100% Capital Protected Autocallable Certificate with Memory Effect on

France Telecom, Deutsche Telekom and Telefonica

5.70% p.a. Annual Conditional Coupon - Capital Guaranteed at 100% - 3 Years - Quanto GBP

Details Redemption
Issuer EFG Financial Products
Guarantor EFG International Collateral-Secured Instrument On 09.04.2010 Client pays GBP 1000 (Denomination)
Rating: Fitch A No issuer risk
Stocks FRANCE TELECOM SA DEUTSCHE TELEKOM AG-REG TELEFONICA
SA Every Year w ith N being the number of years since inception
Bbg Ticker FTE FP Equity DTE GY Equity TEF SM Equity
Spot Ref. (100%) EUR 17.59 EUR 9.82 EUR 17.62 If all the stocks are at or above their Autocall Level,
Autocall Level (100%) EUR 17.59 EUR 9.82 EUR 17.62 The product is autocalled and the investor will receive a Cash Settlement in GBP equal to:
Coupon Trigger Level (100%) EUR 17.59 EUR 9.82 EUR 17.62 Denomination + Coupon of (N x 5.70) %. The product expires
Initial Fixing Date 24.03.2010
Payment Date 09.04.2010 Example: if the product is autocalled on the 09.04.2012, you will receive a Cash Settlement in
Valuation Date 24.03.2013 GBP equal to 111.4% of the Denomination: your total return is 11.4%
Maturity 09.04.2013
09.04.2013 Client receives (if the product has not been autocalled until then):
Details Cash Settlement Capital 100% guaranteed
Annual Autocall Observations The Investor will receive a Cash Settlement in GBP equal to:
ISIN CH0111527518 100% x Denomination
Valoren 11152751
SIX Symbol EFHEV

Characteristics
stock_____________________________________________________________________________________________________________________________________________________________________________________________
- France Telecom SA provides telecommunications services to residential, professional, and large business customers. The Company offers public fixed-line telephone, leased lines and data transmission, mobile
telecommunications, cable television, Internet and wireless applications, and broadcasting services, and telecommunications equipment sales and rentals.

- Deutsche Telekom AG offers telecommunications services. The Company offers a full range of fixed-line telephone services, mobile communications services, Internet access, and combined information technology and
telecommunications services for businesses.

- Telefonica S.A. provides telecommunications services mainly to countries in Europe and Latin America. The Company offers fixed-line and mobile telephone, Internet, and data transmission services to residential and
corporate customers.

Opportunities__________________________________________________________________________________ Risks_____________________________________________________________________________________________
1. Annual opportunity to receiv e a (N x 5.70%) Coupon + the Denomination 1. Your Capital is not at risk only at Maturitiy
2. Your capital is 100% protected at Maturity: No capital at risk 2. No coupon will be paid if at least one stock closes below the Autocall lev el on the
3. Memory effect feature: the inv estor has the chance to receiv e any missed coupons on one of Observ ation dates
the next observ ation dates
4. COSI Product: the I nv estor does not bear issuer's Credit risk

Best case scenario______________________________________________________________________________ Worst case scenario______________________________________________________________________________

The Worst performing stock closes below the Strike lev el on the 2 first Observation dates, and The Worst Performing stock has nev er closed abov e the Strike Lev el on one observ ation
above the Autocall Trigger on the Valuation date date and is below the Autocall Level on the Valuation date

Redemption: Denomination + 3 Coupons of 5.70% (Total Return: 117.1%) Redemption: 100% of the Denomination

Historical Chart
180%
importer depuis la deuxieme feuille
Year-end scenario
Deutsche Telekom N years since inception
160%
France Telecom

140% Telefonica Early Redemption:

Denomination + (N x 5.70% ) Coupon

120%

Strike: 100% of Spot Reference

100%

80% Redemption on the Maturity Date:

100% of Denomination

60%
Jan-05 Jun-05 Nov-05 Apr-06 Sep-06 Feb-07 Jul-07 Dec-07 May-08 Oct-08 Mar-09 Aug-09 Jan-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

This publication serves o nly for informatio n purpo ses and is not research; it co nstitutes neither a reco mmendatio n for the purchase of financial instruments nor an o ffer or an invitation fo r an offer. No responsibility is taken fo r the correctness of this information. The financial instruments mentioned in this do cument are derivative instruments. They do
not qualify as units of a co llective investment scheme pursuant to art. 7 et seqq. of the Swiss Federal A ct o n Co llective Investment Schemes (CISA ) and are therefo re neither registered nor supervised by the Swiss Financial M arket Supervisory A uthority FINM A. Investors bear the credit risk o f the issuer/guarantor. B efore investing in derivative
instruments, Investors are highly recommended to ask their financial advisor for advice specifically focused on the Investo r´s financial situation; the info rmation contained in this do cument do es not substitute such advice. This publication does not constitute a simplified pro spectus pursuant to art. 5 CISA , o r a listing prospectus pursuant to art. 652a or
1156 of the Swiss Code of Obligations. The relevant product documentation can be obtained directly at EFG Financial P ro ducts A G: Tel. +41(0)58 800 1111, Fax +41(0)58 800 1010, or via e-mail: termsheet@efgfp.com. Selling restrictions apply for Euro pe, Hong Kong, Singapo re, the USA, US perso ns, and the United Kingdom (the issuance is subject to Swiss
law). The stocks´ performance in the past does not constitute a guarantee for their future performance. The financial products' value is subject to market fluctuatio n, what can lead to a partial or total loss of the invested capital. The purchase o f the financial products triggers costs and fees. EFG Financial P roducts AG and/o r ano ther related co mpany
may o perate as market maker for the financial products, may trade as principal, and may conclude hedging transactions. Such activity may influence the market price, the price movement, or the liquidity of the financial products. © EFG Financial P roducts A G A ll rights reserved.