Examples of Final Trigger Level in a sentence
Autocallable Redemption provides the investor an upside if the Relevant Final Performance of the Index or the Relevant Final Performance of each of the Indices in the basket of Indices (as applicable) being equal to or greater than a specified fixed percentage known as the Final Trigger Level.
In this case, the Index Performance (106.66%) is greater than the Final Trigger Level (85%).
Therefore, an investor will be entitled on redemption to an amount equal to the principal amount of the Note multiplied by 150% (being the percentage specified in the relevant Preference Share Terms and Conditions as the percentage applicable in respect of determining the Final Redemption Amount in the event the Index Performance is greater than or equal to the Final Trigger Level).
Therefore, the Index Performance is 106.66%.(2) Is the Index Performance equal to or greater than the Final Trigger Level?In this case, the Index Performance (106.66%) is greater than the Final Trigger Level (85%).
The Final Redemption Amount will be an amount per Note equal to the principal amount of the Note multiplied by the following: If the Final Index Performance is equal to or greater than the Final Trigger Level, then 169% If the Final Index Performance is less than the Final Trigger Level, and the Final Index Performance is equal to or greater than the Barrier Level, then 100%; or the Final Index Performance is less than the Barrier Level, then the Final Index Performance.