Physical Delivery Notes definition

Physical Delivery Notes means Notes in respect of which an amount of principal and/or interest is due and/or (by reference to an underlying equity, bond, other security or such other asset as may be specified in the applicable Final Terms (the "Underlying Assets")) a Physical Delivery Amount (being the number of Underlying Assets plus/minus any amount due to/from the Noteholder in respect of each Note) is deliverable ("Physical Settlement Date") and/or must be settled, in each case by reference to one or more Underlying Assets as the Issuer may decide and as indicated in the applicable Final Terms.

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Physical Delivery Notes means Notes redeemed by physical delivery.

Physical Delivery Notes means Notes in respect of which an amount of principal and/or interest is due and/or (by reference to an underlying equity, bond, other security or such other asset as may be

Examples of Physical Delivery Notes in a sentence

In the case of any Equity Linked Notes or Credit Linked Notes the applicable Final Terms will specify whether the Notes are Cash Settled Notes or Physical Delivery Notes.
Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount (or, in the case of Physical Delivery Notes, by delivery of the Asset Amount) as specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms.
Save as otherwise specified in the applicable Final Terms, Cash Settled Notes will be redeemed by the payment to the Noteholders of such amount as is specified in the applicable Final Terms and Physical Delivery Notes will be redeemed by the delivery of the Relevant Asset(s) specified in the applicable Final Terms.
The Delivery Agent shall, in relation to each Series of Relevant Physical Delivery Notes, perform promptly all the functions and duties imposed on the Delivery Agent by the Terms and Conditions of the Relevant Physical Delivery Notes.
The agreement of the Issuer and the Delivery Agent that this Agreement is to apply to a specific Series of Physical Delivery Notes (the “Relevant Physical Delivery Notes”) shall be evidenced by the naming of the Delivery Agent as such in the relevant Final Terms.
When the settlement of a Physical Delivery Note is by way of physical delivery, the delivery of any Physical Delivery Amount in respect of Physical Delivery Notes (including, without limitation, liability for the costs of transfer of Deliverable Asset(s)) will be made through the relevant Clearing System.
Each issuance of Dual Currency Interest Notes, Physical Delivery Notes or Notes evidencing Fiduciary Contracts in respect of any equity securities, exchange traded swaps, options, commodities or other derivative transactions shall be subject to such additional U.S. selling restrictions as the Fiduciary and the relevant Dealer may agree as a term of the issuance and purchase of such Notes, which additional selling restrictions shall be set out in the applicable Prospectus or Final Terms.
Following receipt of a notice of resignation from the Delivery Agent, the Issuer promptly shall give notice thereof to the holders of the Relevant Physical Delivery Notes in accordance with Condition 14.
The Issuer hereby appoints the Delivery Agent as agent for the purposes of delivering to (or at the direction of) the holders of any Physical Delivery Notes the relevant Physical Delivery Amount(s) to which such Physical Delivery Notes relate as are agreed between the Issuer and the Dealer(s) (and set forth in the Terms and Conditions).
Any reference in this Condition 5 to payment or repayment (as the case may be) of principal and/or interest and other similar expressions shall, where the context so admits, be deemed to refer also to delivery of any Asset Amount relating to Physical Delivery Notes.

More Definitions of Physical Delivery Notes

Physical Delivery Notes means Notes for which settlement will be by way of physical delivery, as provided in the Applicable Transaction Terms;

Physical Delivery Notes means any Notes where the applicable Final Terms provide that Physical Settlement applies to such Notes;