Credit Linked Notes definition

Credit Linked Notes. CLN") Credit-linked notes ("CLN") are debt security issued by the protection buyer which is repaid at its nominal value on maturity only if a pre-defined credit event has not occurred. If the pre-defined credit event does occur, the CLN will be repaid net of any agreed compensation within a certain period. CLN therefore provide for a risk premium in addition to the principal and the interest to be paid on it, which the issuer pays to the Investor for the right to reduce the repayment amount of the bond upon the realisation of the credit event.

Credit Linked Notes means any Notes in respect of which the "Credit Linked Note Provisions" are specified to be applicable in the relevant Pricing Supplement.

Credit Linked Notes. (hereinafter: CLN) means a derivate financial instrument with an embedded credit default swap allowing credit protection buyer to transfer the risk associated with the asset on which the CLN is based to credit protection seller.

Examples of Credit Linked Notes in a sentence

• A number of the Credit Linked Notes may have features which contain particular risks for investors.

• With respect to Credit Linked Notes which are linked to more than one Reference Entity, such Reference Entities are likely to be entities operating in the same industry and/or geographical area (for example, banks or financial institutions operating in the UK).

• Prospective investors should assess whether the Credit Event Redemption Method is appropriate for them prior to investing in the Credit Linked Notes.

• As a result of the continued evolution in the market, interpretation of the Credit Linked Notes may differ in the future because of future market standards.

• Credit Linked Notes are not capital protected and investors may lose all or a substantial portion of their initial investment.

More Definitions of Credit Linked Notes

Credit Linked Notes means the Floating Rate Credit Linked Notes due 2009 issued by the Initial Lender under the Indenture.

Credit Linked Notes means Notes to which the Credit Linked Conditions are specified to apply in the relevant Applicable Transaction Terms;

Credit Linked Notes means any Notes in respect of which the "Credit Linked Note Provisions" are specified to be applicable in the relevant Final Terms.

Credit Linked Notes means Notes to which the Credit Linked Conditions are specified to apply in the applicable Pricing Supplement;

Credit Linked Notes means notes with an embedded credit default swap allowing the issuer

Credit Linked Notes means Notes to which the Credit Linked Conditions are specified to apply in the applicable Pricing Supplement;"; 4. the deletion of Condition 7(a) (Final Redemption) and its replacement with the following:

Credit Linked Notes means Notes in respect of which the applicable Final Terms or Pricing Supplement specify that the Redemption/Payment Basis: is “Credit Linked Redemption”.