Basket Level definition

Basket Level means, in respect of an Exchange Business Day, the level of the Basket, calculated as one plus the sum of the Weighted Share Returns for each Share on such Exchange Business Day, multiplied by 100.

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Basket Level means either:

Basket Level means, in respect of a Calculation Day t, where such Calculation Day t is:

Examples of Basket Level in a sentence

The Reference Level is the Single Reference Asset Level, the Average Basket Level or the Worst Performer of Basket.
Each Basket Index represents a percentage of the Initial Basket Level on the pricing date.
The Basket Level equals the sum of the products of the closing level and the Index Ratio for each Basket Index, as determined by the Calculation Agent.
The Basket Level equals the sum of the products of the Closing Price and the Share Ratio for each Basket Stock.
The "Basket Level" is the hypothetical value of the Basket that is determined at the close of any business day.
The Calculation Agent has the sole discretion to make all determinations regarding this Note, including determinations regarding the Basket Return, the Basket Level, the Basket Percentage Change, the Supplemental Redemption Amount, Market Disruption Events, Successor Indices, business days, and trading days.
The period of time between the last Reset Date and the Maturity Date is not part of a Reference Period, and, therefore, changes in the Basket Level during that period will not affect the Supplemental Redemption Amount payable to the holder of this Note at maturity.
The Basket Level will equal the sum of, for each Basket Stock, the product of its closing level and its then-applicable Exchange Ratio.
The Basket Level used to calculate the Alternative Redemption Amount shall be determined by the Calculation Agent.
The Supplemental Redemption Amount, if any, will be based upon the Basket Return, which will be calculated as follows: The "Basket Return" shall equal: Basket Percentage Change x Participation Rate The "Basket Percentage Change" shall equal: (Final Basket Level - Initial Basket Level) Initial Basket Level The result will be rounded to the nearest ten-thousandth of a decimal place and then expressed as a percentage.

More Definitions of Basket Level

Basket Level when used with respect to any Payment Determination Date, shall equal the sum of (a) the products of the Closing Prices and the applicable Multipliers for each Basket Security for which a Delaying Event does not occur on the related Calculation Day, (b) if a Delaying Event occurs for a Basket Security on the related Calculation Day, the product of the Closing Price for such Basket Security on the next Trading Day on which a Market Disruption Event does not occur for such Basket Security and the Multiplier for such Basket Security and (c) any cash included in the Basket on such Calculation Day.

Basket Level means an amount calculated by the Issuer in accordance with the following formula:".

Basket Level means, in respect of an Exchange Business Day, the level of the Basket, calculated as one plus the sum of the

Basket Level means, in respect of a Valuation Date and any relevant Scheduled Trading Day, the average of the Valuation Levels of the Shares on such day.