EXANE FINANCE - Superfund

19. Change in Interest Base or Settlement Base: Not Applicable
20. (i) Series No.: 2548
(ii) Tranche No.: 1
21. Status of the Certificates Unsubordinated
PLEDGE OF FINANCIAL INSTRUMENTS ACCOUNT
22. Additional guarantee in the form of a pledge of
financial instruments account:
PROVISIONS CONCERNING SETTLEMENT
23. Final Settlement Amount
(i) Formula to be used to determine the
Redemption Amount:
REF.: 473337 / 2548-01
Not Applicable
On the Maturity Date, the Holder of a Certificate will
receive the following cash amount in euros:
Where:
EUR RVFinal
“RVFinal” means the Reference Value on the
Valuation Date ;
“Reference Value” means Quantity multiplied by the
official value of the Underlying Asset(I);
“Quantity” means 1;
The value of the “Underlying Asset(I)” is calculated
on a relevant date t as follows:
NAV t EUR/USDI
It = I0 x
NAV EUR/USDt
with:
t0
“I0” means 100;
“Initial Valuation Date” means 28 March 2008;
“NAVt” means the weekly official Net Asset Value
of the CIS on date t, net of all costs, tax and fees if
any, for a redemption order given by Exane
Derivatives with the required notice period before
date t;
“NAV0” means the weekly official Net Asset Value
of the CIS on the Initial Valuation Date, plus any tax,
costs and fees if any, for a subscription order given
by Exane Derivatives with the required notice period
before the Initial Valuation Date;
“EUR/USDt” 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
date t;
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