Glossary entry (derived from question below)
English term or phrase:
floored (initial price)
Spanish translation:
precio mínimo inicial establecido
Added to glossary by
Myriam Garcia Bernabe
Oct 12, 2011 23:03
13 yrs ago
3 viewers *
English term
floored (initial price)
English to Spanish
Bus/Financial
Finance (general)
securities note
US EN to ES for Spain
- This is a securities note from a financial entity issued together with prospectus and suchlike documents.
- I am thinking that floored refers to floor versus ceiling so maybe "minimizado"?
CONTEXT:
The Final Redemption Amount is variable and dependant on the Closing Price of each Share on the Final Observation Date relative to such Share’s Initial Price. Prospective investors should be aware that the Notes are not capital protected. If the Notes are not redeemed early following a Mandatory Early Redemption Event, as described below and the Final Price of the Worst Performing Share is less than the FLOORED INITIAL PRICE of such Share, the Final Redemption Amount will be less than 100 per cent. of the Issue Price and may even be nil.
Any help appreciated
TIA
Myriam
- This is a securities note from a financial entity issued together with prospectus and suchlike documents.
- I am thinking that floored refers to floor versus ceiling so maybe "minimizado"?
CONTEXT:
The Final Redemption Amount is variable and dependant on the Closing Price of each Share on the Final Observation Date relative to such Share’s Initial Price. Prospective investors should be aware that the Notes are not capital protected. If the Notes are not redeemed early following a Mandatory Early Redemption Event, as described below and the Final Price of the Worst Performing Share is less than the FLOORED INITIAL PRICE of such Share, the Final Redemption Amount will be less than 100 per cent. of the Issue Price and may even be nil.
Any help appreciated
TIA
Myriam
Proposed translations
(Spanish)
3 +3 | precio mínimo inicial establecido | patinba |
Proposed translations
+3
26 mins
Selected
precio mínimo inicial establecido
I think it means that a floor was set for the price.
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
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