Strike Level definition
Examples of Strike Level in a sentence
In addition, and with respect to Call Warrants with delivery, the Investor undertakes to pay an amount equal to the Strike Level multiplied by the number of Shares to which the exercised Warrants relate (the "Requisite Amount") in order to receive delivery of the Underlying.
If on the Final Valuation Date the Final Reference Level is lower than the Strike Level a Booster Knock-Out Note will be redeemed on the Maturity Date at the product of (i) the Specified Denomination and (ii) the Final Reference Level divided by the Initial Reference Level if a Booster Knock-Out Event has occurred.
Booster Notes A Booster Note will be redeemed on the Maturity Date at the lowest of (a) (i) the Specified Denomination plus (ii) the product of the Specified Denomination, the gearing* and a fraction the numerator of which is equal to the Final Reference Level minus the Strike Level and the denominator of which is the Initial Reference Level and (b) the Maximum Redemption Amount (if applicable), if on the Final Valuation Date the Final Reference Level is equal to or higher than the Strike Level.
The percentage change in the Spot [Index] Index Value from the Pricing Date to the applicable Valuation Date is described by the following formula: Spot [Index] Index Value VD – Strike Level Strike Level The “Spot [Index] Index Value VD” is the Spot [Index] Index Value on the applicable Valuation Date.
If on the Final Valuation Date the Final Reference Level is lower than the Strike Level, a Booster Note will be redeemed on the Maturity Date at the product of (i) the Specified Denomination and (ii) the Final Reference Level divided by the Initial Reference Level.