Reference Portfolio Return definition

Reference Portfolio Return means on any day, the weighted average return of the Reference Assets calculated as the sum of the Weighted Reference Asset Return of each of the Reference Assets comprising the Reference Portfolio.

Reference Portfolio Return means a number (which may be positive or negative), expressed as a percentage (rounded to two decimal places), determined as follows:

Reference Portfolio Return means a number (which may be positive or negative), expressed as a percentage (rounded to two decimal places) equal to the difference between the Reference Portfolio Level on the Valuation Date and the Locked-in Initial Reference Portfolio Level, divided by 1,000, as per the following formula:

Examples of Reference Portfolio Return in a sentence

• If your expectations of the Reference Portfolio Return differ from these, you should consider alternative investments rather than an investment in the Note Securities of this type.

• NBC MarathonTM (Accelerator) Note Securities (Partial Protection) You should consider a purchase of the Note Securities of this type rather than alternative investments (including a direct purchase of the Reference Assets or exposure to them) if you expect that the Reference Portfolio Return will be positive on the Valuation Date.

• If your expectations of the Reference Portfolio Return differ from this, you should consider alternative investments rather than an investment in the Note Securities of this type.

• NBC MarathonTM (Accelerator) Note Securities (Twin Win) You should consider a purchase of the Note Securities of this type rather than alternative investments (including a direct purchase of the Reference Assets or exposure to them) if you expect that: (i) the Reference Portfolio Return will be positive on the Valuation Date; and (ii) in a negative Reference Portfolio Return scenario as of the Valuation Date, the Reference Portfolio Return will be equal to or higher than the Barrier.

• NBC MarathonTM (Accelerator) Note Securities (Geared Buffer) You should consider a purchase of the Note Securities of this type rather than alternative investments (including a direct purchase of the Reference Assets or exposure to them) if you expect that: (i) the Reference Portfolio Return will be positive on the Valuation Date; and (ii) in a negative Reference Portfolio Return scenario as of the Valuation Date, the Reference Portfolio Return will be equal to or higher than the Barrier.

More Definitions of Reference Portfolio Return

Reference Portfolio Return means the arithmetic average (expressed as a percentage and rounded to two decimal places) of the Reference Shares Return of the 20 Reference Shares over the period starting on the Issuance Date of the Deposit Notes and ending on the Valuation Date.

Reference Portfolio Return means, a number (which may be positive or negative), expressed as a percentage (rounded to two decimal places), equal to the arithmetic average of the Reference Share Returns of the 5 Reference Shares on the Valuation Date.

Reference Portfolio Return means the return on the units of the Reference Asset over the term of the Notes, expressed as a percentage, calculated in accordance with the following formula:

Reference Portfolio Return means the arithmetic average (which may be positive or negative) of the Modified Reference Share Returns of all the Reference Shares comprising the Reference Portfolio.

Reference Portfolio Return means a number equal to : (Final Portfolio Level / Initial Portfolio Level) – 1. “Trailer Fee” has the meaning ascribed thereto under “Fees and Expenses”.

Reference Portfolio Return means a number (which may be positive or negative), expressed as a percentage, equal to: (Final Portfolio Level / Initial Portfolio Level) – 1.

Reference Portfolio Return means, for each Series, a number (which may be positive or negative), expressed as a percentage (rounded to two decimal places), determined as follows: