Step 1: What the K-Pg boundary marks.
The K-Pg boundary closes the Cretaceous and opens the Paleogene, tied to a great mass extinction. We want the feature used to mark it worldwide.
Step 2: The asteroid signature.
The boundary clay holds a strong spike of iridium. Iridium is rare in crustal rock but common in asteroids, so the spike points to a large impact.
Step 3: Why iridium is the marker.
This iridium layer turns up at the same level all over the world, which makes it a clean global marker for the boundary.
Step 4: Reject the others.
The loss of dinosaurs is a result, not a precise marker. High mercury and the end of Deccan volcanism are linked events but are not the defining global signal.
Step 5: Final choice.
So the defining feature is the iridium anomaly in the sediments.
\[ \boxed{\text{Presence of iridium anomaly in sediments}} \]