INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 11:48 – eprint6 – 4247 Intro
bear the risk of losing all of their investment. No person should acquire any such Notes unless (i) that
person understands the nature of the relevant transaction and the terms of the relevant Notes and the extent
of that person’s exposure to potential loss, (ii) that person has a valid business purpose for acquiring such
Notes, and (iii) any investment in such Notes is consistent with such person’s overall investment strategy.
Each prospective investor should consider carefully whether any Notes issued under the Program which it
considers acquiring are suitable for it in the light of such prospective investor’s investment objectives,
financial capabilities, and expertise. See “Risk Factors” on pages 16 to 39 of this Offering Circular.
The Notes have not been, and will not be, registered under the Securities Act. The Notes may not be
offered, sold, or delivered within the United States or to U.S. persons, except as provided herein. Bearer
Notes will be subject to United States tax law requirements as further described under “Subscription and
Sale”.
Neither this Offering Circular nor any Final Terms constitute, nor may be used for or in connection
with, an offer or solicitation by anyone in any jurisdiction in which that offer or solicitation is not
authorized or to any person to whom it is unlawful to make such an offer or solicitation.
The distribution of this Offering Circular and the offer of Notes may be restricted by law in certain
jurisdictions. Neither the Issuer nor any of the Dealers represents that this Offering Circular may be
lawfully distributed, or that any Notes may be lawfully offered, in compliance with any applicable
registration or other requirements in any such jurisdiction, or pursuant to an exemption available
thereunder, or assumes any responsibility for facilitating any such distribution or offering. In particular, no
action has been taken by the Issuer or any Dealer which would permit a public offering of any Notes
outside the European Economic Area or distribution of this Offering Circular in any jurisdiction where
action for that purpose is required. Accordingly, no Notes may be offered or sold, directly or indirectly,
and neither this Offering Circular nor any advertisement or other offering material may be distributed or
published in any jurisdiction, except under circumstances that will result in compliance with any
applicable laws and regulations, and the Dealers have represented that all offers and sales by them will be
made on the same terms. Persons into whose possessions this Offering Circular or any Notes come must
inform themselves about, and observe, any such restrictions. In particular, there are restrictions on the
distribution of this Offering Circular and the offer or sale of Notes in the United States, the European
Economic Area, and certain other jurisdictions. See “Subscription and Sale” below.
The Issuer may use this Offering Circular in the initial sale of any Notes. In addition, Merrill Lynch
International (“MLI”) or any other affiliate of the Issuer may use this Offering Circular in market-making
transactions with respect to any Notes after their initial sale.
Nothing herein should be considered to impose on the recipient of this Offering Circular any
limitation on disclosure of the tax treatment or tax structure of the transactions or matters described herein.
In connection with the issue of any Tranche of Notes, the Dealer or Dealers (if any) named as
the Stabilizing Manager(s) (or persons acting on behalf of any Stabilizing Manager(s)) in the
applicable Final Terms may over-allot Notes or effect transactions with a view to supporting the
market price of the Notes at a level higher than that which might otherwise prevail. However, there
is no assurance that the Stabilizing Manager(s) (or persons acting on behalf of a Stabilizing
Manager) will undertake any stabilization action. Any stabilization action may begin on or after the
date on which adequate public disclosure of the terms of the offer of the relevant Tranche of Notes is
made and, if begun, may be ended at any time, but it must end no later than the earlier of 30
calendar days after the issue date of the relevant Tranche of Notes and 60 calendar days after the
date of the allotment of the relevant Tranche of Notes. Any stabilization action or over-allotment
must be conducted by the relevant Stabilizing Manager(s) (or person(s) acting on behalf of any
Stabilizing Manager(s)) in accordance with all applicable laws and rules.
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