INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 11:55 – eprint6 – 4247 Section 02
maintain such listing of the Notes on such EU Exchange(s). Changed circumstances, including changes in
listing requirements, could result in a suspension or removal of any such listing, or cause the Issuer to
conclude that continued listing of the Notes on such EU Exchange(s) is unduly burdensome.
Legal investment considerations may restrict certain investments. The investment activities of
certain investors are subject to legal investment laws and regulations, or review or regulation by certain
authorities. Each potential investor should consult its legal advisers to determine whether and to what
extent (i) Notes are legal investments for it, (ii) Notes can be used as collateral for various types of
borrowing and (iii) other restrictions apply to its purchase or pledge of any Notes. Financial institutions
should consult their legal advisers or the appropriate regulators to determine the appropriate treatment of
Notes under any applicable risk-based capital or similar rules.
Payments on the Notes are subject to the credit risk of the Issuer, and the value of the Notes will
be affected by a credit rating reduction of the Issuer. The amount payable or deliverable on the Notes at
maturity or upon earlier redemption is dependent upon the ability of the Issuer to repay its obligations on
the applicable maturity date, or earlier redemption date. In relation to Underlying Asset Linked Notes, this
will be the case even if the value of the Underlying Asset increases (or decreases, as the case may be) after
the pricing date. No assurance can be given as to what the Issuer’s financial condition will be on the
applicable maturity date or earlier redemption date. The value of the Notes is expected to be affected, in
part, by investors’ general appraisal of the Issuer’s creditworthiness and actual or anticipated changes in
the Issuer’s credit ratings prior to the maturity date or earlier redemption date may affect the value of the
Notes. Such perceptions are generally influenced by the ratings accorded to the Issuer’s outstanding Notes
by standard statistical rating services, such as Moody’s Investors Service Inc. and Standard & Poor’s, a
division of The McGraw-Hill Companies, Inc. A reduction (or anticipated reduction) in the rating, if any,
accorded to outstanding debt securities of the Issuer by one of these rating agencies could result in a
reduction in the trading value of the Notes. As the return on the Notes depends upon factors in addition to
the Issuer’s ability to pay its respective obligations, an improvement in these credit ratings will not reduce
the other investment risks related to the Notes. A credit rating is not a recommendation to buy, sell, or hold
any of the Notes and may be subject to suspension, change, or withdrawal at any time by the assigning
rating agency.
Risks related to the structure of a particular issue of Notes
A wide range of Notes may be issued under the Program. A number of these Notes may have
features which contain particular risks for potential investors. Set out below is a description of the risks
resulting from most common features.
General risks relating to Underlying Asset Linked Notes
Underlying Asset Linked Notes will represent an investment linked to the economic performance of
the relevant Underlying Asset(s) and potential investors should note that the return (if any) on their
investment in such Notes will depend upon the performance of such Underlying Asset(s). Potential
investors should also note that whilst the market value of such Notes is linked to such Underlying Asset(s)
and will be influenced (positively or negatively) by such Underlying Asset(s), any change in the market
value of such Notes may not be comparable to changes in the market value of the Underlying Asset(s). It
is impossible to predict how the market value of the relevant Underlying Asset(s) will vary over time. In
addition, in contrast to a direct investment in the relevant Underlying Asset(s), such Notes represent the
right to receive payment or delivery, as the case may be, of the Final Redemption Amount(s) or the
Entitlement, as the case may be, as well as periodic payments of interest or additional amounts, all or
some of which and the value of which will be determined by reference to the performance of the relevant
Underlying Asset(s) but which are likely to differ from and may be less than the return on a direct
investment in the same Underlying Assets(s).
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Risk Factors