Coupon Floor definition

Coupon Floor means a percentage of the Nominal Amount asspecified in the relevant Final Terms.
Sample 1
Coupon Floor means, in respect of a Coupon Payment Date, the percentage specified in the Issue Terms.
Sample 1

Examples of Coupon Floor in a sentence

  • The actual Coupon Floor will be determined on the Pricing Date, and will be set forth in the final pricing supplement relating to the Notes.Coupon Cap: 5.00%Day Count Fraction: Interest will be calculated on a 30/360 basis.Interest Payment Dates:Quarterly, on the 19th day of each February, May, August and November, commencing on August 19, 2022 and ending on the Maturity Date.

  • Coupon Floor: 3.00%Coupon Cap: 6.25%Day Count Fraction: Interest will be calculated on a 30/360 basis.Interest Payment Dates:Quarterly, on the 9th day of each March, June, September and December, commencing on September 9, 2022 and ending on the Maturity Date.

  • Coupon Floor: 3.60%Coupon Cap: 6.00%Day Count Fraction: Interest will be calculated on a 30/360 basis.Interest Payment Dates:Quarterly, on January 21, April 21, July 21 and October 21 of each year, commencing on October 21, 2022, and ending on the Maturity Date.

  • If the Final Terms specify that the “Annualised Performance Interest Provisions” apply, the Rate of Interest in respect of the Notes on any Interest Payment Date will depend on the higher of (i) the Coupon Floor; and (ii) the lower of (a) the Coupon Cap and (b) the product of (x) the Coupon Participation and (y) the Annualised Performance(t).

  • Issuer: Royal Bank of Canada (“Royal Bank”)Underwriter: RBC Capital Markets, LLCCurrency: U.S. DollarsMinimum Investment: $1,000 and minimum denominations of $1,000 in excess of $1,000 Pricing Date: June 6, 2022Issue Date: June 9, 2022Maturity Date: June 9, 2025Interest Rate: The Notes will bear interest at a per annum rate based on the Reference Rate, subject to the Coupon Floor and the Coupon Cap.Reference Rate: The Reference Rate will be compounded SOFR, calculated as described in this document.

  • Issuer: Royal Bank of Canada (“Royal Bank”)Underwriter: RBC Capital Markets, LLCCurrency: U.S. DollarsMinimum Investment: $1,000 and minimum denominations of $1,000 in excess of $1,000 Pricing Date: July 18, 2022Issue Date: July 21, 2022Maturity Date: July 21, 2025Interest Rate: The Notes will bear interest at a per annum rate based on the Reference Rate, subject to the Coupon Floor and the Coupon Cap.Reference Rate: The Reference Rate will be compounded SOFR, calculated as described in this document.

  • The Notes will accrue interest at the following rates during the indicated years of their term:• from and including the issue date to, but excluding June 18, 2023: 2.05% per annum• from and including June 18, 2023 to, but excluding the maturity date: the Reference Rate + a Spread of 1.00% (subject to a Coupon Floor of 1.00%)The Notes will not be listed on any securities exchange.Investing in the Notes involves a number of risks.

  • Coupon Floor: 2.90%Coupon Cap: 6.10%Day Count Fraction: Interest will be calculated on a 30/360 basis.Interest Payment Dates:Quarterly, on the 13th day of each February, May, August and November, commencing on August 13, 2022 and ending on the Maturity Date.

  • In each case, the interest rate on the Notes will be subject to a Coupon Cap of 5.00% and a Coupon Floor of at least 3.00%.

  • Article 1 proposes changes to the general education revenue program.1Age limitations; pupils.

Related to Coupon Floor

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Coupon Rate has the meaning set forth in Section 2.8.

  • Coupon Period means the period commencing on (and including) the Issue Date and ending on (but excluding) the first Coupon Payment Date and each successive period commencing on (and including) a Coupon Payment Date and ending on (but excluding) the next succeeding Coupon Payment Date;

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Fixed Coupon Amount means the amount specified as such in the relevant Final Terms.

  • Coupon Sheet means, in respect of a Note, a coupon sheet relating to the Note;

  • Coupon Barrier Value means, in respect of a ST Coupon Valuation Date, Worst Value.

  • Zero Coupon Note means a Note specified as such in the relevant Final Terms.

  • Coupon means any interest coupon appertaining to a Bearer Security.

  • Repayment Price means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.