Starting Index Value definition
Starting Index Value means the closing value of the Index on the last trading day immediately preceding the date of the first public announcement of the entry into this Agreement.
Starting Index Value equals the Closing Value of the BXM Index on the previous Trading Day.
Starting Index Value means the value of the Index at the market close on the date the MITTS are priced for initial sale to the public (the "Pricing Date").
Examples of Starting Index Value in a sentence
After the first Contract Year, the Starting Index Value is the prior Contract’s Years’ Ending Index Value.
The formula for calculating ILI is as follows: Index Return = (Ending Index Value** — Starting Index Value*) / Starting Index Value If the Index Return is less than or equal to the Guaranteed Minimum Interest Rate, then no ILI will be paid.
The formula for calculating ILI is as follows: Index Return = (Ending Index Value** – Starting Index Value*) / Starting Index Value If the Index Return is less than or equal to the Guaranteed Minimum Interest Rate, then no ILI will be paid.