Underlying Level definition

Underlying Level means, in respect of the Underlying, the level of such Underlying determined by the Calculation Agent.
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Underlying Level means the Preference Share Value.
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Underlying Level means the price or level of an Underlying Interest or any component thereof as at a specified date.
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Examples of Underlying Level in a sentence

  • The terms used herein for the purposes of calculating the redemption amount in respect of Preference Share Redemption Amount 1 (Single Underlying Level) shall have the same meaning as the defined terms used in Preference Share Variable Condition 4.1. See "Description of the Preference Shares – Part 2: Specific Terms and Conditions (Part B: Key Terms (variable))" below.


More Definitions of Underlying Level

Underlying Level means, in respect of the Underlying and any relevant day, the official closing level for the Underlying on such day, or if such day is not a Calculation Date in respect of the Underlying, the official closing level of the Underlying in respect of the immediately preceding Calculation Date.
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Underlying Level means, in respect of a Valuation Date, the FX Rate observed continuously during such Valuation Date, as determined by the Calculation Agent by reference to the relevant Exchange Rate(s).
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Underlying Level means, in respect of a Security Index and a Valuation Date or Averaging Date, as applicable, the level of such Security Index observed continuously during such Valuation Date or Averaging Date, as applicable, as displayed on the applicable Electronic Page.
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Related to Underlying Level

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) ▇▇▇▇▇’▇ is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index (other than a Multiple Exchange Index), the closing level of such Index at the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), all as determined by the Calculation Agent.

  • Maximum Index Level means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: