Participation Notes definition

Participation Notes or “P Notes”, means contracts issued by banks or broker-dealers that

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Participation Notes means contracts issued by banks or broker-dealers that provide exposure to an underlying security on a 1 for 1

Participation Notes means contracts issued by banks or broker-dealers that provide exposure to an underlying security on a 1 for 1 basis on the underlying security. Participation Notes, also known as certificates, may be listed on stock exchanges or unlisted but settled OTC on platforms such as Clearstream Banking AG, Clearstream Banking SA or Euroclear etc and are typically fully funded instruments. Participation Notes can provide exposure to specific stocks, direct access to restricted markets or customised exposure to a country, region, sector, theme or basket.

Examples of Participation Notes in a sentence

• Loan Participation Notes, due 2010 (the “Original Notes”), issued by, but without recourse to the Issuer, for the sole purpose of funding a loan to PUBLIC JOINT STOCK COMPANY “FIRST UKRAINIAN INTERNATIONAL BANK” (formerly known as Close Joint-Stock Company “First Ukrainian International bank”) (the “Borrower”) pursuant to a loan agreement dated 8 February 2007 (the “Original Loan Agreement”).

• Loan Participation Notes due 2009 (the “Notes”) of UBS (Luxembourg) S.A. (the “Issuer”), issued for the sole purpose of financing the $250,000,000 loan made by the Issuer to Open Joint Stock Company “Vimpel-Communications” (the “Borrower”) pursuant to a loan agreement dated 10 June 2004 (as amended or supplemented from time to time, the “Loan Agreement”).

• Loan Participation Notes due 2009 (the “Notes”) of UBS (Luxembourg) S.A. (the “Issuer”) in respect of which the Restricted Global Note is issued and irrevocably requests and authorises JPMorgan Chase Bank at its specified office in New York City, in its capacity as Registrar in relation to the Notes (or any successor to JPMorgan Chase Bank, in its capacity as such) to effect the relevant transfer by means of appropriate entries in the register kept by it.

• Loan Participation Notes due 2015 (the “Notes”), issued by, but without recourse to the Issuer, for the sole purpose of funding a loan to Public Joint-Stock Company Commercial Bank “PrivatBank” (the “Borrower”) pursuant to a loan agreement dated 17 September 2010 (the “Loan Agreement”).

• Loan Participation Notes due 2009 (the “Notes”) of UBS (Luxembourg) S.A. (the “Issuer”) in respect of which this Unrestricted Global Note Certificate is issued and irrevocably requests and authorises JPMorgan Chase Bank, at its specified office in New York City, in its capacity as Registrar in relation to the Notes (or any successor to JPMorgan Chase Bank, in its capacity as such) to effect the relevant transfer by means of appropriate entries in the register kept by it.

• Loan Participation Notes due 2010 (the “Notes”) of UBS (Luxembourg) S.A. (the “Issuer”), issued for the sole purpose of financing the $300,000,000 loan made by the Issuer to Open Joint Stock Company “Vimpel-Communications” (the “Borrower”) pursuant to a loan agreement dated 8 February 2005 (as amended or supplemented from time to time, the “Loan Agreement”).

• Notwithstanding anything to the contrary, in the event that any Company Party completes an equity offering of Capital Stock that results in gross proceeds of at least $50,000,000, the Borrowers shall redeem the Revenue Participation Notes for an amount equal to the sum of the then outstanding principal balance, plus all accrued and unpaid interest owing thereon.

• Loan Participation Notes due 2015 (the “Notes”) for the sole purpose of financing a loan (the “Loan”) to Public Joint-Stock Company Commercial Bank “PrivatBank” (the “Bank”) subject to, and in accordance with, the loan agreement between the Issuer and the Bank dated 17 September 2010 (the “Loan Agreement”).

• The Issuer has authorised the creation and issue from time to time under a EUR 30,000,000,000 Programme for the Issuance of Loan Participation Notes (the “Programme”) of loan participation notes pursuant to this Agreement (the “Notes”, which expression shall, if the context so admits, include the Global Notes to be initially delivered in respect of Notes) in an aggregate principal amount outstanding at any one time not exceeding the Programme Limit.

• This Global Note is one of a duly authorized issue of the Company’s Medium-Term Notes, Series C, designated as Principal Protected Conditional Participation Notes which are due on the Stated Maturity.

More Definitions of Participation Notes

Participation Notes means instruments which replicate the economic exposure associated with buying or selling an underlying asset or an index and will generally be used to hedge or gain exposure to general market indices in the equities, foreign exchange and fixed income markets.

Participation Notes. Risk: Participation notes are designed to track the return of a particular underlying equity or debt security, currency or market. Investments in participation notes involve the same risks associated with a direct investment in the underlying security, currency or market that they seek to replicate. The Fund has no rights under participation notes against the issuer of the underlying security and must rely on the creditworthiness of the counterparty to the transaction. Portfolio Turnover Rate Risk: A high rate of portfolio turnover involves correspondingly greater expenses which must be borne by the Fund and its shareholders. Stock Risk: Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.

Participation Notes means notes issued by banks or brokers the return –