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c<strong>en</strong>t. or more of the level of the rele<strong>van</strong>t In<strong>de</strong>x or any RelatedExchange(s) prior to its Scheduled Closing Time unless such earlierclosing time <strong>is</strong> announced by such Exchange(s) or such RelatedExchange(s), as the case may be, at least one hour prior to the earlierof (A) the actual closing time for the regular trading session on suchExchange(s) or such Related Exchange(s) on such ExchangeBusiness Day or, if earlier, (B) the subm<strong>is</strong>sion <strong>de</strong>adline for or<strong>de</strong>rs tobe <strong>en</strong>tered into the Exchange or Related Exchange system forexecution at the Valuation Time on such Exchange Business Day.For the purposes of <strong>de</strong>termining whether a Market D<strong>is</strong>ruption Ev<strong>en</strong>t inrespect of an In<strong>de</strong>x ex<strong>is</strong>ts at any time, if a Market D<strong>is</strong>ruption Ev<strong>en</strong>t occurs inrespect of a security/commo<strong>dit</strong>y inclu<strong>de</strong>d in the In<strong>de</strong>x at any time, th<strong>en</strong> therele<strong>van</strong>t perc<strong>en</strong>tage contribution of that security/commo<strong>dit</strong>y to the level ofthe In<strong>de</strong>x shall be based on a compar<strong>is</strong>on of (i) the portion of the level of theIn<strong>de</strong>x attributable to that security/commo<strong>dit</strong>y and (ii) the overall level of theIn<strong>de</strong>x, in each case immediately before the occurr<strong>en</strong>ce of such MarketD<strong>is</strong>ruption Ev<strong>en</strong>t.(ii)(A)where the rele<strong>van</strong>t In<strong>de</strong>x <strong>is</strong> specified in the rele<strong>van</strong>t Final Terms asbeing a Multi-Exchange In<strong>de</strong>x:the occurr<strong>en</strong>ce or ex<strong>is</strong>t<strong>en</strong>ce, in respect of any Compon<strong>en</strong>t Security,of:(x)(y)(z)a Trading D<strong>is</strong>ruption in respect of such Compon<strong>en</strong>tSecurity, which the Calculation Ag<strong>en</strong>t <strong>de</strong>termines <strong>is</strong>material, at any time during the one hour period that <strong>en</strong>ds atthe rele<strong>van</strong>t Valuation Time in respect of the Exchange onwhich such Compon<strong>en</strong>t Security <strong>is</strong> principally tra<strong>de</strong>d; oran Exchange D<strong>is</strong>ruption in respect of such Compon<strong>en</strong>tSecurity, which the Calculation Ag<strong>en</strong>t <strong>de</strong>termines <strong>is</strong>material, at any time during the one hour period that <strong>en</strong>ds atthe rele<strong>van</strong>t Valuation Time in respect of the Exchange onwhich such Compon<strong>en</strong>t Security <strong>is</strong> principally tra<strong>de</strong>d; oran Early Closure in respect of such Compon<strong>en</strong>t Security;andthe aggregate of all Compon<strong>en</strong>t Securities in respect of which aTrading D<strong>is</strong>ruption, an Exchange D<strong>is</strong>ruption or an Early Closureoccurs or ex<strong>is</strong>ts compr<strong>is</strong>es 20 per c<strong>en</strong>t. or more of the level of theIn<strong>de</strong>x; or(B)the occurr<strong>en</strong>ce or ex<strong>is</strong>t<strong>en</strong>ce, in each case in respect of futures oroption contracts relating to the In<strong>de</strong>x, of (x) a Trading D<strong>is</strong>ruption, or(y) an Exchange D<strong>is</strong>ruption, which in either case the CalculationAg<strong>en</strong>t <strong>de</strong>termines <strong>is</strong> material, at any time during the one hour periodthat <strong>en</strong>ds at the Valuation Time in respect of the Related Exchangeor (z) an Early Closure.For the purposes of <strong>de</strong>termining whether a Market D<strong>is</strong>ruption Ev<strong>en</strong>t ex<strong>is</strong>ts in138

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