Examples of Initial Stock Price in a sentence
If the conditions described in (a) and (b) both occur, for each Note, instead of a cash payment, the Redemption Amount shall be a number of shares of the Underlying Stock equal to the following: ( $1,000 ) x Share Multiplier, Initial Stock Price plus any accrued but unpaid interest in cash.
The Initial Stock Price will not be adjusted, however, unless such Ex-Dividend Date occurs after the Pricing Date and on or before the Valuation Date on which the Valuation Stock Price will be determined.
Having adjusted the number of shares per Basket Stock for any and all such events as so provided, the Calculation Agent shall adjust the Initial Stock Price for each event for which such adjustment is required by multiplying the prior Initial Stock Price by a fraction, the numerator of which shall equal the prior number of shares per Basket Stock and the denominator of which shall equal the new number of shares per Basket Stock.
In such event, such Eligible Policyholders receive additional consideration equal to the product of (x) and (y), where (x) equals the excess of (i) the ratio of the average trading price to the Initial Stock Price over (ii) 1.1, and (y) equals the amount of their calculated consideration (i.e., the sum of the Basic Fixed Component, any Basic Variable Component, and any Additional Components) on such Eligible Policies.
If more than one such event occurs, the Calculation Agent shall adjust the Initial Stock Price or the number of shares per Basket Stock or both as so provided for each such event, sequentially, in the order in which such events occur, and on a cumulative basis.