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INDEX OF DEFINED TERMS - Banca di Legnano

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Level: 2 – From: 2 – Wednesday, July 21, 2010 – 11:51 – eprint6 – 4247 Section 01<br />

Summary of the Program<br />

on or prior to the issue date to (1) the Common Depositary<br />

for the Relevant Clearing System in the case of Registered<br />

Global Certificates not intended to be issued under the NSS<br />

or (2) a Common Safekeeper for the Relevant Clearing<br />

System in the case of Registered Global Certificates<br />

intended to be issued under the NSS. Beneficial interests in<br />

a Registered Global Note will be exchangeable for<br />

Registered Definitive Notes only in limited circumstances.<br />

Denomination of Notes:<br />

Such denominations as the Issuer may agree upon with the<br />

relevant Dealers and in<strong>di</strong>cated in the applicable Final<br />

Terms. However, the minimum denomination of each Note<br />

will be such amount as may be allowed or required from<br />

time to time by the relevant central bank (or equivalent<br />

body) or any laws or regulations applicable to the Specified<br />

Currency, and the minimum denomination of each Note<br />

admitted to tra<strong>di</strong>ng on a European Economic Area exchange<br />

and/or offered to the public within the European Economic<br />

Area in circumstances which require the publication of a<br />

prospectus under the Prospectus Directive will be €1,000<br />

(or the equivalent amount in another currency).<br />

Unless otherwise permitted by applicable laws and<br />

regulations, Notes (inclu<strong>di</strong>ng Notes denominated in<br />

Sterling) in respect of which the proceeds are to be<br />

accepted by the Issuer in the United Kingdom and which<br />

have a maturity of less than one year from the date of issue<br />

must (a) have a minimum redemption value of £100,000 (or<br />

its equivalent in other currencies), and be issued only to<br />

persons (1) whose or<strong>di</strong>nary activities involve them in<br />

acquiring, hol<strong>di</strong>ng, managing, or <strong>di</strong>sposing of investments<br />

(as principal or agent) for the purposes of their businesses<br />

or (2) who it is reasonable to expect will acquire, hold,<br />

manage, or <strong>di</strong>spose of investments (as principal or agent)<br />

for purposes of their businesses or (b) be issued in other<br />

circumstances which do not constitute a contravention of<br />

section 19 of the FSMA.<br />

Redenomination:<br />

Fixed-Rate Notes:<br />

Floating-Rate Notes:<br />

The Issuer may specify in the applicable Final Terms that<br />

Notes may be redenominated into euro.<br />

Notes bearing interest at a fixed rate (the “Fixed-Rate<br />

Notes”) will pay interest on such dates as the Issuer and the<br />

relevant Dealers agree and on the Maturity Date, and such<br />

interest will be calculated on the basis of the Fixed Day<br />

Count Fraction specified in the applicable Final Terms.<br />

Notes bearing interest at a floating rate (the “Floating-Rate<br />

Notes”) will bear interest at a rate determined (a) on the<br />

same basis as the floating rate under a notional interest rate<br />

swap transaction in the relevant Specified Currency,<br />

governed by an agreement incorporating the ISDA<br />

9

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