Common use of Interest Clause in Contracts

Interest. (A) Interest Amount If so specified in the applicable Final Terms, each Certificate pays interest from and including the Interest Commencement Date of the Certificates at the Interest Rate payable in arrear on each Interest Payment Date. The amount of interest payable in respect of each Certificate on each Interest Payment Date will amount to the Interest Amount (as defined below) for the Interest Period (as defined below) ending on (but excluding) such Interest Payment Date. If interest is required to be calculated for a period ending other than on (but excluding) an Interest Payment Date, it will be calculated on the basis of the number of days from and including the most recent Interest Payment Date (or, if none, the issue date of the Certificates) to but excluding the relevant payment date, and the relevant interest rate day count fraction as specified in the applicable Final Terms (the “Interest Rate Day Count Fraction”). Such Interest Rate and/or Interest Amount may be a fixed nominal (“Fixed Interest Certificates”) or floating (“Floating Rate Certificates”) interest rate or it may be determined by reference to (“Interest Indexed Certificates”), and the application of such Interest Rate and/or the payment of such Interest Amount may be limited or affected by, the performance of an Index, a Share, a Debt Security, a Commodity, an Inflation Index, a Fund Share or any other underlying security or any combination thereof in the manner specified in the applicable Final Terms and, for avoidance of doubt, the provisions in these Terms and Conditions relating to such Index, Share, Debt Security, Commodity, Inflation Index, Fund Share or other underlying security shall apply mutatis mutandis in the manner specified in the applicable Final Terms.