Will Chancellor of Germany be the first to leave office?

If the individual holding the title of Chancellor of Germany at the time of Issuance is the first within G7 leaders to leave their position, then the market resolves to Yes. The individual must actually leave office and no longer hold their title. An announcement of resignation or intention to leave is not sufficient. In the event of death, the market will resolve to the last traded price prior to death, unless such a price is not available, not logically consistent, or not representative of a fair settlement value, in which case the Exchange may determine a fair value in its sole discretion.