Final Index Level definition
Examples of Final Index Level in a sentence
The Calculation Agent will calculate the Final Index Level and the Alternative Redemption Amount with reference to the Index or such Successor Index, as adjusted.
The Calculation Agent shall also be responsible for (a) the determination of the Maturity Payment Amount, (b) the determination of whether adjustments to the Closing Level should be made, (c) the determination of the Final Index Level, (d) the determination of the Successor Index or Final Index Level if publication of the Index is discontinued and (e) the determination of whether a Market Disruption Event has occurred.
The Calculation Agent shall determine (i) the Final Index Level and (ii) the amount payable on the Stated Maturity Date for each $1,000 principal amount of Securities (the "Maturity Payment Amount").
If the publisher of a Relevant Index discontinues publication of such index and the Calculation Agent determines that no successor or substitute index is available at such time, or if the publisher of such Relevant Index fails to calculate and publish the closing level for the Relevant Index on the Valuation Date in accordance with customary practice, then, on such date, the Calculation Agent shall determine the Final Index Level of the Relevant Index to be used.
Except in the event of an automatic exercise (as described in Section 2.07 hereof), in connection with any exercise of Warrants, the related Exercise Notice may specify that such exercise is subject to the condition that the Final Index Level that would otherwise be used to determine the Cash Settlement Value of such Warrants shall not have declined by five percent (5%) or more from the Limit Option Index Level for such Warrants.