Examples of Final Index Level in a sentence
In this example, the Final Index Level is greater than or equal to the Protection Barrier Level.
In this example, the Final Index Level is greater than or equal to the Protection Buffer Level.
The Calculation Agent will determine the Final Index Level by reference to the level of the relevant Index quoted on a particular exchange or quotation system at a valuation time.
It does so by comparing the Final Index Level with an initial index level or levels (such index level or levels may be (i) specified in the relevant Preference Share Terms and Conditions, or (ii) determined by reference to the arithmetic average of the index level or levels on the initial valuation dates specified in the relevant Preference Share Terms and Conditions) to ascertain the "Index Performance" of the relevant Index.
The calculations which are required to be made to calculate the amount payable on redemption of the relevant Preference Shares will be based on the level of the Index or basket of Indices (the "Final Index Level") determined by the Calculation Agent.