Worst Performing Underlying means the Share with the lowest Performance. If the Issuer determines that the lowest Performance is the same for more than one of the Shares, then the Issuer shall decide in its reasonable discretion (billiges Ermessen) (§ 315 BGB) which of the Shares shall be the Worst Performing Underlying. BONUS AMOUNT Subject to the provisions contained in § 5, each Certificateholder is entitled to receive the relevant Bonus Amount per Certificate on a Bonus Amount Payment Date, if on the Valuation Date directly preceding the relevant Bonus Amount Payment Date the Reference Price of at least one Underlying is equal to or above 80% of the relevant Strike Price. In all other cases, a Bonus Amount shall not be payable on the relevant Bonus Amount Payment Date. MATURITY Subject to the provisions contained in § 5, each Certificate shall be redeemed on the Maturity Date by the payment of an amount in the Issue Currency (the "Settlement Amount"), as determined by the Issuer in accordance with the following provisions:

Worst Performing Underlying means the Underlying with the lowest Underlying Performance with respect to the Final Valuation Date. If the Issuer determines that two or more Underlyings have the same Underlying Performance, the Issuer shall decide in its own reasonable discretion (billiges Ermessen) (§ 315 German Civil Code (BGB)) which of the Underlyings shall be the Worst Performing Underlying. MATURITY

Worst Performing Underlying means the Underlying for which the performance is the lowest in accordance with the definition of WOfinal.

Examples of Worst Performing Underlying in a sentence

These examples are provided for purposes of illustration only and we make no representations or warranty as to which of the Underlying Assets will be the Worst Performing Underlying Asset for purposes of calculating the Redemption Amount at Maturity.
On the Final Valuation Date, the Final Closing Price of the Worst Performing Underlying Security is at or above its Protection Barrier Price.
If the Underlying Preference Share Reference Asset(s) performs in such a way so that the Final Performance of the Worst Performing Underlying Preference Share Reference Asset is less than its Knock-in Barrier Percentage on such specified date, the value of and return on the Underlying Preference Share and, in turn, the Securities may be dramatically less that if the level of the Underlying Preference Share Reference Asset(s) had reached or crossed the 'barrier'.
Importantly this also means that the Final Value will be zero if the Closing Price of the Worst Performing Underlying has fallen by 100% between the Strike Date and the Maturity Date.
In turn, the investor is exposed to the risk of loss due to a decreasing value of the Underlyings because the Redemption Amount the investor will receive on the Maturity Date is, under specified conditions, linked to the price of the Worst Performing Underlying on the final Valuation Date.

More Definitions of Worst Performing Underlying

Worst Performing Underlying with respect to an Underlying means the Underlying with the lowest Performance determined with respect to the Final Valuation Date. If the Issuer determines that two or more of the Underlyings have the same lowest Performance on the Final Valuation Date, then the Issuer shall decide in its own reasonable discretion which of the Underlyings shall be the Worst Performing Underlying.

Worst Performing Underlying means the Underlying with the lowest Underlying Performance. If the Issuer determines that the lowest Underlying Performance is the same for more than one Underlyings, the Issuer shall decide in its reasonable discretion (billiges Ermessen) (§ 315 BGB) which of the Underlyings shall be the Worst Performing Underlying. FIXED AMOUNT Subject to the provisions contained in § 5, each Certificateholder is entitled to receive from the Issuer on a Fixed Amount Payment Date the Fixed Amount per Certificate if on the relevant Fixed Amount Valuation Date directly preceding the relevant Fixed Amount Payment Date the Reference Price of each Underlying is equal to or above 60% of the relevant Initial Price. MATURITY Subject to the provisions contained in § 5, the Certificates shall be redeemed on the Maturity Date by the payment of an amount in the Issue Currency (the "Redemption Amount") determined by the Issuer in accordance with the following provisions:

Worst Performing Underlying means the Share in the Share Basket with the lowest Final Underlying Performance, as determined by the Calculation Agent. In the event that two or more Shares in the Share Basket have the same lowest Final Underlying Performance, then the Calculation Agent shall determine in its sole and absolute discretion which of the Shares shall be the Worst Performing Underlying, and such Share as so selected shall be deemed the Worst Performing Underlying.

Worst Performing Underlying means the Index in the Index Basket with the lowest Underlying Performance, as determined by the Calculation Agent. In the event that two or more of the Indices have the same lowest Underlying Performance, then the Calculation Agent shall determine in its sole and absolute discretion which of such Indices shall be the Worst Performing Underlying, and such Index as so selected shall be deemed the Worst Performing Underlying

Worst Performing Underlying definition

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