INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:23 – eprint6 – 4247 Section 09
applicable, the Valuation Date shall be the first succeeding Common Scheduled Trading Day
that is not a Disrupted Day for any Fund Share, unless each of the Common Scheduled
Trading Days immediately following the Scheduled Valuation Date up to and including the
Valuation Cut-Off Date is a Disrupted Day for one or more Fund 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 Fund Share or not a Common Scheduled Trading Day) and (ii) the
Calculation Agent shall determine the relevant price using, in relation to each Fund 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 Fund 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 in relation to each Fund 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.
8. Barrier Event
Additional Terms and Conditions for Fund Linked Notes
(a)
A “Barrier Event (intraday)” means (and a Barrier Event (intraday) shall be deemed to
occur if), in respect of a Fund Share, the Calculation Agent determines that the Fund Share
Price of such Fund 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
Fund 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 Fund Linked Condition 9 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 sub-paragraph (b) 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 Fund Share, the Calculation Agent determines that the Fund Share Closing
Price of any Fund 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
Fund Share and such Barrier Event Determination Day.
9. Market Disruption
“Market Disruption Event” means, in respect of a Fund Share:
(a)
the occurrence or existence at any time during the one hour period that ends at the relevant
Valuation Time:
(x)
of any suspension of or limitation imposed on trading by the relevant Exchange or
Related Exchange or otherwise and whether by reason of movements in price
exceeding limits permitted by the relevant Exchange or Related Exchange or
otherwise:
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