SUMMARY OF TERMS AND CONDITIONS

Please note

NOTE DESCRIPTION

that the Purchasers of the Notes are deemed to have sufficient knowledge, experience and professional advice to make their own investment decision including
their own legal, financial, tax, accounting and other business evaluation of the risks and merits of investments in the Notes and should ensure that they fully
understand the risks associated with investments

Terms and Conditions

Issuer

Stealth Emerging Treasuries & Asset Backed Equities Ltd

ISIN

GB00B3K6SC63

SEDOL NUMBER

B3K6SC6

DESCRIPTION

:
:
:

RATING

ISSUER

STEALTH EMERGING TSY&ASSET BKD EQT

NTS 24/05/16 EUR
OPOL:XXXX
Scheduled to be backed by Emerging Market Treasuries; based on a
leveraged spectrum of single B to AAA rated Government Bonds via
LIBOR methodologies.
Assets shall be placed within a Bankruptcy Remote Department of the
Trustee bank.
All assets will be purchased in the name of (SET);
40% to 50% of par value (depending on market making conditions) is to be
allocated to Client Projects within this offering.
Client Projects are Energy Sector Heavy; Oil & Gas; also Real-estate &
Manufacturing and similar sectors are also applicable

TELEKURS NUMBER

CH13121066

Currency

Euro

Trade Date

TBD

Issue Date

May 23rd , 2011

Maturity Date

May 24th , 2021; the date by which all the funds (Principal & Interest) up to
150% of the sold issuance will be returned to all stockholders via Lump
Sum Interest Payment; the remainder of holdings will replicate the
business model for a subsequent

Issue Price

100.00%

Redemption Price

Stock sale

Nominal Amount

100,000,000,000.00

Coupon per

Client Projects are projected to forward ten percent (10%) of their Net

Denomination:

Income to be deposited into the Treasury Management Account of SET

Lump Sum Interest

for capital accrual, in order to meet the scheduled Lump Sum Interest

Payment on May 24th,

Payment as scheduled on May 24th, 2021; Stockholders are to receive the

2021

Lump Sum Interest Payment in the scheduled amount of 150% of the sold
issuance on May 24th, 2021.

Reference Rate

TBD% Variable

Reference Rate

The Calculation Agent shall observe the Reference Rate on each calendar

Observation

day in an Interest Period. Provided that:

Prior to the Rate Cut Off Date, the Reference Rate for a calendar day,
which is a non-London Business Day Business Day, shall be deemed to be
the Reference Rate as observed on the previous day that was a London
Business Day Business Day.
The Reference Rate for the period after the Rate Cut Off Date through to
the end of such Interest Period shall be deemed to be the Reference Rate
as observed on the Rate Cut Off Date for that Interest Period.

Rate Cut Off Date

5 London Business Days prior to the Interest Payment Date for the
relevant Interest Period.

Corridor Range for the

Years 1-10: All Interest is to be internally compounded in order to meet the

relevant Interest

Lump Sum Interest Payment on May 24th, 2021 of 150% of the sold

Period

issuance.

Day Count Fraction

30/360

Interest Payment

Calculated on an Annual Basis; internally compounded until May 24th, 2021

Dates
Business Day

(Adjusted)
:

Not Applicable

For Reference Rate Observations: London Business Days

Convention
Business Days

For Payments: London Business Days

For Call Notice Period: London Business Days
Issuer None Call

Not Callable; Lump Sum Interest Payment Scheduled on May 24 th 2021

Call Notice Period

5 London Business Days

Calculation Agent

TBD

Applicable Selling

As set out in the stock Programme

Listing

Unlisted

Governing Law

England and Wales

Documentation

Stock Programme

Our Reference Id.

SET5/2011

Restriction