Initial Level definition

Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

Initial Level means, in respect of any Underlying, the Settlement Price in respect of such Underlying in respect of the Initial Valuation Date, being as of the date of this Pricing Supplement as specified for such Underlying in the table set out in Schedule 2;

Initial Level means, in respect of the Index, the Closing Level on the Closing Date, provided that if such day is not an

Examples of Initial Level in a sentence

• Determine the Index Return by recording the percentage change between the Closing Level of the Index on the Pricing Date (the Initial Level) and on the Final Valuation Date (the Final Level).2.

• Trigger Barrier means each of the Trigger Barriers for the relevantTrigger Observation Date specified in Table B.2expressed as a percentage of the Initial Level.

• Upon such replacement (a “Replacement Event”), the Replacement Index shall be deemed to be the Index for purposes of determining the Variable Return and Bank of Montreal shall, as soon as practicable after such Replacement Event, make adjustments to the Initial Level, or any other component or variable relevant to the determination of any amounts payable in respect of the Deposit Notes.

• If at maturity (or on a particular instalment date, as applicable) the Final Level is less than the Initial Level, the return on the Notes will be reduced in proportion with the decline of the RPI or such other single inflation index as may be specified in the applicable Pricing Supplement, (known as the "downside").

• While he agreed that it was an issue which would need attention, he was not authorised to make any statements on the proposed Directive as it did not form part of the Common Fisheries Policy, which was his area of authority.

More Definitions of Initial Level

Initial Level means the level of the Reference Asset at the Valuation Time on the Initial Valuation Date.

Initial Level means the Closing Level on the Issue Date.

Initial Level means, for a Series of MINIs and each Reference Asset, the initial price or level of each Reference Asset as determined by the Issuer and as set out in PDS Part A.

Initial Level means in respect of a Reference Item, the Reference Level on the Initial Valuation Date.

Initial Level means, in respect of the Index, the Closing Level on the Closing Date, provided that if such day is not anExchange Business Day, then the Initial Level will be determined on the immediately preceding Exchange Business Day, subject to the provisions set out under “Special Circumstances”;

Initial Level means 215.8058, being the Index Level of the Index on the Initial Fixing Date. "MF" or "Management Fee" means 0.38 per cent. per annum;

Initial Level means the level of the Index specified as such or otherwise determined in the applicable Pricing Supplement or, if no such level is specified or otherwise determined in the applicable Pricing Supplement, the level of the Index as determined by the Calculation Agent as of the Valuation Time on the Strike Date, subject to “Particular Provisions” set forth in Condition (f) (Particular Provisions) below.