INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:15 – eprint6 – 4247 Section 07
Days immediately following the Scheduled Valuation Date up to and including the Valuation
Cut-Off Date is a Disrupted Day for one or more Shares. In that case, or if the Valuation Date
falls on the Valuation Cut-Off Date owing to the original date on which it was scheduled to
fall not being a Common Scheduled Trading Day, (i) the Valuation Cut-Off Date shall be
deemed to be the Valuation Date (notwithstanding the fact that such day may be a Disrupted
Day for a Share or not a Common Scheduled Trading Day) and (ii) the Calculation Agent
shall determine the relevant price using, in relation to each Share for which the Valuation
Cut-Off Date is a Disrupted Day or is not a Common Scheduled Trading Day, a price
determined in the manner set out in the applicable Final Terms or, if not set out or if not
practicable, using its good faith estimate of the price for such Share as of the Valuation Time
on the Valuation Cut-Off Date, and otherwise in accordance with the above provisions.
“Valuation Time” means the Valuation Time specified in the applicable Final Terms or, if no
Valuation Time is specified, the Scheduled Closing Time on the relevant Exchange on the relevant
Valuation Date, Observation Date or Averaging Date, as the case may be, in relation to each Share to be
valued. If the relevant Exchange closes prior to its Scheduled Closing Time and the specified Valuation
Time is after the actual closing time for its regular trading session, then the Valuation Time shall be such
actual closing time.
2. Barrier Event
Additional Terms and Conditions for Share Linked Notes
(a)
A “Barrier Event (intraday)” means (and a Barrier Event (intraday) shall be deemed to
occur if), in respect of a Share, the Calculation Agent determines that the Share Price of such
Share 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 Share 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 Share 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
Share Linked Condition 1, each reference to “Valuation Time” and “Scheduled Closing
Time” shall be construed as a reference to “Barrier Event Valuation Time (intraday)”.
(b)
A “Barrier Event (closing)” means (and a Barrier Event (closing) shall be deemed to occur
if), in respect of a Share, the Calculation Agent determines that the Share Closing Price of
any Share as of the Barrier Event Valuation Time (closing) on any Barrier Event
Determination Day is less than or equal to the corresponding Barrier Level for such Share
and such Barrier Event Determination Day.
3. Market Disruption
“Market Disruption Event” means, in relation to a Share, the occurrence or existence of (i) a
Trading Disruption, (ii) an Exchange Disruption, which in either case the Calculation Agent determines is
material, any time during the one hour period that ends at the Valuation Time for such Share or (iii) an
Early Closure.
4. Correction to Share Prices
If the price of a Share published on any Valuation Date, Observation Date, or an Averaging Date (or
other relevant date, as determined by the Calculation Agent) as the case may be, by the relevant Exchange
and which is utilized for any calculation or determination made for the purposes of the Notes (a “Relevant
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