Examples of Barrier Event in a sentence
For example, if the Final Terms specify that the Barrier Event occurs if the Underlying is lower than the Barrier Level, in case of Second Worst Of, the Barrier Event occurs if e.g. among four Underlyings at least two Underlyings are lower than the Barrier Level.
In particular, for the purposes of determining the occurrence of a Barrier Event, the Final Terms will specify the number of Underlyings that have to be equal to, higher than or lower than the Barrier Level.
In relation to the Intraday Value, in the event that a Market Disruption Event has occurred on an Exchange Business Day of the Barrier Gap Observation Period, the provisions set out within Condition 15(1) (Market Disruption Event) will apply; Barrier Level means the value specified in the applicable Final Terms that determines the occurrence of the Barrier Event in relation to the relevant Underlying.
For example, if the relevant Final Terms do not provide a Protection Level or an Air Bag Factor or other similar features, upon occurrence of the Barrier Event, the Cash Settlement Amount will be linked only to the performance of the Underlying (or of the Spread in the case of Spread Certificates).
If a Barrier Event occurs, the Cash Settlement Amount will be determined in accordance with a calculation method other than the calculation method applicable if the Barrier Event does not occur and such circumstance may have a negative influence on the price.