10.07.2015 Views

Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

good faith estimate of the Refer<strong>en</strong>ce Level as of the Valuation Timeon that eighth Scheduled Trading Day.“Observation Period”“Refer<strong>en</strong>ce Level”means the period specified as such in the rele<strong>van</strong>t Final Terms.means:(i)(ii)where the Notes are specified in the rele<strong>van</strong>t Final Terms to relate toa single In<strong>de</strong>x, an amount (which shall be <strong>de</strong>emed to be an amountof the Specified Curr<strong>en</strong>cy) equal to the official closing level of theIn<strong>de</strong>x publ<strong>is</strong>hed by the In<strong>de</strong>x Sponsor on the rele<strong>van</strong>t date, as<strong>de</strong>termined by the Calculation Ag<strong>en</strong>t (or, if a Valuation Time otherthan the Scheduled Closing Time <strong>is</strong> specified in the rele<strong>van</strong>t FinalTerms, the level of the In<strong>de</strong>x <strong>de</strong>termined by the Calculation Ag<strong>en</strong>t atsuch Valuation Time on the rele<strong>van</strong>t date) (or if, in the opinion ofthe Calculation Ag<strong>en</strong>t, no such official closing level (or, as the casemay be, level at the Valuation Time on the rele<strong>van</strong>t date, if aValuation Time <strong>is</strong> specified in the rele<strong>van</strong>t Final Terms) can be<strong>de</strong>termined at such time, unless D<strong>is</strong>rupted Day <strong>is</strong> specified asapplicable in the rele<strong>van</strong>t Final Terms and the rele<strong>van</strong>t date <strong>is</strong> aD<strong>is</strong>rupted Day, the Calculation Ag<strong>en</strong>t’s good faith estimate of thevalue of the In<strong>de</strong>x as of the actual closing time of the Exchange onthe rele<strong>van</strong>t date (or the value of the In<strong>de</strong>x at the Valuation Time onthe rele<strong>van</strong>t date, if Valuation Time <strong>is</strong> specified in the rele<strong>van</strong>t FinalTerms)); andwhere the Notes are specified in the rele<strong>van</strong>t Final Terms to relate toa Basket of Indices, an amount (which shall be <strong>de</strong>emed to be anamount of the Specified Curr<strong>en</strong>cy) equal to the sum of the valuescalculated for each In<strong>de</strong>x as the official closing level of each In<strong>de</strong>xas publ<strong>is</strong>hed by the In<strong>de</strong>x Sponsor on the rele<strong>van</strong>t date, as<strong>de</strong>termined by the Calculation Ag<strong>en</strong>t (or, if a Valuation Time otherthan the Scheduled Closing Time <strong>is</strong> specified in the rele<strong>van</strong>t FinalTerms, the level of each In<strong>de</strong>x <strong>de</strong>termined by the Calculation Ag<strong>en</strong>tat such Valuation Time on the rele<strong>van</strong>t date) (or if, in the opinion ofthe Calculation Ag<strong>en</strong>t, no such official closing level (or level at theValuation Time on the rele<strong>van</strong>t date, if a Valuation Time <strong>is</strong> specifiedin the rele<strong>van</strong>t Final Terms) can be <strong>de</strong>termined at such time, unlessD<strong>is</strong>rupted Day <strong>is</strong> specified as applicable in the rele<strong>van</strong>t Final Termsand the rele<strong>van</strong>t date <strong>is</strong> a D<strong>is</strong>rupted Day, the Calculation Ag<strong>en</strong>t’sgood faith estimate of the value of the In<strong>de</strong>x as of the actual closingtime of the Exchange on the rele<strong>van</strong>t date (or the value of the In<strong>de</strong>xat the Valuation Time on the rele<strong>van</strong>t date, if Valuation Time <strong>is</strong>specified in the rele<strong>van</strong>t Final Terms)), multiplied by the rele<strong>van</strong>tMultiplier specified in the rele<strong>van</strong>t Final Terms.“Related Exchange”means, in relation to an In<strong>de</strong>x, each exchange or quotation system specifiedas such for such In<strong>de</strong>x in the rele<strong>van</strong>t Final Terms, any successor to suchexchange or quotation system or any substitute exchange or quotationsystem to which trading in futures or options contracts relating to such In<strong>de</strong>xhas temporarily relocated (provi<strong>de</strong>d that the Calculation Ag<strong>en</strong>t has<strong>de</strong>termined that there <strong>is</strong> comparable liqui<strong>dit</strong>y relative to the futures oroptions contracts relating to such In<strong>de</strong>x on such temporary substitute140

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!