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

PROVISIONS RELATING TO REDEMPTION
22. Issuer Call: [Applicable/Not Applicable]
(If not applicable, delete the remaining subparagraphs of
this paragraph)
(i) Optional Redemption Date(s): [ ]
(ii) Optional Redemption Amount(s) and [[ ] per Calculation Amount/specify other/see Appendix]
method, if any, of calculation of such amount(s):
(iii) If redeemable in part:
(a) Minimum Redemption [ ]
Amount
(iv)
the Conditions):
(b) Higher Redemption Amount: [ ]
Notice period (if other than as set out in
50
[ ]
(NB: If setting notice periods which are different to those
provided in the Conditions, the Issuer is advised to
consider the practicalities of distribution of information
through intermediaries, for example, clearing systems and
custodians, as well as any other notice requirements
which may apply, for example, as between the Issuer and
the Agent or Trustee)
23. Investor Put: [Applicable/Not Applicable] (for Undated Deeply
Subordinated Notes)] (If not applicable, delete the
remaining subparagraphs of this paragraph)
(i) Optional Redemption Date(s): [ ]
(ii) Optional Redemption Amount(s) and
method, if any, of calculation of such amount(s):
(iii) Notice period (if other than as set out in
the Conditions):
[[ ] per Calculation Amount/specify other/see Appendix]
[ ]
(N.B. If setting notice periods which are different to those
provided in the Conditions, the Issuer is advised to
consider the practicalities of distribution of information
through intermediaries, for example, clearing systems and
custodians, as well as any other notice requirements
which may apply, for example, as between the Issuer and
the Agent or Trustee)
24. Final Redemption Amount: [ [ ] per Calculation Amount/specify other/see Appendix]
(N.B. If the Final Redemption Amount is other than 100
per cent. of the nominal value the Notes will be derivative
securities for the purposes of the Prospectus Directive and
the requirements of Annex XII to the Prospectus Directive
Regulation will apply)
25. Early Redemption Amount of each Note payable
on redemption for taxation reasons or on event of default
and/or the method of calculating the same (if required or
if different from that set out in Condition 7(e)):
[[ ] per Calculation Amount/specify other/See Appendix]
GENERAL PROVISIONS APPLICABLE TO THE NOTES
26. (a) Form of Notes: [Bearer Notes (other than Interbolsa Notes):
Temporary Global Note exchangeable for a Permanent
Global Note which is exchangeable for Definitive Notes
[on 60 days' notice given at any time/only upon an
Exchange Event]
[Temporary Global Note exchangeable for Definitive
Notes on and after the Exchange Date]
[Permanent Global Note exchangeable for Definitive
Notes [on 60 days' notice given at any time/only upon an
Exchange Event]] (N.B. Temporary Global Note required
unless TEFRA C applies or TEFRA not applicable)
(Ensure that this is consistent with the wording in the
“Form of the Notes” section in the Offering Circular and
the Notes themselves.)
N.B. The exchange upon notice/at any time options should
not be expressed to be applicable if the Specified
Denomination of the Notes in paragraph 6 includes
language substantially to the following effect: “[50,000]
and integral multiples of [1,000] in excess thereof up to
and including [99,000].”