Reference Asset Price means, on any day, the closing level calculated and published by the Price Source as specified in the table under “Reference Portfolio”. If there is no closing level calculated and published on that day, then the Closing Level will be the closing level on the immediately preceding day on which such closing level is calculated and published by the Price Source (except if this occurs on the Issue Date or an Average Valuation Date, in which case the closing level on the immediately following day on which such closing level is calculated and published by the Price Source will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing level or the market disruption event should last for five Business Days, the closing level of the Reference Asset will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices.

Reference Asset Price means the current price of the Reference Asset. For the avoidance of any doubt, this shall not be the futures contract value but the futures contract value divided by the applicable contract factor (the value of 1.0 future’s point) specified on the Relevant Screen Page referred to in the definition of the relevant Series in the applicable Final Terms and, if no such page reference exists, such other page reference as the Calculation Agent determines. In circumstances where the Calculation Agent determines that no such price can be determined and no Market Disruption Event has occurred and is continuing, the Reference Asset Price shall be an amount determined by the Calculation Agent as its good faith estimate of the price of the Reference Asset on such date having regard to the then prevailing market conditions, the last reported Reference Asset Price and such other factors as the Calculation Agent determines relevant;

Examples of Reference Asset Price in a sentence

A Market Disruption Event may delay the determination of a Final Reference Asset Price and consequently the calculation of the Variable Return payable.
The occurrence, since the Issue Date, of a material change in the basis for (including but not limited to the quantity, quality or currency), or method of calculating the Reference Asset Price; or(e) Material Change in Content.
A Market Disruption Event may delay the determination of a Reference Asset Price on an Observation Date and consequently the calculation of the Coupon payable.
A residential child care facility may make available information in the case record to the child, his parent(s), or guardian and their respective legal counsel if the information being released does not contain material which violates the right of privacy of another individual and/or material that must be withheld from release according to other laws or by order of the court.
The failure by the Exchange to announce or publish the Reference Asset Price (or the information necessary for determining such price), or the temporary or permanent discontinuance or unavailability of such price by the Exchange on the Valuation Date, the Issuer Call Date or during the Stop Loss Termination Valuation Period; or(b) Trading Suspension.

More Definitions of Reference Asset Price

Reference Asset Price means, for each Reference Asset, the price at which any purchase or sale transaction in relation to that Reference Asset occurs at any time on the relevant Exchange Business Day on the Relevant Exchange up to

Reference Asset Price means, unless otherwise specified in the definition of the relevant Series in the applicable Final Terms, (i) in respect of an Index, the current level of such Index,(ii) in respect of a Share or Commodity, the current price of such Share or Commodity, as the case may be, quoted on the Exchange, (iii) in respect of a Fund, the net asset value (“NAV”) of the Fund as quoted by the fund manager and in relation to all of (i), (ii) and (iii), as determined by or on behalf of the Calculation Agent without regard to any subsequently published correction or (if in the determination of the Calculation Agent no such price, level or NAV can be determined and no Market Disruption Event has occurred and is continuing) a price, level or NAV determined by the Calculation Agent as its good faith estimate of the current price, level or NAV of the Reference Asset having regard to the then prevailing market conditions, the last reported trading price or NAV as applicable of (i) in respect of an Index, the Index Shares, and otherwise (ii) the Reference Asset on the Exchange, if applicable, and such other factors as the Calculation Agent determines relevant;

Reference Asset Price means, the closing price or the closing level, as applicable, and reported and/or published by the applicable Price Source as specified in the table under “Reference Portfolio”, and, for the Reference Units, as converted in Canadian dollars as specified below. If there is no closing price or no closing level, as applicable, reported or published on that day, then the Closing Level will be the closing price or the closing level, as applicable, on the immediately preceding day on which such closing price or closing level is reported or published by the applicable Price Source (except if this occurs on the Issuance Date or the Valuation Date, in which case the closing price or the closing level, as applicable, on the immediately following day on which such closing price or closing level is reported or published by the applicable Price Source will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing price or closing level or the market disruption event should last for five Business Days, the closing price or closing level of the relevant Reference Asset will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices. The Reference Asset Price for the Reference Units will be converted Canadian dollars using the noon exchange rate of the Bank of Canada of the applicable day.

Reference Asset Price means 99.649935% (cash price of the Reference Assets as of Trade Date, which includes any accrued interest, expressed as a percentage)

Reference Asset Price means, (i) if specified as NAV in the definition of the relevant Series in the applicable Final Terms, the net asset value of the Fund as quoted by the fund manager of the Fund for any Trading Day, and (ii) if specified as Trading Price in the definition of the relevant Series in the applicable Final Terms, the trading price of the Fund as quoted by the fund manager of the Fund for any Trading Day;

Reference Asset Price means, on any day, the closing price of the Reference Asset on the primary exchange on which the Reference Asset is traded, as reported by such exchange, provided that if the primary exchange on which the Reference Asset is traded is not open for trading on that day, if there is no closing price on that day or if there is a market disruption event affecting such Reference Asset on that day, the closing price on the immediately preceding day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, except if this occurs on the Issue Date or the Valuation Date, in which case the closing price on the immediately following day on which such exchange is open for trading (and for which there is a closing price and no market disruption event) will be used, up to a maximum postponement of five Business Days. If the closing of the primary exchange, the absence of a closing price or the market disruption event should last for five Business Days, the closing price of the Reference Asset will be a price determined on such fifth Business Day by the Calculation Agent in its sole discretion and in good faith using market-accepted practices.

Reference Asset Price definition

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