Starting Level definition
Examples of Starting Level in a sentence
The last day of each Reference Period is referred to as a "Reset Date." On each Reset Date, the Calculation Agent will determine the "Periodic Return" of the S&P 500® Index for the Reference Period then ended by applying the following formula: 9 (Ending Level - Starting Level) Starting Level The result will be rounded to the nearest ten-thousandth of a decimal place and then expressed as a percentage.
Investors should also note that even if the Reference Asset is above the Reference Asset Starting Level, if there is an Early Maturity Event no Final Coupon will be payable.
New employees, and employees transferring into a maintenance position, excluding lead position, shall be placed at the Starting Level hourly rate for the applicable classification Maintenance department employees, transferring from one Maintenance classification to another Maintenance classification shall be paid at the same classification level (starting or 60 day) as they were being paid in their former Maintenance classification.
Level Starting Level The result will be rounded to the nearest ten-thousandth of a decimal place and then expressed as a percentage.
This Note was priced on June 21, 2004, or the "Pricing Date." On the Pricing Date, the Calculation Agent determined the closing level of the Index to be 11,600.16 (the "Starting Level").