Average Index Level definition

Average Index Level means the arithmetic average of the Index Level on each of the Calculation Dates.
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Average Index Level means, in respect of an Index and an Automatic Early Redemption Valuation Date, a Coupon Trigger Valuation Date or the determination of the Final Redemption Amount (as applicable), the arithmetic average of the Averaging Index Levels relating to such Automatic Early Redemption Valuation Date, Coupon Trigger Valuation Date or (as the case may be) such determination of the Final Redemption Amount, as determined by the Calculation Agent, rounded up to four decimal places (with 0.00005 being rounded up);
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Average Index Level means the arithmetic mean (rounded to the nearest four (4) decimal places, 0.00005 rounded upwards) of the Closing Levels of the Index on each Observation Date, as calculated by the Calculation Agent.
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Examples of Average Index Level in a sentence

  • If the Monthly Average Index Level is equal to or less than the Initial Index Level, then there shall be no Index Return Payment.

  • The Index Return Payment shall equal: (i) the principal amount hereof; multiplied by (ii) the Upside Participation Rate; multiplied by (iii) a fraction, the numerator of which shall equal the amount, if any, by which the Monthly Average Index Level exceeds the Initial Index Level and the denominator of which is the Initial Index Level.

  • The Calculation Agent shall determine the Index Level on each Calculation Date, the Average Index Level and the Maturity Payment Amount payable for each Security.

  • The Calculation Agent shall determine the Index Level on each Calculation Date, the Average Index Level and the Payment Amount payable for each Security.

  • The Additional Index Return Payment shall equal: (i) the principal amount hereof; multiplied by (ii) the Upside Participation Rate; multiplied by (iii) a fraction, the numerator of which shall equal the amount, if any, by which the Monthly Average Index Level exceeds the Strike Index Level and the denominator of which is the Strike Index Level.

  • The Index Return Payment shall equal (a) (i) the principal amount hereof; multiplied by (ii) the Upside Participation Rate; multiplied by (iii) a fraction, the numerator of which shall equal the amount, if any, by which the Monthly Average Index Level exceeds the Initial Index Level and the denominator of which is the Initial Index Level.


More Definitions of Average Index Level

Average Index Level means the arithmetic average of the highest Closing Level of the Dow Jones Industrial Average in each of the 84 calendar months from and including May 2003 to and including April 2010. The highest Closing Level in any calendar month will be the highest Closing Level on a Trading Day during that calendar month on which there is not a Market Disruption Event.
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Average Index Level means the arithmetic average of seven annual Closing Levels of the Dow Jones Industrial Average on the last Trading Day of each April beginning April 2005 and ending April 2011. If a Market Disruption Event occurs or is continuing on any such last Trading Day, the Closing Level of the Dow Jones Industrial Average on the first subsequent Trading Day on which there is not a Market Disruption Event will be used to calculate the Average Index Level.
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Average Index Level means the value of the Index determined in accordance with the following formula:
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Average Index Level means the average of the Index Levels as of the specified Averaging Dates (being nine periodic dates during the term of the Notes); and
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Average Index Level means the arithmetic average of six annual Closing Levels of the S&P 500 Index on the Measurement Dates.
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Related to Average Index Level

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index (other than a Multiple Exchange Index), the closing level of such Index at the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), all as determined by the Calculation Agent.

  • Minimum Index Level means, in respect of a series of bull CBBCs, the lowest Spot Level of the Index during the MCE Valuation Period.

  • Maximum Index Level means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;

  • Final Index Level : means the Closing Level of the FTSE 100 Index on the Investment End Date.

  • Index Value means, in relation to any Reference Rate Business Day: