Worst of Barrier Reverse Convertible on Commerzbank, ING and Natixis

Coupon 12,40% p.a. - 6 Months - European Barrier at 75% - EUR

Details Redemption
Issuer EFG Financial Products
Guarantor EFG International On 21,04,2010 Client pays EUR 1000 (Denomination)
Rating: Fitch A
Underlying Commerzbank ING Groep N.V. Natixis
AG On 28,10,2010 Client receiv es a Coupon of 6,20%
Bbg Ticker CBK GY Equity INGA NA Equity KN FP Equity
Strike Level (100%) EUR 6,446 EUR 7,73 EUR 4,15 PLUS
Barrier Level (75%) EUR 4,83 EUR 5,80 EUR 3,11
Conversion Ratio 155,1350 129,3661 240,9639 Scenario 1: if the Underlyings are at or above the Barrier level on the Final Fixing
Payment Date 21/04/2010 The Investor will receive a Cash Settlement in the Settlement Currency equal to:
Valuation Date 21/10/2010 Denomination
Maturity Date 28/10/2010
EU Saving Tax Option Premium Component 5,31% (10,62% p.a.) Scenario 2: if one or more Underlyings is below the Barrier on the Final Fixing Date
Interest Component 0,89% (1.78% p.a.) the Investor will receive a predefined round number (i.e. Conversion Ratio) of the
Details Physical Settlement European Barrier Underlying with the Worst Performance per Denomination.
ISIN CH0111528037
Valoren 11152803
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.

- ING Groep N.V. offers financial services to individuals, corporations, and other institutions. The Company offers corporate, investment, and private banking services, asset and portfolio
management, treasury services, and insurance. ING Groep has offices throughout the world.

- Natixis attracts deposits and offers commercial banking services. The Bank lends to medium-sized and large businesses in France. Natixis offers investment banking, underwriting, bond
and equity brokerage, asset management, insurance, and venture capital services and manages mutual funds. The Bank makes real estate loans and owns and manages real estate.

Opportunities_________________________________________________________________ Risks______________________________________________________________________________
1. A guaranteed Coupon of 6,20% in fine 1. Maximum return of 6,20% in fine
2. Protection against 25% 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_______________________________________________________________
At least one Underlying is at or below its Strike lev el on the Maturity Date
All the Underlyings are abov e the Barrier Lev el on the Maturity Date

Redemption: Shares of the Worst Performing Underlying (With Negativ e

Redemption: Denomination + 1 Coupons of 6,20% (Total return: 106,2%)
Performance)

Historical Chart
400%
importer depuis la deuxieme feuille
Commerzbank
350%
ING Redemption: Denomination + 1 Coupon 6,20%

300% Natixis

250%

200%

150%

Strike: 100% of the Spot Reference

100%
25% Protection
Barrier Level: 75% of the Spot Reference
50% Redemption: Shares of the Worst performing
Underlying + 1 Coupon of 6,20%

0%
Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10

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

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this do cument are derivative instruments. They do no t qualify as units o f a co llective 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 by the Swiss Financial M arket Superviso ry A utho rity
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