INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:12 – eprint6 – 4247 Section 06
Additional Terms and Conditions for Index Linked Notes
Trading Day, then (A) the Averaging Cut-Off Date shall be deemed to be the
Averaging Date (irrespective of whether the Averaging Cut-Off Date is already an
Averaging Date), and (B) the Calculation Agent shall determine the relevant level or
price for that Averaging Date in accordance with sub-paragraph (d)(ii) of the definition
of “Valuation Date” below,
and, for the purposes of these Index Linked Conditions “Valid Date” means a Scheduled Trading
Day that is not a Disrupted Day and on which another Averaging Date does not or is deemed not to
occur, and “Common Valid Date” means a Common Scheduled Trading Day that is not a
Disrupted Day for any Index, and on which another Averaging Date does not or is deemed not to
occur.
“Barrier Event Determination Day” means, in respect of each Index and each Observation Period:
(a)
(b)
(c)
if the applicable Final Terms provides that “Barrier Event (intraday)” is applicable, each day
on which the level of such Index is published and/or disseminated by the Index Sponsor
during such Observation Period, regardless of whether or not such day is a Scheduled
Trading Day for such Index (and if the Calculation Agent in its sole and absolute discretion
determines that a Market Disruption Event is occurring for such Index at any time on any
Barrier Event Determination Day, it shall disregard the period during which it determines in
its sole and absolute discretion that such Market Disruption Event has occurred and is
continuing for the purposes of determining whether or not a Barrier Event (intraday) has
occurred);
if the applicable Final Terms provides that “Barrier Event (closing)” is applicable, each
Scheduled Trading Day for such Index during such Observation Period that is not a Disrupted
Day for such Index; or
where the Index Linked Notes relate to a Basket of Indices and the applicable Final Terms
provides that “Common Scheduled Trading Days” shall be applicable, each Common
Scheduled Trading Day that is not a Disrupted Day for any Index in the Basket of Indices.
“Barrier Event Valuation Time (closing)” means:
(d)
(e)
(f)
in relation to an Index which is specified in the applicable Final Terms as being a Unitary
Index, the Scheduled Closing Time on the relevant Exchange on the relevant Barrier Event
Determination Day, as the case may be, in relation to each Index to be valued. If the relevant
Exchange closes prior to its Scheduled Closing Time and the specified Barrier Event
Valuation Time (closing) is after the actual closing time for its regular trading session, then
the Barrier Event Valuation Time (closing) shall be such actual closing time; and
in relation to an Index which is specified in the applicable Final Terms as being a Multi-
Exchange Index, (i) for the purposes of determining whether a Market Disruption Event has
occurred: (x) in respect of any Component Security, the Scheduled Closing Time on the
relevant Exchange and (y) in respect of any options contracts or futures contracts on the
Index, the close of trading on the relevant Related Exchange, and (ii) in all other
circumstances, the time at which the official closing level of the Index is calculated and
published by the Index Sponsor; and
in relation to an Index which is specified in the applicable Final Terms as being a Proprietary
Index, the time at which the Index Sponsor calculates and publishes the official closing level
of the Index.
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