Barrier Level definition
Examples of Barrier Level in a sentence
Knock Out Event: For Knock Out Options, a Knockout Event occurs when the Spot Price is equal to or greater than or equal to or less than the Barrier Level (as is applicable to the Option Type) during the Event Period.
For Knock In Options, a Knock In Event occurs when the Spot Price is equal to or greater than or equal to or less than the Barrier Level (as is applicable to the Option Type) during the Event Period.
If the Barrier Level is not reached on any Valuation Date, the Additional Amount will equal zero and the Redemption Amount will equal the Principal Amount of the Notes.
For the Type of Option which is Double Knockin, if the Spot Price is at or breaches either Barrier Level 1 or Barrier Level 2 during the Barrier Event Period.
The Additional Amount is calculated as the product of the Participation Ratio, the Principal Amount of the Notes, and the difference between the final value of the Basket and the Basket Strike Level, or, if higher, a pre- specified coupon level, provided that the Basket has, on every Valuation Date during the lifetime of the Notes, performed at or above the predefined Barrier Level.