Single Barrier Reverse Convertible on ING GROEP NV-CVA

Coupon 6% p.a. - American Barrier at 80% - 3 Months - EUR

Details Redemption
Issuer EFG Financial Products
Guarantor EFG International On 16.04.2010 Client pays EUR 1000 (Denomination)
Rating: Fitch A
Underlying ING GROEP NV-CVA On 16.07.2010 Client receiv es 1,5% in fine (6% p.a.) Coupon
Bbg Ticker INGA NA Equity
Payment Date 16,04,2010 PLUS
Valuation Date 12,07,2010
Maturity 16,07,2010 Scenario 1: if the Underlying has never traded at or below the Barrier level
Strike Level EUR 7,53 (100%)
The Investor will receive a Cash Settlement equal to the Denomination
Barrier Level EUR 6,02 (80%)
EU Saving Tax Option Premium Component 0,92% (3,68% p.a.)
Scenario 2: if the Underlying traded at least once at or below the Barrier level
Interest Component 0,58% (2,32% 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 158,9067 receive a predefined round number (i.e. Conversion Ratio) of the
ISIN CH0111528144 Underlying per Denomination.
Valoren 11152814
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_______________________________________________________________________________________________________________________________________________________

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 1,5% in fine (6% p.a.) 1. Maximum yield is limited to 1,5% in fine (6% p.a.)
2. Protection against 20% 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 1,5% in fine (6% p.a.) Redemption: Underlying + Coupon of 1,5% in fine (6% p.a.)

Historical Chart
12 importer depuis la deuxieme feuille

11

10
Redemption: 100% and a Coupon of 1,5% in fine (6% p.a.)

8 Strike: EUR 7,53 (100% of Spot Reference)

7 25% Protection

6
Barrier: EUR 6,02 (80% of Strike Level)
5

4 Redemption: 158,9067
shares and a Coupon of 1,5% in fine (6% p.a.)
3

2
Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10

Contacts
Filippo Colombo Christophe Spanier Nathanael Gabay
Bruno Frateschi +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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instruments mentio ned in 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
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