Worst Performing Underlying Asset means the Underlying Asset with the lowest Underlying Asset Return, provided that if two or more Underlying Assets have the same lowest Underlying Asset Return, then the Issuer shall determine, in its discretion, which Underlying Asset shall be the Worst Performing Underlying Asset and such Underlying Asset shall be deemed to be the Worst Performing Underlying Asset.
Worst Performing Underlying Asset means the Underlying Asset with the lowest performance calculated as follows:FVP(i)IP(i)where:
Worst Performing Underlying Asset means, in respect of any day, the Underlying Asset with the lowest Asset Performance on the Final Valuation Date. "Asset Performance" means, in respect of an Underlying Asset and any day, the closing price of such Underlying Asset on such day divided by its Initial Price.Status of the Securities
Examples of Worst Performing Underlying Asset 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.
The actual payment amounts received by investors and the total return on the Notes resulting from this payment will depend on several variables, including the Initial Level and the Final Level of the Worst Performing Underlying Asset each as determined by the Calculation Agent.
Example 1: On the Final Valuation Date, the Underlying Asset Performance of the Worst Performing Underlying Asset is equal to 50%.
The return on the Notes at maturity is linked to the performance of the Worst Performing Underlying Asset and will depend on whether, and the extent to which, the Underlying Asset Performance of the Worst Performing Underlying Asset is positive or negative.
If the Final Level of the Worst Performing Underlying Asset is less than the Barrier Level, you will be fully exposed to any depreciation in the Worst Performing Underlying Asset based on a 1% loss for every 1% decline in the Final Level of the Worst Performing Underlying Asset, as compared to its Initial Level.
More Definitions of Worst Performing Underlying Asset
Worst Performing Underlying Asset means, in respect of any day, the Underlying Asset with the lowest Asset Performance for such day.
Worst Performing Underlying Asset means the Underlying Asset with the lowest Underlying Asset Return, provided that if two or more Underlying Assets have the same lowest Underlying Asset Return, then the Issuer shall determine, in its
Worst Performing Underlying Asset means, in respect of a scheduled trading day, the Underlying Asset with the lowest Asset Performance on such day.
Worst Performing Underlying Asset means the Underlying Asset with the lowest Underlying Asset Return, provided that if two or more Underlying Assets have the same lowest Underlying Asset Return, then the Issuer shall determine, in its discretion, which Underlying Asset shall be the Worst Performing Underlying Asset and such Underlying Asset shall be deemed to be the Worst Performing Underlying Asset. 2. Coupon Amounts If so provided in the relevant Final Terms, the Securities shall entitle the Securityholders to a payment of an amount (the "Coupon Amount") per Security on a Coupon Payment Date calculated in accordance with paragraph (a) and/or (b) below.
Worst Performing Underlying Asset means the Underlying Asset with the lowest Asset Performance on the Final Valuation Date.Status of the SecuritiesThe Securities are direct, unsubordinated and unsecured obligations of the Issuer and rank equally among themselves.Description of restrictions on free transferability of the SecuritiesThe Securities are offered and sold outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act and must comply with transfer restrictions with respect to the United States. Securities held in a clearing system will be transferred in accordance with the rules, procedures and regulations of that clearing system. Subject to the foregoing, the Securities will be freely transferable.it is determined that an unlawfulness or impracticability event has occurred, the Issuer may early redeem the Securities by payment of an Early Cash Settlement Amount. If early redemption occurs, you may lose some or all of your investment because the Early Cash Settlement Amount may be lower than the price at which you purchase the Securities, or may even be zero. You will also lose the opportunity to participate in any subsequent positive performance of the Underlying Asset(s) and be unable to realise any potential gains in the value of the Securities. You may not be able to reinvest the proceeds from an investment at a comparable return and/or with a comparable interest or coupon rate for a similar level of risk. This feature may limit the market value of the Securities.
Worst Performing Underlying Asset means, in relation to a Scheduled Trading Day, the Underlying Asset with the lowest Performance on such day, provided that, in each case,
Worst Performing Underlying Asset means, in respect of any day, the Underlying Asset with the lowest Asset Performance for such day. B – Automatic Redemption (Autocall) The Securities will automatically redeem if the value of performance calculated in respect of the closing price or level of the worst-performing Underlying Asset is at or above its corresponding Autocall Barrier Percentage on any Autocall Valuation Date. If this occurs, you will receive a cash payment equal to the nominal amount of your securities multiplied by 100 per cent. payable on the Autocall Redemption Date corresponding to such Autocall Valuation Date. Autocall Valuation DateAutocall Redemption DateAutocall Barrier Percentage7 June 20185 July 2018100.00 per cent.7 June 20195 July 201990.00 per cent.8 June 20206 July 202090.00 per cent.7 June 20215 July 202190.00 per cent. C – Issuer Optional Early Redemption Not Applicable D – Final Redemption If the Securities have not otherwise redeemed (or have not redeemed due to Automatic Redemption (Autocall)), each Security will be redeemed on 5 July 2022 (the "Scheduled Redemption Date") by payment of the Final Cash Settlement Amount. The Final Cash Settlement Amount is calculated as follows: