Low Strike Reverse Convertible on COMMERZBANK AG

Coupon 10.29% p.a. - 3.5 Months - EUR - Strike at 78%

Details Redemption
Issuer EFG Financial Products
Guarantor EFG International On 25.05.2010 Client pays EUR 1000 (Denomination)
Rating: Fitch A
Underlying COMMERZBANK AG On 17.09.2010 Client receiv es a 3% Coupon in fine
Bbg Ticker CBK GY Equity
Payment Date 25.05.10 PLUS
Valuation Date 17.09.10
Maturity 22.09.10 Scenario 1: if the Final Fixing Lev el is above the Strike Level
Spot Reference EUR 5.66 (100%) The Investor will receive a Cash Settlement equal to the Denomination
Strike Level EUR 4.41 (78%)
EU Saving Tax Option Premium Component 9.59% p.a.
Interest Component 0.7% p.a. Scenario 2: if the Final Fixing Lev el is at or below the Strike Level
Details Physical Settlement
The Investor will receive a predefined round number (i.e. Conversion Ratio) of
Conversion Ratio 227.27
the Underlying per Denomination (with a 22% discount)
ISIN CH0113519604
Valoren 11351960
SIX Symbol not listed

Characteristics
Underlying_______________________________________________________________________________________________________________________________________________________

Commerzbank AG attracts deposits and offers retail and commercial banking services. The Bank offers mortgage loans, securities brokerage and asset
management services, private banking, foreign exchange, and treasury services worldwide.

Opportunities______________________________________________________________ Risks__________________________________________________________________________
1. A guaranteed Coupon of 3% in fine 1. Maximum yield is limited to 3% in fine
2. Contingent capital protection if the Final Fixing Lev el is at or abov e 2. Exposure to v olatility changes
the Strike Lev el.
3. I f exerciced, shares are bought at 22% low er than today's lev el
4. Low er v olatility than direct equity exposure
5. Optimization of EU Tax components
6. Secondary market as liquid as a share

Best case scenario_________________________________________________________ Worst case scenario___________________________________________________________

The Underlying closes abov e the Strike Lev el at the Final Fixing Date The Underlying closes at or below the Strike Lev el at the Final Fixing Date

Redemption: Denomination + Coupon of 3% in fine Redemption: Underlying + Coupon of 3% in fine

Historical Chart

importer depuis la deuxieme feuille

25

20

15

10

Spot Reference at EUR 5.66 (100%)

5 Strike at EUR 4.41 (78%) 32% Protection

0
Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10

Contacts
Filippo Colombo Christophe 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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instruments mentio ned in this document are derivative instruments. They do no t qualify as units o f a collective investment scheme pursuant to art. 7 et seqq. o f the Swiss Federal A ct o n Co llective Investment Schemes (CISA ) and are therefo re neither registered no r supervised
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