Espírito Santo Investment p.l.c. Banco Espírito Santo de ... - BES

14. Method of distribution: [Syndicated/Non-syndicated]
15. Governing Law: [ ]
[Conditions 3 (a), 3 (c), first paragraph of condition 5,
5(d), 5 (e) and 7 shall be governed by Portuguese Law (for
Undated Deeply Subordinated Notes]
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note Provisions: [Applicable/Not Applicable]
(If not applicable, delete the remaining sub- paragraphs
of this paragraph)
(i) Rate(s) of Interest: [ ] per cent. per annum [payable [annually/ semiannually/quarterly/other
(specify)] in arrear]
(If payable other than annually, consider amending
Condition 5(a))
(ii) Interest Payment Date(s): [ ] in each year [up to and including the Maturity
Date/specify other]
(iii) Fixed Coupon Amount(s) (Applicable to [ ] per Calculation Amount
Interbolsa Notes and to Notes in definitive form)
(iv) Broken Amount(s):
[[ ] per Calculation Amount, payable on the Interest
(Applicable to Interbolsa Notes and to Notes in definitive Payment date falling [in/on] [ ]]
form)
(v) Fixed Day Count Fraction: [30/360 or Actual/Actual (ICMA) or [specify other]] (Note
that if interest is not payable on a regular basis (for
example, if there are Broken Amounts specified)
Actual/Actual (ICMA) will not be a suitable day count
fraction)
(vi) [Determination Date(s):
[ ] in each year
(Insert regular interest payment dates, ignoring issue date
or maturity date in the case of a long or short first or last
coupon. N.B. This will need to be amended in the case of
regular interest payment dates which are not of equal
duration. N.B.: only relevant where Day Count Fraction is
Actual/Actual (ICMA))]
(vii) Other terms relating to the method of [None/Give details]
calculating interest for Fixed Rate Notes:
17. Floating Rate Note Provisions: [Applicable/Not Applicable].
(If not applicable, delete the remaining sub- paragraphs
of this paragraph)
(i)
Payment Dates:
Specified Period(s)/Specified Interest
36
[ ] [subject to Condition 5 (d) (“Interest
Cancellation”) (for Undated Deeply Subordinated
Notes)]
(ii) First Interest Payment Date: [ ] [Subject to Condition 5 (d) (“Interest
Cancellation”) (for Undated Deeply Subordinated
Notes)]
(iii) Business Day Convention: [Floating Rate Convention/Following Business Day
Convention/Modified Following Business Day
Convention/ Preceding Business Day Convention/[specify
other]]
(iv) Additional Business Centre(s): [ ]
(v) Manner in which the Rate of Interest
and Interest Amount is to be determined:
(vi) Party responsible for calculating the
Rate of Interest and the Interest Amount (if not the
Agent):
(vii)
(viii)
ISDA Determination:
– Floating Rate Option: [ ]
– Designated Maturity: [ ]
– Reset Date: [ ]
[ISDA Determination/Screen Rate Determination/specify
other]
[Banco Espírito Santo de Investimento, S.A.,
Rua Alexandre Herculano, 38,
1269-161 Lisbon, Portugal/specify other, giving name and
address]
Screen Rate Determination:
– Reference Rate: [ ]
(Either LIBOR, EURIBOR or other, although additional
information is required if other – including fallback
provisions in the Agency Agreement)
– Interest Determination Date(s): [ ]
5 Undated Deeply Subordinated Notes may only be issued by BESI.