Examples of Closing Level in a sentence
Exercise of Warrants shall be determined by the Closing Level of the Index.
Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.
Change of calculation methodology or failure to publish the IndexIf there is a material change in the calculation of the Index level or a failure to publish the Index, we may determine the Closing Level on the basis of the method last in effect prior to such change or failure.
Cash Settlement Amount: In respect of each Certificate, is the amount (if positive) equal to: Notional Amount per Certificate x Closing Level Denominations: Certificates are represented by a global warrant in respect of all the Certificates.
For the avoidance of doubt, if the Closing Level references the final settlement price for settling a futures contract and the final settlement price is not available on the scheduled Valuation Date, the Issuer may postpone the Valuation Date further until the publication of the relevant final settlement price.