Supplemental Redemption Amount with respect to this MITTS Security will equal the sum of the Index Redemption Amounts (as defined below), provided, however, that in no event will the Supplemental Redemption Amount be less than zero. The "Index Redemption Amount", for each of the Underlying Indices (as defined below ) equals: [ Adjusted Ending Value - Starting Value ] 1 Principal Amount x [ ______________________________________ ] x _ [ Starting Value ] 3 The Starting Value of the S&P 500 Index equals 1,418.78, the Starting Value of the Nikkei 225 Index equals 18,111.31, and the Starting Value of the Dow Xxxxx Euro STOXX 50 equals 4,517.68. The Adjusted Ending Value for each Underlying Index will be determined by Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx Incorporated (the "Calculation Agent") and will equal the average or arithmetic mean of the closing values of the applicable Underlying Index, as reduced by the application of the Adjustment Factor on each Calculation Day (as defined below), determined on each of the first five Calculation Days during the Calculation Period (as defined below). If there are fewer than five Calculation Days in the Calculation Period, the Adjusted Ending Value will equal the average or arithmetic mean of the closing values of the applicable Underlying Index on those Calculation Days, as reduced by the application of the Adjustment Factor on each Calculation Day. If there is only one Calculation Day, then the Adjusted Ending Value will equal the closing value of the applicable Underlying Index on that Calculation Day, as reduced by the application of the Adjustment Factor on that Calculation Day. If no Calculation Days occur during the Calculation Period, then the Adjusted Ending Value shall equal the closing value of the applicable Underlying Index determined on the last scheduled Index Business Day (as defined below) in the Calculation Period, as reduced by the application of the Adjustment Factor on that Index Business Day, regardless of the occurrence of a Market Disruption Event (as defined below) on that Index Business Day. The "Underlying Indices" are the S&P 500 Index, the Nikkei 225 Index and the Dow Xxxxx Euro STOXX 50 Index. The "Adjustment Factor" equals 1.75% per annum and will be prorated based on a 365-day year and applied each calendar day during the term of the MITTS Securities to reduce the values used to calculate the Index Redemption Amounts on each Calculation Day during the Calculation Period.
Supplemental Redemption Amount with respect to this Security equals: Ending Index Value - Benchmark Index Value Principal Amount X ------------------------------------------ Benchmark Index Value
Supplemental Redemption Amount per Unit will be determined by the Calculation Agent (as defined below) and equals: Principal Amount x ( Ending Value - Starting Value ) x Participation Rate Starting Value provided, however, that in no event will the Supplemental Redemption Amount be less than zero. The “Starting Value” equals 10,601.62. The “Ending Value” will be determined by Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx Incorporated (the “Calculation Agent”) and will equal the average (arithmetic mean) of the closing values of the Dow Xxxxx Industrial Average (the “Index”) determined on each of the first five Calculation Days during the Calculation Period (as each is defined below). If there are fewer than five Calculation Days in the Calculation Period, then the Ending Value will equal the average (arithmetic mean) of the closing values of the Index on those Calculation Days. If there is only one Calculation Day during the Calculation Period, then the Ending Value will equal the closing value of the Index on that Calculation Day. If no Calculation Days occur during the Calculation Period, then the Ending Value shall equal the closing value of the Index determined on the last scheduled Index Business Day (as defined below) in the Calculation Period, regardless of the occurrence of a Market Disruption Event (as defined below) on that Index Business Day. The “Participation Rate” equals 105%.
Examples of Supplemental Redemption Amount in a sentence
No reference herein to the Indenture and no provision of this MITTS Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the Principal Amount plus the Supplemental Redemption Amount, if any, with respect to this MITTS Security and any interest on any overdue amount thereof at the time, place, and rate, and in the coin or currency herein prescribed.
Transfer of principal and the Supplemental Redemption Amount to participants of DTC will be the responsibility of DTC, and transfer of principal and the Supplemental Redemption Amount payable to beneficial owners of the Notes by participants of DTC will be the responsibility of such participants and other nominees of such beneficial owners.
The Corporation will recognize Cede & Co., as nominee of DTC, while the registered holder of the Notes, as the owner of the Notes for all purposes, including payment of principal and the Supplemental Redemption Amount, notices and voting.
Interest on any overdue Principal Amount or Supplemental Redemption Amount, as the case may be, shall be payable on demand.
No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the Principal Amount plus the Supplemental Redemption Amount with respect to this Security and any interest on any overdue amount thereof at the time, place, and rate, and in the coin or currency, herein prescribed.
More Definitions of Supplemental Redemption Amount
Supplemental Redemption Amount with respect to this MITTS Security equals: Principal Amount x (Adjusted Ending Value-Starting Value) --------------------------------------- Starting Value
Supplemental Redemption Amount with respect to this Security equals: Ending Index Value - Starting Index Value Principal Amount X ----------------------------------------- X Participation Rate Starting Index Value
Supplemental Redemption Amount with respect to this Security equals: Principal Amount X Ending Index Value - Starting Index Value X 102.25% ----------------------------------------- Starting Index Value
Supplemental Redemption Amount with respect to each Unit of this SUMmation Security equals: $1,000 x the Summation Amount The “Summation Amount” equals the sum of the monthly percentage increases and decreases in the level of the Nasdaq-100 Index (each a “Monthly Return”) over the term of this SUMmation Security, subject to a maximum percentage increase during any month of 2.5%, which is referred to as the “Monthly Return Cap”. Each Monthly Return equals: (Ending Value-Starting Value) Starting Value subject to the Monthly Return Cap.
Supplemental Redemption Amount with respect to this ProGroS Security equals: Ending Value-Starting Value Principal Amount X --------------------------- Starting Value provided, however, that in no event will the Supplemental Redemption Amount be less than zero. The "Starting Value" equals _______________. The "Ending Value" will be determined by Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx Incorporated (the "Calculation Agent", which term includes any successor thereto) and will equal the Reorganization Event Value (as defined below under "Dilution Adjustments") with respect to a Reorganization Event, if any, plus the value of the Reference Property (as defined below) determined as follows: (A) for any portion of the Reference Property consisting of cash, the U.S. Dollar Equivalent (as defined herein) of such cash plus interest on such amount accruing from the date of the payment of such cash to holders of the relevant Reference Property for which such cash is being paid until the stated maturity date at a fixed interest rate determined on the date of such payment equal to the interest rate that would be paid on a fixed rate senior non-callable debt security of the Company with a term equal to the remaining term for the ProGroS Securities as determined by the Calculation Agent; (B) for any portion of the Reference Property consisting of property other than cash or Reference Securities, the U.S. Dollar Equivalent of the market value of such property on the date that such property was delivered to holders of the relevant Reference Property for which such property was being distributed plus interest on such U.S. dollar amount accruing from the date of such delivery until the stated maturity date at a fixed interest rate determined as described in (A) above; and (C) for any portion of the Reference Property consisting of Reference Securities, the average (arithmetic mean) of the Closing Prices of each such Reference Security determined on each of the first five Calculation Days during the Calculation Period. If there are fewer than five Calculation Days in the Calculation Period with respect to any such Reference Security, then the Ending Value shall be calculated using the average (arithmetic mean) of the Closing Prices of such Reference Security on such Calculation Days, and if there is only one Calculation Day, then the Ending Value shall be calculated using the Closing Price of such Reference Security on such Calculation Day. If no Calculation Days occur during the Calculation Period with resp...
Supplemental Redemption Amount with respect to each Unit of this PROCEEDS shall be determined by the Calculation Agent and shall equal: Ending Value - Threshold Value $10 X( -------------------------------) Threshold Value provided, however, that in no event shall the Supplemental Redemption Amount be less than zero.
Supplemental Redemption Amount with respect to this MITTS Security equals: Principal Amount x (Adjusted Ending Value - Starting Value) (--------------------------------------) ( Starting Value ) provided, however, that in no event will the Supplemental Redemption Amount be less than zero. The Starting Value equals ________. The Adjusted Ending Value will be determined by Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx, Incorporated (the "Calculation Agent") and will equal the average (arithmetic mean) of the closing values of the S&P 500 Index (the "Index") as adjusted by the Adjustment Factor (as defined below) (the "Adjusted Index Value") determined on each of the first five Calculation Days (as defined below) during the Calculation Period (as defined below). If there are fewer than five Calculation Days, then the Adjusted Ending Value will equal the average (arithmetic mean) of the closing values of the Adjusted Index Value on such Calculation Days, and if there is only one Calculation Day, then the Adjusted Ending Value will equal the closing value of the Adjusted Index Value on such Calculation Day. If no Calculation Days occur during the Calculation Period, then the Adjusted Ending Value will equal the closing value of the Adjusted Index Value determined on the last scheduled Index Business Day (as defined below) in the Calculation Period, regardless of the occurrence of a Market Disruption Event (as defined below) on such day. The "Adjustment Factor" equals ____% per annum and will be prorated based on a 365-day year and applied each calendar day during the term of the MITTS Securities to reduce the Index.