INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:23 – eprint6 – 4247 Section 09
Additional Terms and Conditions for Fund Linked Notes
(i)
(ii)
(iii)
relating to the relevant Fund Share on such Exchange; or
relating to securities that comprise 20 per cent. or more of the level of the
relevant Underlying Index or any relevant successor index; or
in futures or options contracts relating to such Fund Shares or the relevant
Underlying Index on any relevant Related Exchange, or
(y)
of any event (other than an event described in (b) below) that disrupts or impairs (as
determined by the Calculation Agent) the ability of market participants in general to (i)
effect transactions in, or obtain market values for, the Fund Shares on the Exchange,
(ii) effect transactions in, or obtain market values for securities that comprise 20 per
cent. or more of the level of the relevant Underlying Index, or (iii) to effect
transactions in, or obtain market values for, futures or options contracts relating to
such Fund Shares or the relevant Underlying Index on any relevant Related Exchange;
or
(b)
the closure on any Exchange Business Day of any relevant Exchange(s) or any Related
Exchange(s) prior to its Scheduled Closing Time unless such earlier closing time is
announced by such Exchange(s) or such Related Exchange(s), as the case may be, at least
one hour prior to (A) the actual closing time for the regular trading session on such
Exchange(s) or such Related Exchange on such Exchange Business Day or, if earlier, (B) the
submission deadline for orders to be entered into such Exchange or Related Exchange system
for execution at the Valuation Time on such Exchange Business Day,
which in any such case the Calculation Agent determines is material.
For the purpose of determining whether a Market Disruption Event exists in respect of a Fund Share
at any time, if an event giving rise to a Market Disruption Event occurs in respect of a security included in
the relevant Underlying Index at that time, then the relevant percentage contribution of that security, to the
level of the relevant Underlying Index shall be based on a comparison of (i) the portion of the level of the
relevant Underlying Index attributable to that security, and (ii) the overall level of the relevant Underlying
Index immediately before the occurrence of such Market Disruption Event.
The Issuer shall give notice as soon as practicable to the Noteholders in accordance with Condition
14 of the occurrence of a Disrupted Day on any day that, but for the occurrence of a Disrupted Day, would
have been a Valuation Date provided that any failure to give, or non-receipt of, such notice will not affect
the validity of any such Disrupted Day.
10. Potential Adjustment Event
“Potential Adjustment Event” means any of the following:
(i)
(ii)
a subdivision, consolidation or reclassification of relevant Fund Shares (unless resulting in a
Merger Event or Tender Offer), or a free distribution or dividend of any such Fund Shares to
existing holders by way of bonus, capitalization or similar issue;
a distribution, issue or dividend to existing holders of the relevant Fund Shares of (a) such
Fund Shares or (b) other share capital or securities granting the right to payment of dividends
and/ or the proceeds of liquidation of the ETF equally or proportionately with such payments
to holders of such Fund Shares or (c) share capital or other securities of another issuer
acquired or owned (directly or indirectly) by the ETF as a result of a spin-off or other similar
transaction, or (d) any other type of securities, rights or warrants or other assets in any case
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