Examples of Initial Reference Price in a sentence
If the Final Reference Price is less than 100% of the Initial Reference Price: a payment in cash equal to the Notional Amount.
Automatic Early Redemption: If, on any Autocall Valuation Date, the closing price of each underlying is greater than or equal to 100% of its Initial Reference Price, the product will be redeemed on the corresponding Early Redemption Date.
All missed coupons will accumulate and become payable only if the Coupon Condition is subsequently satisfied.Automatic Early Redemption: If, on any Autocall Valuation Date, the closing price of each underlying is greater than or equal to 100% of its Initial Reference Price, the product will be redeemed on the corresponding Early Redemption Date.
All missed coupons will accumulate and become payable only if the Coupon Condition is subsequently satisfied.Automatic Early Redemption: If, on any Autocall Valuation Date, the closing price of the Underlying is greater than or equal to 100% of the Initial Reference Price, the product will be redeemed on the corresponding Early Redemption Date.
The quotient is formed from the Final Reference Price and the Initial Reference Price.