Single Barrier Reverse Convertible on BRITISH LAND CO PLC

Coupon 10.8% p.a. - American Barrier at 95% - 4 Months - GBP

Details Redemption
Issuer EFG Financial Products
Guarantor EFG International On 10.05.2010 Client pays GBP 1000 (Denomination)
Rating: Fitch A
Underlying BRITISH LAND CO PLC On 10.09.2010 Client receiv es 3.6% in fine (10.8% p.a.) Coupon
Bbg Ticker BLND LN Equity
Payment Date 10.05.2010 PLUS
Valuation Date 07.09.2010
Maturity 10.09.2010 Scenario 1: if the Underlying has never traded at or below the Barrier level
Strike Level GBP 4.8287 (100%)
The Investor will receive a Cash Settlement equal to the Denomination
Barrier Level GBP 4.5873 (95%)
EU Saving Tax Option Premium Component 3.35% (10.06% p.a.)
Scenario 2: if the Underlying traded at least once at or below the Barrier level
Interest Component 0.25% (0.74% p.a.)
Details Physical Settlement American Barrier a. If the Final Fixing Level is at or below the Strike Level, the Investor will
Conversion Ratio 207.1 receive a predefined round number (i.e. Conversion Ratio) of the
ISIN CH0112499675 Underlying per Denomination.
Valoren 11249967
b. If the Final Fixing Level is above the Strike Level, the Investor will receive a
SIX Symbol not listed
Cash Settlement in the Settlement Currency equal to: Denomination

Characteristics
Underlying_______________________________________________________________________________________________________________________________________________________
British Land Company plc invests, both directly and through joint ventures, in income-producing and freehold commercial properties in order to maximize
their growth and potential. The Company trades, finances, and develops property. Their portfolio consists of offices, retail superstores, shopping centers,
leisure, industrial, and distribution spaces.

Opportunities______________________________________________________________ Risks__________________________________________________________________________
1. A guaranteed Coupon of 3.6% in fine (10.8% p.a.) 1. Maximum yield is limited to 3.6% in fine (10.8% p.a.)
2. Protection against 5% drop in Underlying's price 2. Exposure to v olatility changes
3. Low er v olatility than direct equity exposure
4. Secondary market as liquid as a share
5. Optimization of EU Tax components

Best case scenario_________________________________________________________ Worst case scenario___________________________________________________________

The Underlying has nev er traded below the Barrier Lev el The Underlying traded below the Barrier Lev el and on the Final Fixing Date
closes under the Barrier Lev el

Redemption: Denomination + Coupon of 3.6% in fine (10.8% p.a.) Redemption: Underlying + Coupon of 3.6% in fine (10.8% p.a.)

Historical Chart
900 importer depuis la deuxieme feuille

800

700
Redemption: 100% and a Coupon of
3.6% in fine (10.8% p.a.)
600

500 Strike: GBp 482.87 (100% of Spot Reference)

Barrier: GBp 458.73 (95% of Strike Level) 5% Protection

400 Redemption: 207.1 shares and a

Coupon of 3.6% in fine (10.8% p.a.)

300
Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10

Contacts
Filippo Colombo Christ ophe Spanier Nat hanael Gabay
Bruno Frat eschi +41 58 800 10 45 Sofiane Zaiem
St anislas Perromat +41 22 918 70 05
Alejandro Pou Cut uri Live prices at www.efgfp.com
+377 93 15 11 66

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