Strike Price means initially on the First Trading Date the initial Strike Price specified in the Table (the "Initial Strike Price"). Thereafter, the Strike Price will be adjusted by the Determination Agent on each Reset Date and applies from, and including, such Reset Date until, but excluding, the next following Reset Date. Each adjusted Strike Price (excluding the Initial Strike Price) will be calculated as follows:
Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date.
Strike Priceprevious means the Strike Price applicable before the latest Reset Date and, if the latest Reset Date is the first Reset Date after the First Trading Date, the Initial Strike Price as defined under the definition of "Strike Price".
Initial Exercise Price shall have the meaning set forth in Section 2.4.1.
Initial Share Price for a Share means the Closing Price on the Exchange (or where such Exchange does not announce or publish a Closing Price, the last traded price, or, if necessary, the mid-market price) for that Share on the Initial Valuation Date, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.