Currency Linked Notes definition
Examples of Currency Linked Notes in a sentence
Where the Notes are Currency Linked Notes, the Determination Agent may determine that a Disruption Event has occurred at any relevant time.
Fluctuations in exchange rates will affect the value of Currency Linked Notes and Dual Currency Notes.
Accordingly an investment in Currency Linked Notes and/or Dual Currency Notes may bear similar market risks to a direct foreign exchange investment and potential investors should take advice accordingly.
The Issuers may issue Notes where the amount of principal and/or interest payable are dependent upon movements in currency exchange rates or are payable in one or more currencies which may be different from the currency in which the Notes are denominated (Currency Linked Notes or Dual Currency Notes).
Potential investors in any such Notes should be aware that, depending on the terms of the Currency Linked Notes or Dual Currency Notes (i) they may receive no or a limited amount of interest, (ii) payment of principal or interest may occur at a different time or in a different currency than expected and (iii) they may lose a substantial portion of their investment.
The applicable Final Terms will indicate whether the Notes are (i) Fixed Rate Notes, (ii) Floating Rate Notes, (iii) Fixed to Floating Rate Notes, (iv) Zero Coupon Notes or (v) Notes linked to an underlying reference asset(s) such as Credit Linked Notes, Index Linked Notes, Fund Linked Notes, Equity Linked Notes, Inflation Linked Notes, Currency Linked Notes, Commodity Linked Notes, Bond Linked Notes, Future Linked Notes or any combination thereof.
Subject to the adjustments set forth in this Section 2.3, the consideration to be paid by Purchaser to the Sellers for the Shares and the Purchased Assets is Thirty Nine Million Dollars ($39,000,000) ($29,000,000 of which is payable in cash by wire transfer of immediately available funds and $10,000,000 of which is payable pursuant to the SCT Note) (collectively, the "Purchase Price").
The Issuer may issue Notes of any kind, including but not limited to Equity Linked Notes (in respect of one or more equity securities), Index Linked Notes (in respect of one or more indices), Currency Linked Notes (in respect of one or more currency pairs), Credit Linked Notes (in respect of the credit of one or more reference entities or reference obligations) and Commodity Linked Notes (in respect of one or more commodities or indices comprising various commodities.
The Index Linked Notes, the Inflation Linked Notes, the Currency Linked Notes, the Commodity Linked Notes, the Fund Linked Notes, the Bond Linked Notes, Rate Linked Notes and the Future Linked Notes are Cash Settled Notes.
Furthermore, investors who intend to convert gains or losses from the redemption or sale of Currency Certificates or Currency Linked Notes or the exercise of Currency Warrants into their home currency may be affected by fluctuations in exchange rates between their home currency and the relevant currency (or basket of currencies).