INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:19 – eprint6 – 4247 Section 08
Additional Terms and Conditions for Commodity Linked Notes
closing price for such contract on the day on which such event occurs or any
succeeding day on which it continues; or
(C)
the closing price for any futures contract included in the Commodity Index is a
“limit price”, which means that the closing price for such contract for a day has
increased or decreased from the previous day’s closing price by the maximum
amount permitted under applicable exchange rules.
(iv)
Disruption Fallback
“Disruption Fallback” means a source or method that may give rise to an alternative
basis for determining the Relevant Price in respect of a specified Commodity
Reference Price when a Market Disruption Event occurs or exists on a day that is a
Pricing Date in respect of the relevant Note. A Disruption Fallback is applicable if it is
specified in the applicable Final Terms or, if no Disruption Fallback is specified in the
applicable Final Terms, shall mean:
(A)
with respect to a relevant Commodity (in the following order):
(I)
(II)
(III)
Fallback Reference Price (if applicable);
Delayed Publication or Announcement and Postponement (each to
operate concurrently with the other and each subject to a period of two
consecutive Commodity Business Days (measured from and including
the original day that would otherwise have been the Pricing Date (or, if
applicable, measured from and including the day that is the original date
that would otherwise have been the Pricing Date, following the
adjustment specified in the applicable Final Terms on account of such
original date not being a Commodity Business Day)), or, if shorter, the
period commencing on, and including, the original day that would
otherwise have been the Pricing Date and ending on, and including, the
Commodity Cut-Off Date) provided, however, that the price determined
by Postponement shall be the Relevant Price only if Delayed Publication
or Announcement does not yield a Relevant Price within those two
consecutive Commodity Business Days (or, if applicable, the number of
Commodity Business Days (if any) falling within the period ending on
the Commodity Cut-Off Date); and
Calculation Agent Determination;
(B)
with respect to a Commodity Index the Relevant Price as determined by the
Calculation Agent:
(1) using:
(a)
(b)
with respect to each futures contract included in the Commodity
Index which is not affected by the Market Disruption Event, the
closing prices of each such contract on the applicable
determination date;
with respect to each futures contract included in the Commodity
Index which is affected by the Market Disruption Event, but for
which a Market Disruption Event ceased to exist on or prior to the
Commodity Index Cut-Off Date, the closing prices of each such
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