Underlying Index Level definition
Underlying Index Level means, in respect of an Underlying Index, the level of such Underlying Index calculated and published by the Underlying Index Calculation Agent.
Underlying Index Level. , “UI(t)” means in respect of any Index Calculation Date (t), the closing level of the Underlying Index as of such Index Calculation Date (t);
Underlying Index Level means, in respect of the Top Index or the Bottom Index, as applicable, the ‘Portfolio Level’ as defined in the Underlying Index Rules in respect of the relevant index.