## Examples of *Underlying Reference Value* in a sentence

**Underlying Reference Value**means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price.**Underlying Reference Value**means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the Underlying Reference Strike Price.FR Barrier Value means, in respect of a SPS FR Barrier Valuation Date, the

**Underlying Reference Value**.Worst Value means, in respect of a SPS Valuation Date, the lowest

**Underlying Reference Value**for any Underlying Reference in the Basket in respect of such SPS Valuation Date.**Underlying Reference Value**means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date(ii) divided by the Underlying Reference Strike Price.