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“Merger Date”“Merger Ev<strong>en</strong>t”“Multiplier”“National<strong>is</strong>ation”“ObservationDate(s)”means, the closing date of a Merger Ev<strong>en</strong>t or, where a closing date cannot be<strong>de</strong>termined un<strong>de</strong>r the local law applicable to such Merger Ev<strong>en</strong>t, such other date as<strong>de</strong>termined by the Calculation Ag<strong>en</strong>t.means, in respect of any rele<strong>van</strong>t Equities, any (i) reclassification or change of suchEquities that results in a transfer of or an irrevocable commitm<strong>en</strong>t to transfer all ofsuch Equities outstanding to another <strong>en</strong>tity or person, (ii) consolidation,amalgamation, merger or binding share exchange of an Equity Issuer, with or intoanother <strong>en</strong>tity or person (other than a consolidation, amalgamation, merger or bindingshare exchange in which such Equity Issuer <strong>is</strong> the continuing <strong>en</strong>tity and which doesnot result in a reclassification or change of all of such Equities outstanding), (iii)takeover offer, t<strong>en</strong><strong>de</strong>r offer, exchange offer, solicitation, proposal or other ev<strong>en</strong>t byany <strong>en</strong>tity or person to purchase or otherw<strong>is</strong>e obtain 100 per c<strong>en</strong>t. of the outstandingEquities of the Equity Issuer that results in a transfer of or an irrevocablecommitm<strong>en</strong>t to transfer all such Equities (other than such Equities owned orcontrolled by such other <strong>en</strong>tity or person), or (iv) consolidation, amalgamation,merger or binding share exchange of the Equity Issuer or its subsidiaries with or intoanother <strong>en</strong>tity in which the Equity Issuer <strong>is</strong> the continuing <strong>en</strong>tity and which does notresult in a reclassification or change of all such Equities outstanding but results in theoutstanding Equities (other than Equities owned or controlled by such other <strong>en</strong>tity)immediately prior to such ev<strong>en</strong>t collectively repres<strong>en</strong>ting less than 50 per c<strong>en</strong>t. of theoutstanding Equities immediately following such ev<strong>en</strong>t (a “Reverse Merger”), ineach case if the Merger Date <strong>is</strong> on or before the Valuation Date or, if the Notes are tobe re<strong>de</strong>emed by <strong>de</strong>livery of Equities, the Maturity Date.means the weight of each of the Equities compr<strong>is</strong>ing the Basket as specified in therele<strong>van</strong>t Final Terms.means that all the Equities or all or substantially all the assets of an Equity Issuer ar<strong>en</strong>ational<strong>is</strong>ed, expropriated or are otherw<strong>is</strong>e required to be transferred to anygovernm<strong>en</strong>tal ag<strong>en</strong>cy, authority, <strong>en</strong>tity or instrum<strong>en</strong>tality thereof.means each date specified as such in the rele<strong>van</strong>t Final Terms or, if such date <strong>is</strong> not aScheduled Trading Day, the immediately succeeding Scheduled Trading Day unlessD<strong>is</strong>rupted Day <strong>is</strong> specified as applicable in the rele<strong>van</strong>t Final Terms and, in theopinion of the Calculation Ag<strong>en</strong>t, such day <strong>is</strong> a D<strong>is</strong>rupted Day. If such day <strong>is</strong> aD<strong>is</strong>rupted Day:(i)(ii)where the Notes are specified in the rele<strong>van</strong>t Final Terms to relate to a singleEquity, the Observation Date shall be the first succeeding Scheduled TradingDay that <strong>is</strong> not a D<strong>is</strong>rupted Day, unless each of the eight Scheduled TradingDays immediately following the Scheduled Observation Date <strong>is</strong> a D<strong>is</strong>ruptedDay. In that case, (i) the eighth Scheduled Trading Day shall be <strong>de</strong>emed to bethe Observation Date, notwithstanding the fact that such day <strong>is</strong> a D<strong>is</strong>ruptedDay, and (ii) the Calculation Ag<strong>en</strong>t shall, where practicable, <strong>de</strong>termine theRefer<strong>en</strong>ce Price in the manner set out in the rele<strong>van</strong>t Final Terms or, if notset out or not so practicable, <strong>de</strong>termine the Refer<strong>en</strong>ce Price in accordancewith its good faith estimate of the Refer<strong>en</strong>ce Price as of the Valuation Timeon that eighth Scheduled Trading Day; orwhere the Notes are specified in the rele<strong>van</strong>t Final Terms to relate to a Basketof Equities, the Observation Date for each Equity not affected by the158

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