Initial Index Level definition

Initial Index Level means the closing level of the FTSE 100 on the Start Date.

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Initial Index Level means in respect of an Index the initial level of such Index on the initial valuation date.

Initial Index Level means the closing level of the FTSE 100 on the Start Date. ‘Investec’ means Investec Bank plc.

Examples of Initial 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 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.
If the Final Index Level is below the Protection Level, the Payment at Maturity could be exposed to the 90% of the decline in the Underlying Index (from its Initial Index Level) as specified in the Payment at Maturity section above.
Index Disruption: Calculation Agent Adjustment Determining Party: [Party A] [Party A and Party B]12 Calculation Agent Adjustment: For the purposes of an Index Disruption or Index Modification, Section 11.1(b) of the Equity Definitions shall be amended by replacing references to "Valuation Date" with "Observation Day or the Observation Start Date (as applicable)” and adding "Pt, Initial Index Level,", after the words "calculate the relevant" on the 4th line of subsection (A).

More Definitions of Initial Index Level

Initial Index Level means in respect of an Index and subject to Adjustment Provisions the Index Level of such Index on the Initial Valuation Date for such Index.

Initial Index Level means in respect of an Indexand subject to Adjustment Provisions the Index Level of such Indexon the Initial Valuation Date for such Index.

Initial Index Level. : means the Closing Level of the FTSE 100 Index or the EURO STOXX 50 Index, as the case may be, on the Investment Start Date.

Initial Index Level means the Index Level of the Index on the Strike Date.

Initial Index Level means, in relation to an Index, subject to the Adjustment Provisions, the Index Level of such Index on the Strike Date.

Initial Index Level means in respect of an Index and subject to Adjustment Provisions the level specified as such in the definition of Indices above, being the Index Level for such Index as of the Strike Date for such Index.

Initial Index Level. : means the Closing Level of the Index on the Investment Start Date