Examples of Initial Observation Date in a sentence
Option: Initial Reference Price Observation In case of Initial Reference Price Observation, Initial Reference Price means the Reference Price determined on the Initial Observation Date ("Initial Reference Price Observation").
Initial Reference Price means the Reference Price of the Underlying determined on the Initial Observation Date.
If the stock is a Substitute Stock, the Initial Price(i) will be calculated by the Calculation Agent on the date of the substitution of the Affected Stock by the Substitute Stock (the “Substitution Date”): The official closing price of the Substitute Stock will be adjusted by the performance of the Affected Stock between Initial Observation Date and Substitution Date.
W(i) is the weight of each stock in the basket, means 1/20 Initial Price(i) is the official closing price of the stock i on the Initial Observation Date if the stock is not a Substitute Stock.
Formula The Subfund’s payout is based on the Equity Basket Level between the Initial Observation Date and the Annual Observation Dates or the Final Observation Date.