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

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9. Fund Linked Notes(a)Re<strong>de</strong>mption of Fund Linked Re<strong>de</strong>mption NotesUnless previously re<strong>de</strong>emed or purchased and cancelled, each Fund Linked Re<strong>de</strong>mption Note will bere<strong>de</strong>emed by the Issuer on the Maturity Date at the Final Re<strong>de</strong>mption Amount specified in, or<strong>de</strong>termined in the manner specified in, the rele<strong>van</strong>t Final Terms.(b)Adjustm<strong>en</strong>ts in relation to a Trigger Ev<strong>en</strong>tEach of the following ev<strong>en</strong>ts in respect of a Refer<strong>en</strong>ce Fund, as <strong>de</strong>termined by the Calculation Ag<strong>en</strong>tin its sole and absolute d<strong>is</strong>cretion, constitutes a “Trigger Ev<strong>en</strong>t”:(i)(ii)(iii)all the Fund Interests or all or substantially all the assets of a Refer<strong>en</strong>ce Fund are national<strong>is</strong>ed,expropriated or are otherw<strong>is</strong>e required to be transferred to any governm<strong>en</strong>tal ag<strong>en</strong>cy,authority, <strong>en</strong>tity or instrum<strong>en</strong>tality thereof (a “National<strong>is</strong>ation”);by reason of the voluntary or involuntary liquidation, bankruptcy, insolv<strong>en</strong>cy, d<strong>is</strong>solution orwinding-up of or any analogous proceeding affecting a Refer<strong>en</strong>ce Fund, (i) all the FundInterests of that Refer<strong>en</strong>ce Fund are required to be transferred to a trustee, liquidator or othersimilar official or (ii) hol<strong>de</strong>rs of the Fund Interests of that Refer<strong>en</strong>ce Fund become legallyprohibited from transferring or re<strong>de</strong>eming them (an “Insolv<strong>en</strong>cy”);the Refer<strong>en</strong>ce Fund or a Fund Service Provi<strong>de</strong>r:(A)(B)<strong>is</strong> d<strong>is</strong>solved or has a resolution passed for its d<strong>is</strong>solution, winding-up, officialliquidation (other than pursuant to a consolidation, amalgamation or merger);makes a g<strong>en</strong>eral assignm<strong>en</strong>t, arrangem<strong>en</strong>t or composition with or for the b<strong>en</strong>efit ofits cre<strong>dit</strong>ors;(C) (I) institutes or has instituted against it, by a regulator, superv<strong>is</strong>or or any similarofficial with primary insolv<strong>en</strong>cy, rehabilitative or regulatory jur<strong>is</strong>diction overit in the jur<strong>is</strong>diction of its incorporation or organ<strong>is</strong>ation or the jur<strong>is</strong>diction ofits head or home office, a proceeding seeking a judgm<strong>en</strong>t of insolv<strong>en</strong>cy orbankruptcy or any other relief un<strong>de</strong>r any bankruptcy or insolv<strong>en</strong>cy law orother similar law affecting cre<strong>dit</strong>ors’ rights, or a petition <strong>is</strong> pres<strong>en</strong>ted for itswinding-up or liquidation by it or such regulator, superv<strong>is</strong>or or similarofficial; or(II)has instituted against it a proceeding seeking a judgm<strong>en</strong>t of insolv<strong>en</strong>cy orbankruptcy or any other relief un<strong>de</strong>r any bankruptcy or insolv<strong>en</strong>cy law orother similar law affecting cre<strong>dit</strong>ors’ rights, or a petition <strong>is</strong> pres<strong>en</strong>ted for itswinding-up or liquidation, and such proceeding or petition <strong>is</strong> instituted orpres<strong>en</strong>ted by a person or <strong>en</strong>tity not <strong>de</strong>scribed in paragraph (A) above an<strong>de</strong>ither:(x)results in a judgm<strong>en</strong>t of insolv<strong>en</strong>cy or bankruptcy or the <strong>en</strong>try of anor<strong>de</strong>r of relief or the making of an or<strong>de</strong>r for its winding-up orliquidation; or(y) <strong>is</strong> not d<strong>is</strong>m<strong>is</strong>sed, d<strong>is</strong>charged, stayed or restrained in each case within 15days of the institution and pres<strong>en</strong>tation thereof;163

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