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
contract on the first day following the applicable determination
date on which no Market Disruption Event is occurring with
respect to such contract; and
(c)
with respect to each futures contract included in the Commodity
Index which is affected by the Market Disruption Event, where a
Market Disruption Event continues to exist as of the Commodity
Index Cut-Off Date, the Calculation Agent’s good faith estimate of
the closing price of each such contract on the Commodity Index
Cut-Off Date;
(2) and as specified in the applicable Final Terms.
Subject as provided below, the Calculation Agent shall determine the Relevant Price by reference to
the closing prices determined in (1)(a), (1)(b) and (1)(c) above or as provided in (2) above using the then
current method for calculating the Commodity Reference Price.
Where (i) the original date that would otherwise have been the Pricing Date is adjusted on account
of such original date not being a Commodity Business Day, and the Pricing Date would fall on or after the
Commodity Index Cut-Off Date following such adjustment, or (ii) a Market Disruption Event with respect
to one or more futures contracts included in the Commodity Index has occurred on an applicable
determination date and continues to exist as of the relevant Commodity Index Cut-Off Date for such
applicable determination date, the Calculation Agent shall determine the Relevant Price on such
Commodity Index Cut-Off Date. In calculating the Relevant Price as set out herein, the Calculation Agent
shall use the formula for calculating the Commodity Reference Price last in effect prior to the Market
Disruption Event (if applicable).
4. Adjustments to a Commodity Index
(a)
Successor Index Sponsor Calculates and Reports a Commodity Index
If a relevant Commodity Index is (i) not calculated and announced by the Index Sponsor but is
calculated and announced by a successor sponsor (the “Successor Index Sponsor”) acceptable to the
Issuer, or (ii) replaced by a successor index using, in the determination of the Calculation Agent, the same
or a substantially similar formula for and method of calculation as used in the calculation of that
Commodity Index, then in each case that index (the “Successor Index”) will be deemed to be the
Commodity Index.
(b)
Modification and Cessation of Calculation of a Commodity Index
If on or prior to a Pricing Date (i) the relevant Index Sponsor makes a material change in the
formula for or the method of calculating a relevant Commodity Index or in any other way materially
modifies that Commodity Index (other than a modification prescribed in that formula or method to
maintain that Commodity Index in the event of changes in constituent commodities and weightings and
other routine events), or (ii) the Index Sponsor permanently cancels a relevant Commodity Index or (iii)
the Index Sponsor fails to calculate and announce a relevant Commodity Index and there is no Successor
Index Sponsor or Successor Index then the Calculation Agent may at its option (in the case of (i)) and
shall (in the case of (ii) and (iii)) (such events (i) (ii) and (iii) to be collectively referred to as “Index
Adjustment Events”) (provided that the Calculation Agent may, in its sole and absolute discretion,
determine that event (iii) (y) shall not be an Index Adjustment Event and shall instead be dealt with under
paragraph (i) of the proviso to the definition of Price Source specified in Commodity Linked Condition 1
(Definitions), or (z) shall instead amount to a Market Disruption Event in respect of such Commodity
Index, and proceed in accordance with Commodity Linked Condition 3 (Market Disruption and Disruption
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