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

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will instead be expressed as a perc<strong>en</strong>tage of the Outstanding Principal Balance for purposes of<strong>de</strong>termining the Final Price.“Quotation Amount” <strong>is</strong> <strong>de</strong>emed to be, with respect to each type or <strong>is</strong>sue of Un<strong>de</strong>liverable Obligationor Hedge D<strong>is</strong>ruption Obligations, as the case may be, an amount equal to the Outstanding PrincipalBalance or Due and Payable Amount (or, in either case, its equival<strong>en</strong>t in the rele<strong>van</strong>t ObligationCurr<strong>en</strong>cy converted by the Calculation Ag<strong>en</strong>t in a commercially reasonable manner by refer<strong>en</strong>ce toexchange rates in effect at the time that the rele<strong>van</strong>t Quotation <strong>is</strong> being obtained), as applicable, ofsuch Un<strong>de</strong>liverable Obligation or Hedge D<strong>is</strong>ruption Obligations, as the case may be.“Quotation Method” <strong>is</strong> <strong>de</strong>emed to be Bid.“Refer<strong>en</strong>ce Obligation” <strong>is</strong> <strong>de</strong>emed to be each Un<strong>de</strong>liverable Obligation or Hedge D<strong>is</strong>ruptionObligations, as the case may be.“Valuation Method” <strong>is</strong> <strong>de</strong>emed to be Highest unless fewer than two Full Quotations are obtained or aWeighted Average Quotation applies (or, if applicable, Indicative Quotations), in which case“Valuation Method” <strong>is</strong> <strong>de</strong>emed to be Market.“Valuation Time” <strong>is</strong> the time specified as such in the rele<strong>van</strong>t Final Terms, or, if no time <strong>is</strong> sospecified, 11.00 a.m. in the principal trading market for the Un<strong>de</strong>liverable Obligation or HedgeD<strong>is</strong>ruption Obligations, as the case may be.“Weighted Average Quotation” means, in accordance with the Quotation Method, the weightedaverage of firm quotations obtained from Quotation Dealers at the Valuation Time, to the ext<strong>en</strong>treasonably practicable, each for an amount of the Un<strong>de</strong>liverable Obligation or Hedge D<strong>is</strong>ruptionObligations, as the case may be, with an Outstanding Principal Balance of as large a size as availablebut less than the Quotation Amount that in aggregate are approximately equal to the QuotationAmount.(i)Re<strong>de</strong>mption following Merger Ev<strong>en</strong>tIf Con<strong>dit</strong>ion 10(i) <strong>is</strong> specified as applicable in the rele<strong>van</strong>t Final Terms, in the ev<strong>en</strong>t that in the<strong>de</strong>termination of the Calculation Ag<strong>en</strong>t a Merger Ev<strong>en</strong>t has occurred, the Issuer may give notice to theNotehol<strong>de</strong>rs in accordance with Con<strong>dit</strong>ion 19 and re<strong>de</strong>em the Notes at the Early Re<strong>de</strong>mption Amounton the Merger Ev<strong>en</strong>t Re<strong>de</strong>mption Date.(j)Definitions applicable to Cre<strong>dit</strong> Linked Notes“Accreted Amount”means, with respect to an Accreting Obligation, an amount equal to (a) thesum of (i) the original <strong>is</strong>sue price of such obligation and (ii) the portion of theamount payable at maturity that has accreted in accordance with the terms ofthe obligation (or as otherw<strong>is</strong>e <strong>de</strong>scribed below), less (b) any cash paym<strong>en</strong>tsma<strong>de</strong> by the obligor thereun<strong>de</strong>r that, un<strong>de</strong>r the terms of such obligation,reduce the amount payable at maturity (unless such cash paym<strong>en</strong>ts have be<strong>en</strong>accounted for in (a)(ii) above), in each case calculated as of the earlier of (A)the date on which any ev<strong>en</strong>t occurs that has the effect of fixing the amount ofa claim in respect of principal and (B) the Delivery Date or applicableValuation Date, as the case may be. Such Accreted Amount shall inclu<strong>de</strong> anyaccrued and unpaid periodic cash interest paym<strong>en</strong>ts (as <strong>de</strong>termined by theCalculation Ag<strong>en</strong>t in its sole and absolute d<strong>is</strong>cretion) only if “Inclu<strong>de</strong>Accrued Interest” <strong>is</strong> specified as applicable in the rele<strong>van</strong>t Final Terms. If anAccreting Obligation <strong>is</strong> expressed to accrete pursuant to a straight-line180

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