Glossary entry

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
12 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
Proposed translations (Spanish)
3 +3 precio mínimo inicial establecido

Proposed translations

+3
26 mins
Selected

precio mínimo inicial establecido

I think it means that a floor was set for the price.
Peer comment(s):

agree Christine Walsh
3 hrs
Thank-you!
agree Fernando Cuñado de Castro : coincido
12 hrs
agree Vanina Laura Maierú
15 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you!"
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search