Stop Loss-Spread definition
Stop Loss-Spread means the Initial Stop Loss-Spread as specified in § 1 of the Product and Underlying Data. The Calculation Agent intends to keep the Stop Loss-Spread at a constant level during the term of the Securities (subject to a rounding of the Knock-out Barrier). However it is entitled to adjust the Stop Loss-Spread using its reasonable judgment and acting in good faith to the prevailing market conditions (e.g. an increased volatility of the Underlying) on each Trading Day (the "Spread Adjustment"). The Spread Adjustment is applicable as of the day of its notification pursuant to § 6 of the General Conditions (including) (the "Spread Adjustment Day").