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Worst of Barrier Reverse Convertible on Companhia Brasileira de

Distribuicao Grupo Pao de Acucar and Net Servicos de Comunicacao


Coupon 10% p.a. - 6 Months - European Barrier at 70% - USD

Details Redemption
Issuer EFG Financial Products
Guarantor EFG International Collateral-Secured Product On 06.04.2010 Client pays USD 1000 (Denomination)
Rating: Fitch A No issuer risk
Underlying CIA BRASILEIRA-SP ADR PREF A NET SERVICOS DE COM-PR ADR
On 01.10.2010 Client receiv es a Coupon of 10%p.a.
Bbg Ticker CBD US Equity NETC US Equity
Strike Level (100%) USD 65.63 USD 13.43 PLUS
Barrier Level (70%) USD 45.94 USD 9.40
Conversion Ratio 15.2369 74.4602 Scenario 1: if the Underlyings are at or above the Barrier level on the Final Fixing
Payment Date 06.04.10 The Investor will receive a Cash Settlement in the Settlement Currency equal to:
Valuation Date 22.09.10 Denomination
Maturity Date 01.10.10
EU Saving Tax Option Premium Component 4.78% (9.56% p.a.) Scenario 2: if one or more Underlyings is below the Barrier on the Final Fixing Date
Interest Component 0.22% (0.44% 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 CH0111527393
Valoren 11152739
SIX Symbol EFHEP

Characteristics
Underlying_______________________________________________________________________________________________________________________________________________________________
- Companhia Brasileira de Distribuicao Grupo Pao de Acucar operates in the foods, and non-food retail businesses. The Group's structure comprises of supermarkets, hypermarkets,
electronics/household appliance stores, convenience stores, cash&carry (wholesale/retail), e-commerce operations and a wide distribution network.

- Net Servicos de Comunicacao SA provides cable television services under the brand name NET, high-speed broadband Internet services under the name Virtua, and data transmission
services using both satellite and terrestrial technology under the name Vicom. The Company mainly operates from Sao Paulo, Rio de Janeiro and Belo Horizonte, Brazil.

Opportunities_________________________________________________________________ Risks______________________________________________________________________________
1. A guaranteed Coupon of 5% in fine 1. Maximum return of 5% in fine
2. Protection against 30% 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
6. COSI Product: the inv estor does not bear issuer's Credit risk
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 5% (Total return: 105%)
Performance)

Historical Chart
140%
importer depuis la deuxieme feuille
Redemption: Denomination + 1 Coupon 5%

120%

Strike Level at 100%


100%

30% Protection
80%
Barrier Level at 70%

60%

CBD
40% Redemption: Shares of the Worst performing
Underlying + 1 Coupon of 5%
NETC

20%
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 Christ ophe Nat hanael Gabay
Bruno Frat eschi Spanier Sofiane Zaiem
St anislas Perromat +41 58 800 10 45 +41 22 918 70 05
Alejandro Pou Cut uri Live prices at www.efgfp.com
+377 93 15 11 66

This publicatio n serves o nly fo r info rmatio n purpo ses and is no t research; it co nstitutes neither a reco mmendatio n fo r the purchase o f financial instruments no r an o ffer o r an invitatio n fo r an o ffer. No respo nsibility is taken fo r the co rrectness o f this info rmatio n. The financial 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 the Swiss Financial M arket
Superviso ry A utho rity FINM A . Investo rs bear the credit risk o f the issuer/guaranto r. B efo re investing in derivative instruments, Investo rs are highly reco mmended to ask their financial adviso r fo r advice specifically fo cused o n the Investo r´s financial situatio n; the info rmatio n co ntained in this
do cument do es no t substitute such advice. This publicatio n do es no t co nstitute a simplified pro spectus pursuant to art. 5 CISA , o r a listing pro spectus pursuant to art. 652a o r 1156 o f the Swiss Co de o f Obligatio ns. The relevant pro duct do cumentatio n can be o btained directly at EFG Financial
P ro ducts A G: Tel. +41(0)58 800 1111, Fax +41(0)58 800 1010, o r via e-mail: termsheet@efgfp.co m. Selling restrictio ns apply fo r Euro pe, Ho ng Ko ng, Singapo re, the USA , US perso ns, and the United Kingdo m (the issuance is subject to Swiss
law). The Underlyings´ perfo rmance in the past do es no t co nstitute a guarantee fo r their future perfo rmance. The financial pro ducts' value is subject to market fluctuatio n, what can lead to a partial o r to tal lo ss o f the invested capital. The purchase o f the financial pro ducts triggers co sts and fees.
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