Initial Reference Portfolio Level definition
Initial Reference Portfolio Level means the Reference Portfolio Level on the Pricing Date.
Initial Reference Price means the official closing price of the Underlying Share on Strike Date.
Initial Reference Pricei means as specified in the above table at item 15 (A) (i);
Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period.
Reference Portfolio Return means on any day, the weighted average return of the Reference Assets calculated as the sum of the Weighted Reference Asset Return of each of the Reference Assets comprising the Reference Portfolio.
Term SOFR Reference Rate means the forward-looking term rate based on SOFR.