EXANE FINANCE - Superfund

(ii) Cash Settlement and/or Physical
Settlement: Cash Settlement only.
(iii) Option of the Issuer /Holder to change
the delivery method:
REF.: 473337 / 2548-01
“EUR/USDI” means the foreign exchange rate
EUR/USD expressed as the amount of USD per EUR
1.00, appearing on Bloomberg Page EURUSD
QR at 11:30 p.m. (Paris time) on the
Initial Valuation Date.
Not Applicable
(iv) Valuation Date(s): The first Index Valuation Date following the first
anniversary of the exercise of the Settlement Option
at the Issuer’s discretion.
(v) Valuation Time(s): Official closing price.
(vi) Other provisions or conditions
applicable: Not Applicable
24. Early Settlement Amount
Early Settlement Amount(s) paid in the event of
early termination (Condition 8) and/or method for
calculating this amount (if required or if different
from what is stipulated in the Conditions): Yes: Condition 8
25. Automatic Early Settlement: Not Applicable
26. Settlement Option at the Issuer’s discretion: Applicable
Where the “Index Valuation Date” means each
official weekly Net Asset Value date of the
Underlying Asset.
(i) Optional Settlement Date(s): 15 Business Days following the first Index Valuation
Date following the first anniversary of the Option
Exercise Date.
(ii) Optional Settlement Amount(s) and, if
applicable, the method for calculating
this(these) amount(s):
(iii) Partial Settlement: Not Applicable
The Issuer will pay on the Optional Settlement Date
the Final Settlement Amount.
(iv) Option Exercise Date(s): The Issuer can exercise its option to redeem the
Certificates on any Business Day following the Issue
Date.
(v) Description of any other option of the
Issuer/Holders:
Not Applicable
(vi) Notice period: Not Applicable
27. Settlement Option at the discretion of Holders Not Applicable
5