Maximum Index Level definition

Maximum Index Level means the highest Spot Level of the Index during the MCE Valuation Period; and

Maximum Index Level means the highest Spot Level during the MCE Valuation Period;

Maximum Index Level means the highest Spot Level during the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Stock Exchange.

Maximum Index Level means, in respect of a series of bear CBBCs, the highest Spot Level of the Index during the MCE Valuation Period;“MCE Valuation Period” means, subject to any extension (as described in further details in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and“Spot Level” means the spot level of the Index as compiled and published by the Index Compiler.If the Residual Value is equal to or less than the Exercise Expenses (if any), you will lose all of your investment.At expiryIf a Mandatory Call Event has not occurred during the Observation Period, the CBBCs will be terminated on the Expiry Date.A bull CBBC will be automatically exercised at expiry without the need for the holder to deliver an exercise notice if the Closing Level is above the Strike Level. The more the Closing Level is above the Strike Level, the higher the payoff at expiry. If the Closing Level is at or below the Strike Level, you will lose all of your investment in the bull CBBC.A bear CBBC will be automatically exercised at expiry without the need for the holder to deliver an exercise notice if the Closing Level is below the Strike Level. The more the Closing Level is below the Strike Level, the higher the payoff at expiry. If the Closing Level is at or above the Strike Level, you will lose all of your investment in the bear CBBC.Upon the automatic exercise of the CBBCs, the holder is entitled to a cash amount called the “Cash Settlement Amount” net of any Exercise Expenses (as defined under the heading “Exercise Expenses” in the sub-section titled “What are the fees and charges?” below) according to the terms and conditions in the Listing Documents. If the Cash Settlement Amount is equal to or less than the Exercise Expenses (if any), you will lose all of your investment in the CBBCs.

Maximum Index Level means the maximum index level of the Index during the period from the time of the occurrence of the Mandatory Call Event up to the end of the next trading session (such next trading session, the “Pricing Session”) for callable bull/bear contracts on Hong Kong indices as compiled by HSIC on the Stock Exchange; provided that if the Issuer determines, in its sole discretion, that a Market Disruption Event has occurred in any Pricing Session, such Pricing Session shall be postponed to the first succeeding trading session not affected by a Market Disruption Event, unless there is a Market Disruption Event occurring in each of the trading sessions in the four Business Days immediately following the original date of the trading session that, but for the Market Disruption Event, would have been the Pricing Session. In that case (1) the last trading session on such fourth Business Day shall be deemed to be the Pricing Session, notwithstanding the Market Disruption Event, and (2) the Issuer shall determine the Maximum Index Level on the basis of its good faith estimate of such level that would have prevailed but for the Market Disruption Event during such last trading session. For the avoidance of doubt: (1) a Pricing Session may take place on or after the Valuation Date; (2) no postponement will be made in respect of any Market Disruption Event occurring during the trading session in which the Mandatory Call Event occurs; and (3) a postponement of the Pricing Session to a later trading session would not result in the index levels of the Index that were published after the Mandatory Call Event but before the occurrence of the Market Disruption Event being excluded from the determination of the Maximum Index Level.

Maximum Index Level means the highest Observation Level in respect of any Observation Date, as determined by the Calculation Agent, Provided That if two or more Observation Dates have the same highest Observation Level then such Observation Level shall be the Maximum Index Level.

Maximum Index Level means 20,975.30; and “Strike Level” means 21,200.

Maximum Index Level means the highest Spot Level of the Index during the MCE Valuation Period, being 26,043.64

Maximum Index Level means the highest Spot Level of the Index during the MCE Valuation Period, being 21,385.30