Underlier definition
Examples of Underlier in a sentence
If Umbrella or Excess policy is evidenced to comply with minimum limits, a copy of the Underlier Schedule from the Umbrella or Excess insurance policy may be required.
For the purposes of the Equity Definitions, a CFD Transaction in respect of which the specified Reference Underlier (as defined below) comprises a single share, two or more shares, a single index or two or more indices shall be, respectively, a Share CFD Transaction, a Share Basket CFD Transaction, an Index CFD Transaction and an Index Basket CFD Transaction.
Hedging Disruption: If Country of Underlier is Australia, Hong Kong, New Zealand or Singapore, not applicable.
Underlier: the S&P 500® Daily Risk Control 5% USD Excess Return Index (current Bloomberg symbol: “SPXT5UE Index”), or any successor underlier, as it may be modified, replaced or adjusted from time to time as provided herein Face amount: $8,892,000 in the aggregate on the original issue date; the aggregate face amount may be increased if the company, at its sole option, decides to sell an additional amount on a date subsequent to the trade date.
For information about the historical levels of the underlier during recent periods, see “The Underlier — Historical Closing Levels of the Underlier” below.