Linked Note definition

Linked Note means an Index Linked Interest Note and/or an Index Linked Redemption Note, as applicable;

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Linked Note means a Note in respect of which the amount in respect of principal and/or interest payable is calculated by reference to an index and/or a formula as an Issuer and the Relevant Dealers may agree, as indicated in the applicable Product and/or Pricing Supplement(s) and may be an Equity-Linked Note, Index-Linked Note, Credit-Linked Note, Commodity Linked Note or any other type of Linked Note identified as such in the applicable Product and/or Pricing Supplement(s).

Examples of Linked Note in a sentence

• Upon the date on which any Floating Rate Note, Dual Currency Note, Index Linked Note or Long Maturity Note in definitive form becomes due and repayable, unmatured Coupons and Talons (if any) relating thereto (whether or not attached) shall become void and no payment or, as the case may be, exchange for further Coupons shall be made in respect thereof.

• This Note may be a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note, an Inflation Linked Note (being either an Inflation Linked Interest Note, an Inflation Linked Redemption Note or a combination of the two) or a combination of any of the foregoing, depending upon the Interest Basis shown in the applicable Final Terms.

• Where the Specified Denomination of a Floating Rate Note, a CMS Linked Note or an Inflation Linked Interest Note in definitive form comprises more than one Calculation Amount, the Interest Amount payable in respect of such Note shall be the aggregate of the amounts (determined in the manner provided above) for each Calculation Amount comprising the Specified Denomination without any further rounding.

• Upon the date on which any Floating Rate Note, Index Linked Note or Long Maturity Note in definitive form becomes due and repayable, unmatured Coupons and Talons (if any) relating thereto (whether or not attached) shall become void and no payment or, as the case may be, exchange for further Coupons shall be made in respect thereof.

• The Calculation Agent shall determine the redemption amount of, and/or, if applicable, the amount of interest payable on, each Relevant Index Linked Note in accordance with the redemption calculation applicable thereto.

• Worked Example The scenario below is based on an Equity Linked Note (single share) allowing the Noteholders to receive a conditional Interest Amount of 2.50% per interest period (the PhoenixCoupon) in exchange of an exposure to the negative performance of the Underlying on the Maturity Date if the Notes have not been early redeemed before.

• Upon the date on which any Floating Rate Note, Dual Currency Note or Index Linked Note in definitive form becomes due and repayable, all unmatured Coupons and Talons (if any) relating thereto (whether or not attached) shall become void and no payment or, as the case may be, exchange for further Coupons, shall be made in respect thereof.

• Such Lender represents that it is purchasing its Participation in this Agreement, its Letter of Credit Linked Note and its Term Notes, if any, for its own account or for one or more separate accounts maintained by it or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of its or their property shall at all times be within its or their control.

• Upon request, the Company (at its expense) shall execute and deliver a Letter of Credit Linked Note and one or more Term Notes to the assignee Lender.

• Worked Example The scenario below is based on an Index Linked Note (single index) allowing the Noteholders to receive on the Maturity Date, 150% of their initial capital investment if the performance of the Underlying is greater than or equal to 10%.