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.

(ii) the Calculation Ag<strong>en</strong>t shall, where practicable, <strong>de</strong>termine theRefer<strong>en</strong>ce Level in the manner set out in the rele<strong>van</strong>t Final Terms,or, if not set out or not so practicable, <strong>de</strong>termine the Refer<strong>en</strong>ceLevel in accordance with its good faith estimate of the Refer<strong>en</strong>ceLevel as of the Valuation Time on that eighth Scheduled TradingDay; or(ii)where the Notes are specified in the rele<strong>van</strong>t Final Terms to relateto a Basket of Indices, the Valuation Date for each In<strong>de</strong>x notaffected by the occurr<strong>en</strong>ce of a D<strong>is</strong>rupted Day shall be theScheduled Valuation Date, and the Valuation Date for each In<strong>de</strong>xaffected by the occurr<strong>en</strong>ce of a D<strong>is</strong>rupted Day (each an AffectedIn<strong>de</strong>x) shall be the first succeeding Scheduled Trading Day that <strong>is</strong>not a D<strong>is</strong>rupted Day relating to the Affected In<strong>de</strong>x, unless each ofthe eight Scheduled Trading Days immediately following theScheduled Valuation Date <strong>is</strong> a D<strong>is</strong>rupted Day relating to theAffected In<strong>de</strong>x. In that case (i) that eighth Scheduled Trading Dayshall be <strong>de</strong>emed to be the Valuation Date for the Affected In<strong>de</strong>x,notwithstanding the fact that such day <strong>is</strong> a D<strong>is</strong>rupted Day, and (ii)the Calculation Ag<strong>en</strong>t shall, where practicable, <strong>de</strong>termine theRefer<strong>en</strong>ce Level in the manner set out in the rele<strong>van</strong>t Final Termsor, if not set out or if not so practicable, <strong>de</strong>termine the Refer<strong>en</strong>ceLevel in accordance with its good faith estimate of the Refer<strong>en</strong>ceLevel as of the Valuation Time on that eighth Scheduled TradingDay.“Valuation Time”means:(i)(ii)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 asnot being a Multi-Exchange In<strong>de</strong>x, the Valuation Time specified inthe rele<strong>van</strong>t Final Terms or, if no Valuation Time <strong>is</strong> specified, theScheduled Closing Time on the rele<strong>van</strong>t Exchange on the rele<strong>van</strong>tdate in relation to each In<strong>de</strong>x to be valued. If the rele<strong>van</strong>t Exchangecloses prior to its Scheduled Closing Time and the specifiedValuation Time <strong>is</strong> after the actual closing time for its regular tradingsession, th<strong>en</strong> the Valuation Time shall be such actual closing time; orwhere 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, (A) for the purposes of <strong>de</strong>terminingwhether a Market D<strong>is</strong>ruption Ev<strong>en</strong>t has occurred: (x) in respect of aCompon<strong>en</strong>t Security, the Scheduled Closing Time on the rele<strong>van</strong>tExchange and (y) in respect of any options contracts or futurescontracts on the rele<strong>van</strong>t In<strong>de</strong>x, the close of trading on the rele<strong>van</strong>tRelated Exchange, and (B) in all other circumstances, the time atwhich the official closing level of the In<strong>de</strong>x <strong>is</strong> calculated andpubl<strong>is</strong>hed by the In<strong>de</strong>x Sponsor. If, for the purposes of (A) above, therele<strong>van</strong>t Exchange closes prior to its Scheduled Closing Time and thespecified Valuation Time <strong>is</strong> after the actual closing time for itsregular trading session, th<strong>en</strong> the Valuation Time shall be such actualclosing time.142

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

Saved successfully!

Ooh no, something went wrong!