Worst Performance (k) definition
Worst Performance (k) means, with respect to all Basket Componentsi and an Early Redemption Observation Date (k), the Worst Performance (k) as calculated by the Calculation Agent as follows:
Worst Performance (k) means the Performance of the Basket Componentj (k) specified as follows:
Worst Performance (k) means with respect to the respective Observation Date (k), the performance of the Basket Componenti with the worst (lowest) performance. With respect to the respective Observation Date (k), the performance of each Basket Componenti is calculated by the Calculation Agent as Ki (k) divided by Ki (initial).
More Definitions of Worst Performance (k)
Worst Performance (k) means the Performance of the Basket Componentj (k) specified as follows: Performance of the Basket Componentj (k) = mini=1,…,N[Ki (k) / Ki (initial)]