Notes - Irish Stock Exchange

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i Share Issuer Bloomberg Exchange Weighting 10 Kao Corporation 4452 JT Tokyo Stock Exchange 11 Mitsui Sumitomo Insurance Co Ltd 8752 JT Tokyo Stock Exchange 12 Novartis AG NOVN VX Virt-X Stock Exchange ("Virt-X") - 14 - 6⅔ per cent. 6⅔ per cent. 6⅔ per cent. 13 Pfizer Inc. PFE UN NYSE 6⅔ per cent. 14 Roche Holding AG ROG VX Virt-X 6⅔ per cent. 15 TUI AG TUI1 GY Xetra 6⅔ per cent. 4. Coupon Payment Table Coupon Payment Table Observation Date Coupon Payment Date 8 June 2009 30 June 2009 8 June 2010 30 June 2010 8 June 2011 30 June 2011 8 June 2012 30 June 2012 10 June 2013 30 June 2013 8 June 2014 30 June 2014 5. Consequences of Disrupted Days (i) In respect of each Observation Date, the Index and each Share, if the Calculation Agent determines that (a) the corresponding Common Observation Date is not a Disrupted Day for such Index or Share, then such Common Observation Date shall be the relevant Observation Date for such Index or Share, or (b) the Common Observation Date is a Disrupted Day for such Index or Share (each such Index or Share being an "Affected Underlying" for the purposes of this paragraph 5(i)), then the Observation Date for such Affected Underlying shall be the first succeeding Scheduled Trading Day that the Calculation Agent determines is not a Disrupted Day for such Affected Underlying, unless the Calculation Agent determines that each of the eight consecutive Scheduled Trading Days immediately following the Common Observation Date is a Disrupted Day for such Affected Underlying. In that case, that eighth Scheduled Trading Day in respect of the relevant Common Observation Date shall be deemed to be the relevant Observation Date for such Affected Underlying, notwithstanding the fact that it is a Disrupted Day for such Affected Underlying, and:
(a) if the Affected Underlying is the Index, the Calculation Agent shall determine the Closing Index Level of the Affected Underlying as of that eighth Scheduled Trading Day, in accordance with the formula for and the method of calculating such Affected Underlying last in effect prior to the occurrence of the first Disrupted Day resulting in the postponement of the relevant scheduled Common Observation Date, using the Exchange traded or quoted price as of the relevant Valuation Time on that eighth Scheduled Trading Day of each security comprised in the Affected Underlying (or, if an event giving rise to a Disrupted Day has occurred in respect of the relevant security as of the Valuation Time on that eighth Scheduled Trading Day, its good faith estimate of the value for the relevant security as of the relevant Valuation Time on that eighth Scheduled Trading Day); or (b) if the Affected Underlying is a Share, the Calculation Agent shall determine its good faith estimate of the value for the Share as of the Valuation Time on that eighth Scheduled Trading Day (and such good faith estimate by the Calculation Agent pursuant to this paragraph (b) shall be deemed to be the Closing Share Price in respect of the relevant Observation Date). (ii) If, following adjustment of an Observation Date pursuant to the terms of paragraph 5(i) above or on account of the Scheduled Observation Date not being a Common Scheduled Trading Day, such Observation Date for any Affected Underlying would otherwise fall after the applicable Correction Cut-off Date for such Observation Date in respect of such Affected Underlying, such Correction Cut-off Date shall be deemed to be such Observation Date for such Affected Underlying and if such Correction Cut-off Date is a Disrupted Day in respect of such Affected Underlying, paragraphs 5(i)(a) or (b), as is applicable, shall apply as if each reference therein to "that eighth Scheduled Trading Day" were instead a reference to "the Correction Cut-off Date". 6. Adjustments to the Index (i) Successor Index Sponsor calculates and announces the Index If the Index is (a) not calculated and announced by the Index Sponsor but is calculated and announced by a successor Index Sponsor (the "Successor Index Sponsor") acceptable to the Calculation Agent or (b) replaced by a successor index using, in the determination of the Calculation Agent, the same or a substantially similar formula for, and method of, calculation as used in the calculation, of such Index (a "Successor Index"), then such Index will be deemed to be the index so calculated and announced by that Successor Index Sponsor or that Successor Index, as the case may be, and, the Calculation Agent shall make such adjustment(s) that it determines, in its sole and absolute discretion, to be appropriate, if any, to any variable, calculation methodology, valuation, settlement, payment terms or any other terms in respect of the Notes to account for such replacement. (ii) Index Modification, Index Cancellation and Index Disruption If, in the determination of the Calculation Agent, in respect of the Index (a) on or before any Common Observation Date, as the case may be, the Index Sponsor or (if applicable) Successor Index Sponsor announces that it will make a material change in the formula for, or the method of calculating, such Index or in any other way materially modifies that Index (other than a modification prescribed in that formula or method to maintain such Index in the event of changes in constituent stock and capitalization and other routine events) (an "Index Modification") or permanently cancels the Index and no Successor Index exists (an "Index Cancellation"); or (b) on any Common Observation Date, the Index Sponsor or (if applicable) Successor Index Sponsor fails to calculate and announce the level of the Index (an "Index Disruption" (provided that, in - 15 -
Page 1 and 2: Series Prospectus Dated 16 January
Page 3 and 4: DISTRIBUTION OF THIS SERIES PROSPEC
Page 5 and 6: INCORPORATION BY REFERENCE The prov
Page 7 and 8: TERMS AND CONDITIONS OF THE NOTES T
Page 9 and 10: (vii) Other terms relating to the m
Page 11 and 12: 1. Listing PART B - OTHER INFORMATI
Page 13 and 14: 1. Coupon Amounts PART C - OTHER AP
Page 15 and 16: "Exchange Disruption" means, in res
Page 17: "Trading Disruption" means, in resp
Page 21 and 22: Calculation Agent determines approp
Page 23 and 24: 8. Rounding directed against hostil
Page 25 and 26: SCHEDULE - MARKET DISRUPTION PROVIS
Page 27 and 28: as published by the relevant Index
Page 29 and 30: theoretical value of the relevant S

Notes - Irish Stock Exchange

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