JPMORGAN CHASE & CO. - Irish Stock Exchange
JPMORGAN CHASE & CO. - Irish Stock Exchange
JPMORGAN CHASE & CO. - Irish Stock Exchange
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determined by the Calculation Agent) the ability of market participants in general<br />
(A) to effect transactions in, or obtain market values for, on any relevant<br />
<strong>Exchange</strong>(s) securities/commodities that comprise 20 per cent. or more of the level<br />
of the relevant Index, or (B) to effect transactions in, or obtain market values for,<br />
futures or options contracts relating to the relevant Index on any relevant Related<br />
<strong>Exchange</strong>,<br />
which in either case the Calculation Agent determines is material; or<br />
(b)<br />
the closure on any <strong>Exchange</strong> Business Day of any relevant <strong>Exchange</strong>(s) relating to<br />
securities/commodities that comprise 20 per cent. or more of the level of the relevant Index<br />
or any Related <strong>Exchange</strong>(s) prior to its Scheduled Closing Time unless such earlier closing<br />
time is announced by such <strong>Exchange</strong>(s) or such Related <strong>Exchange</strong>(s), as the case may be, at<br />
least one hour prior to the earlier of (A) the actual closing time for the regular trading session<br />
on such <strong>Exchange</strong>(s) or such Related <strong>Exchange</strong>(s) on such <strong>Exchange</strong> Business Day or, if<br />
earlier, (B) the submission deadline for orders to be entered into the <strong>Exchange</strong> or Related<br />
<strong>Exchange</strong> system for execution at the Valuation Time on such <strong>Exchange</strong> Business Day.<br />
For the purposes of determining whether a Market Disruption Event in respect of an Index exists at<br />
any time, if a Market Disruption Event occurs in respect of a security/commodity included in the<br />
Index at any time, then the relevant percentage contribution of that security/commodity to the level of<br />
the Index shall be based on a comparison of (i) the portion of the level of the Index attributable to that<br />
security/commodity and (ii) the overall level of the Index, in each case immediately before the<br />
occurrence of such Market Disruption Event.<br />
“Redemption Amount” means the Redemption Amount specified in the applicable Final Terms or<br />
Prospectus or, if no such amount is specified in the applicable Final Terms or Prospectus, an amount<br />
equal to:<br />
(A)<br />
in the case of a Call Index Linked Redemption Note,<br />
Reference Price x Specified Amount; or<br />
Strike Price<br />
(B)<br />
in the case of a Put Index Linked Redemption Note,<br />
Strike Price x Specified Amount,<br />
Reference Price<br />
provided always that the Redemption Amount shall in no event be less than zero. The Redemption<br />
Amount will be rounded to the nearest two decimal places (or, in the case of Japanese Yen, the nearest<br />
whole unit) in the Specified Currency, 0.005 (or, in the case of Japanese Yen, half of one unit) being<br />
rounded upwards.<br />
“Reference Price” means:<br />
(A)<br />
(B)<br />
where the Notes are specified in the applicable Final Terms or Prospectus to relate to a single<br />
Index, an amount (which shall be deemed to be an amount of the Specified Currency) equal<br />
to the official closing level of the Index as determined by the Calculation Agent (or if a<br />
Valuation Time other than the Scheduled Closing Time is specified in the applicable Final<br />
Terms or Prospectus, the level of the Index determined by the Calculation Agent at such<br />
Valuation Time) on the Valuation Date (as defined below), without regard to any<br />
subsequently published correction; and<br />
where the Notes are specified in the applicable Final Terms or Prospectus to relate to a<br />
Basket of Indices, an amount (which shall be deemed to be an amount of the Specified<br />
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