Underlying Reference FX Strike Level definition

Underlying Reference FX Strike Level means, in respect of an Underlying Reference, the Underlying Reference FX Level for such Underlying Reference on the Strike Date, where FX Closing Level is applicable. Payout Switch: Not applicable.
Underlying Reference FX Strike Level means, in respect of an Underlying Reference, the Underlying Reference FX Level for such Underlying Reference on the Strike Date, where FX Closing Level is applicable; "Gearing Down" means -100 per cent.; "Option Down" means Down Put Spread;