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
Component Security and (y) the overall level of the Index, in each case immediately before the occurrence
of such Market Disruption Event;
(b)
in respect of any Multi-Exchange Index either:
(i) (A) the occurrence or existence, in respect of any Component Security, of:
(1) a Trading Disruption, which the Calculation Agent determines is
material, at any time during the one hour period that ends at the relevant
Valuation Time in respect of the Exchange on which such Component
Security is principally traded;
(2) an Exchange Disruption, which the Calculation Agent determines is
material, at any time during the one hour period that ends at the relevant
Valuation Time in respect of the Exchange on which such Component
Security is principally traded; or
(3) an Early Closure; and
(B)
the aggregate of all Component Securities in respect of which a Trading
Disruption, an Exchange Disruption or an Early Closure occurs or exists,
comprises 20 per cent. or more of the level of the Index; or
(ii)
the occurrence or existence, in respect of futures or options contracts relating to the
Index, of (1) a Trading Disruption, (2) an Exchange Disruption which in either case
the Calculation Agent determines is material, at any time during the one hour period
that ends at the Valuation Time in respect of the Related Exchange or (3) an Early
Closure.
For the purposes of determining whether a Market Disruption Event in respect of a Multi-
Exchange Index exists at any time, if a Market Disruption Event (as defined in the Share
Linked Conditions in relation to a share) occurs in respect of a Component Security at that
time, then the relevant percentage contribution of such Component Security, to the level of
the Index shall be based on a comparison of (x) the portion of the level of the Index
attributable to that Component Security and (y) the overall level of the Index, in each case
using the official opening weightings as published by the Index Sponsor as part of the market
“opening data” (as defined in the Share Linked Conditions in relation to a share).
(c)
in respect of any Proprietary Index, the failure by the Index Sponsor to calculate and publish
the level of the Index on any Scheduled Trading Day or in respect of such Scheduled Trading
Day within the scheduled timeframe for publication.
3. Barrier Event
(a)
A “Barrier Event (intraday)” means (and a Barrier Event (intraday) shall be deemed to
occur if), in respect of an Index, the Calculation Agent determines that the Index Level of
such Index as of the Barrier Event Valuation Time (intraday) on any Barrier Event
Determination Day is less than or equal to the corresponding Barrier Level for such Index
and such Barrier Event Determination Day.
For the purpose of determining whether a Barrier Event (intraday) has occurred on any day,
the definition of Market Disruption Event specified in Index Linked Condition 3 shall be
amended such that (i) all references to “during the one hour period that ends at the relevant
Valuation Time” shall be deleted, and (ii) in the definition of “Early Closure” appearing in
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