Final Terms dated 01 March UniCredit Bank AG Issue of up to 150,000,000 for each Series of Warrants linked to shares

Transcription

1 Final Terms dated 01 March 2012 UniCredit Bk AG Issue of up to 150,000,000 for each Series of Warrts linked to shares under the Euro 50,000,000,000 Debt Issuce Programme of UniCredit Bk AG Terms used herein shall be deemed to be defined as such for the purposes of the Terms d Conditions of the Warrts (the "Conditions") set forth in the Prospectus dated 20 May 2011 (the "Prospectus") d the supplements to the Prospectus dated 10 October 2011 d dated 22 November 2011 which together constitute a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms relating to the issue of Warrts described herein for the purposes of Article 5.4 of the Prospectus Directive d must be read in conjunction with such Prospectus as so supplemented. Full information on the Issuer d the offer of the Warrts is only available on the basis of the combination of these Final Terms d the Prospectus d the supplements to the Prospectus dated 10 October 2011 d 22 November The Prospectus as so supplemented is available for viewing at the Issuer s address at LCI4SS, Arabellastrasse 12, Munich, Germy d at d copies may be obtained from the Issuer at the above address d at its Mil Brch, at Via Tommaso Grossi 10, Mil, Italy. All provisions in the Conditions corresponding to items in these Final Terms which are deleted shall be deemed to be deleted from the Conditions. If provisions in these Final Terms are either not selected or deleted from the Conditions, the first provision provided by the Conditions itself, shall be deemed to be applicable. 1

2 PAT A - GENEAL INFOMATION 1. Form of Terms d Conditions: Not consolidated 2. Issuer: UniCredit Bk AG 3. (i) Series Number: See Annex I (column Series Number ) to these Final Terms in relation to each Series Number of the Warrts (ii) Trche Number: See Annex I (column Trche Number ) to these Final Terms in relation to each Trche Number of the Warrts (If fungible with existing Series, details of that Series, including the date on which the Instruments become fungible.) 4. Type of Instrument: Warrts [4a. Collateralisation pursut to Collateral Trust Agreement (Sicherheitentreuhdvertrag): 5. Specified Currency Euro EU 6. Number of securities: (i) Series: See Annex I (column "Maximum Number of Warrts of each Series being issued") to these Final Terms in relation to each Series of Warrts (ii) Trche: See Annex I (column "Number of Warrts of each Trche being issued") to these Final Terms in relation to each Trche of Warrts. 7. Specified Denomination: 8. Issue Price: See Annex I (column "Indicative Issue Price EU") to these Final Terms. 9. (i) Issue Date: 22 February 2012 (ii) Interest Commencement Date: 10. Maturity Date: See Annex I (column "Maturity Date") to these Final Terms in relation to each Series of Warrts. 11. Form of Instruments: Non-physical document of title representing the Warrts. On Issue, the Warrts will be registered in the books of Monte Titoli. 12. New Global Note Form: No Terms regarding the Underlyings 13. Basket as Underlying Shares as Underlying Applicable 2

3 Description of Shares: Share issuer/issuers: ISIN (other security codes): elevt Exchges: The Description of the Shares as specified in Annex II to these Final Terms. The Share Issuers as specified in Annex II to these Final Terms. The ISIN codes as specified in Annex I to these Final Terms; euters codes d Bloomberg codes as specified in Annex II to these Final Terms. The elevt Exchges as specified in Annex II to these Final Terms. L Determining Futures Exchges: The Determining Futures Exchges as specified in Annex II to these Final Terms. Bonds as [Underlying] [Basket Component]: Certificates as [Underlying] [Basket Component]: Fund shares as [Underlying] [Basket Component]: Indices as [Underlying] [Basket Component]: Interest rates as [Underlying] [Basket Component]: Currency exchge rates as [Underlying] [Basket Component]: Commodities as [Underlying] [Basket Component]: Future Contracts as [Underlying] [Basket Component]: eference lo as [Underlying] [Basket Component]: Provisions relating to interest d additional amount (if y) payable 14. (i) Interest Basis: (ii) Underlying to determine interest rate: 15. Minimum Interest ate: 16. Maximum Interest ate: 17. Day Count Fraction: 18. Adjusted: No 19. Fincial Centre[s] [if different from item 45 below]: 20. Fixed ate Provisions 21. Floating ate Provisions 22. Zero Coupon Provisions 23. Dual Currency Provisions 3

4 24. Other Interest Provisions 25. Provisions to determine Additional Amount Provisions relating to redemption d early redemption 26. (i) edemption/payment Basis: Differential Amount determined by reference to the Underlyings by way of cash settlement. Knock-Out Event: Holder's right of waiver: (ii) Underlyings: Shares Yes. The Waiver Notice is set out in Annex III. 27. edemption Amount linked to Underlyings: Applicable 4

5 (i) (i) Formula to determine the Differential Amount d/or, as the case may be, qutity of Underlying to be delivered: Subject to the Conditions of the Warrts d these Final Terms, the Issuer will pay the Differential Amount to the Warrt Holders on the fifth Bking Day following the Valuation Date. In relation to each Series of Warrts, the Differential Amount shall be determined by the Calculation Agent at the Valuation Date as follows: for Call Warrts: Differential Amount = Max [(eference Price - Strike) x Multiplier; 0] for Put Warrts: Differential Amount = Max [0; (Strike - eference Price) x Multiplier] where: Multiplier mes 0.1 Strike mes the value specified in column Strike of the table in Annex I to these Final Terms. Exercise ight The Warrt Holder shall be entitled to payment of the Differential Amount by the Issuer according to these to these Final Terms (the "Exercise ight"). Exercise Date mes the Bking Day within the Exercise Period on which the Exercise ight is exercised by the Warrt Holder by submitting a duly completed Exercise Notice as set out in Annex IV to these Final Terms by fax to the Calculation Agent, to be received prior to 10:00 am (Mil time) on the respective Bking Day. In case the Exercise Notice is delivered after 10:00 am (Mil time), the relevt Exercise Date is the immediately following Bking Day, 5

6 At least 1,000 Warrts of one Series (the "Minimum Unit" as specified in the table in Annex I of these Final Terms) or a multiple thereof up to 10,000 Warrts (the "Maximum Unit" as specified in the table in Annex I of these Final Terms) are required to make effective use of the Exercise ight. Otherwise, such number of Warrts shall be rounded down to the preceding multiple of 1,000, not exceeding a total of 10,000 Warrts, d the Exercise Notice shall not be valid in respect of the Warrts exceeding such rounded number of Warrts. Exercise of less th 1,000 or above 10,000 Warrts is not valid d does not cause effect. Exercise Period The Warrt Holder's Exercise ight c be exercised on y Bking Day within the period from d including 2 nd March 2012 to d including one Bking Day immediately preceding the Maturity Date (10:00 am Mil time) (the "Exercise Period"). Unless already duly exercised by the Warrt Holder during the Exercise Period, the Warrts are considered to be exercised automatically on the Maturity Date if the Differential Amount is positive on the respective Valuation Date which is relevt for Itali shares, respectively Non- Itali shares. On termination of the Exercise Period, the Exercise ights expire, except that each Series of Warrts will be exercised automatically at the Maturity Date. 6

7 The Exercise ight during the Exercise Period is exercised by the Warrt Holder by delivering a duly completed exercise notice (the "Exercise Notice"), using the form of notice, which is set out in the respective form of Exercise Notice (Annex IV), by facsimile to the number set out in Annex IV received by the Calculation Agent on the Exercise Date. The Warrts specified in the Exercise Notice are only considered as validly exercised, if, prior to 4:00 p.m (Mil time) on the Exercise Date the Warrts are trsferred to the Issuer's account which is set out in the respective Form of the Exercise Notice as set out in Annex IV. For this purpose, the Warrt Holder is obliged to instruct its depositary bk, which is responsible for forwarding the specified Warrts. Warrts which are trsferred to the Issuer's account after 4:00 p.m. (Mil time) on the Exercise Date, are deemed to be exercised on the immediately following Bking Day d settlement will be based on the relevt eference Price determined by the Calculation Agent on the Exercise Date, as defined in the above provision under Exercise Date. In the event that a Warrt Holder does not perform its obligations d so delivers Exercise Notice not duly completed or not in accordce with the above provisions, the Exercise Notice shall not be valid, provided that the Calculation Agent, according to its prudent judgement, will establish whether the provision in the Final Terms have been satisfactorily respected d its determination will be decisive, conclusive d binding for the Issuer d the Warrt Holder. Warrts for which no valid Exercise Notice exists or for which the Exercise Notice is deemed to be not validly given, will be re-trsferred by the Issuer to the Warrt Holders account without undue delay. As far as the Exercise Notice is corrected supplementary to the Issuer's content, the Exercise Notice will be classified as new Exercise Notice, which is considered as received by the Issuer at the point in time, on which the corrected Exercise Notice is delivered to the Issuer. The delivery of the Exercise Notice shall be irrevocable declaration of intent of the respective Warrt Holder to exercise the respective Warrts. 7

8 The Calculation Agent will, in its reasonable discretion, determine whether the above conditions are satisfied d its determination will be final, conclusive d binding on the Warrt Holders. When calculating the Differential Amount, no fees, commissions or other costs charged by the Issuer or a third party authorised by the Issuer, will be taken into account. The Issuer shall not apply y charge for the Exercise of the Warrts. Other taxes, duties d/or expenses, including y applicable depository charges trsaction or exercise charges, stamp duty, stamp duty reserve tax, issue, registration, securities trsfer d/or other taxes or duties which may arise in connection with the automatic Exercise of the Warrts are in charge of the Warrt Holder. (ii) Valuation Date Valuation Date mes: (i) in case of exercise on the Maturity Date, with reference to Itali shares the Valuation Date is the Bking Day immediately preceeding the Maturity Date of the Warrts, with reference to Non- Itali shares the Valuation Date is the Maturity Date of the Warrts. (ii) in case of exercise during the Exercise Period, with reference to Itali shares the Exercise Date, with reference to Non-Itali shares the Bking Day following the Exercise Date. (iii) Calculation Date: (iv) [Observation Date[s]] [/] [Observation Period[s]]: (v) eference Prices: with reference to - Itali shares, the reference closing price prezzo di riferimento determined by Borsa Italia on the Valuation Date d published on euters as specified in Annex II. - Non-Itali shares, the official closing price determined by the elevt Exchge on the Valuation Date d published on euters as specified in Annex II. (vi) Minimum Amount / Maximum Amount: (vii) Fincial Centres for Bking Day if different from item 45 below: 28. Automatic Early edemption: 8

9 29. Early edemption at Issuer's Option 30. Early edemption at Instrumentholders' Option 31. Exercise of waiver right: 1 Applicable Waiver Date is: With respect to Itali shares d the share STmicroelectronics the Valuation Date. With respect to Non-Itali shares the first Bking Day following the Valuation Date. Adjustments, Market Disruptions 9

10 32. Adjustment d Market Disruption provisions: Provisions 6 ( Adjustments ) of the Terms d Conditions shall be read as follow: (1) The Calculation Agent shall be authorized, in its reasonable discretion, to adjust the method for the determination of the Differential Amount d the Multiplier upon the occurrence of y of the following events: (a) the compy that has issued the Underlying or a third party takes a measure, which would based on a chge in the legal d economic situation, in particular a chge in the compy's assets d capital in the reasonable discretion of the Calculation Agent, affect the Underlying (e.g. capital increase against cash contribution, issuce of securities with options or conversion rights into shares, capital increase with compy funds, distribution of special dividends, share splits, merger, liquidation, nationalization) or (b) the Determining Futures Exchge performs early termination of the respective outstding Derivatives linked to the Underlying, or (c) the Determining Futures Exchge performs adjustment to the respective outstding Derivatives linked to the Underlying. When determining the necessity of adjustment, the Calculation Agent will take into account the adjustment of the respective derivatives linked to the Underlying actually performed by the Determining Futures Exchge. The Calculation Agent will use reasonable endeavours as to ensure that the economic position of the Warrt Holders remains unchged to the largest extent possible. Any adjustment will be made by the Calculation Agent taking into account the time to maturity of the Warrts (if applicable) d the latest available price for the Underlying. If the Calculation Agent determines that, pursut to the rules of the Determining Futures Exchge, no adjustments are made to the Derivatives linked to the Underlying, the terms of the Warrts will regularly remain unchged. The adjusted method to determine the Differential Amount d the Multiplier d the time of its initial application shall be published in accordce with section

11 (2) If a eference Price determined d published by the respective elevt Exchge d which is used by the Calculation Agent as the basis for the calculation of the Differential Amount (the "Original Determination") is subsequently corrected d the correction (the "Corrected Value") is published by the respective elevt Exchge after the original publication, but still within one Settlement Cycle, then the Calculation Agent will notify the Issuer of the Corrected Value as soon as reasonably practicable d shall again determine the relevt value (the "eplacement Determination") by using the Corrected Value. If the result of the eplacement Determination is different from the result of the Original Determination, the Calculation Agent may, to the extent that it determines to be necessary d practicable, adjust the method to determine the Differential Amount d the Multiplier accordingly in its reasonable discretion. When determining the necessity of adjustment, the Calculation Agent will take into account the adjustment of the Derivatives linked to the Underlying actually performed by the Determining Futures Exchge. The Calculation Agent will use reasonable endeavours as to ensure that the economic position of the Warrt Holders remains unchged to the largest extent possible. Any adjustment will be made by the Calculation Agent taking into account the time to maturity of the Warrts (if applicable) d the Corrected Value. The adjusted method to determine the Differential Amount d the Multiplier d the time of its initial application shall be published in accordce with section 48. (3) Should (a) the quotation of the Underlying at the elevt Exchge, or as the case may be, Determining Futures Exchge be finally discontinued d no Substitute elevt Exchge or Substitute Futures Exchge could be determined, or (b) the Calculation Agent come to the conclusion that no reasonable adjustment is possible to account for the relevt measure of the compy that has issued the Underlying or the relevt third party, or (c) a Chge in Law d/or a Hedging Disruption d/or Increased Cost of Hedging (all as defined in 2) occur, 11

12 the Issuer is entitled to terminate the Warrts early by giving notice pursut to section 48. Such termination shall become effective at the time of the nouncement pursut to section 48 or at the time indicated in the notice. In that case, the Calculation Agent shall within 8 (eight) Bking Days before the termination becomes effective determine d publish without delay the reasonable market value of the Warrts (the "Ccellation Amount"). The Ccellation Amount will be paid pursut to the provisions in 8 to the Clearing System or to its order with the instruction for immediate forwarding to the Warrt Holders. 12

13 Provisions 7 (1), 7 (2) d 7 (3) ( Market Disruptions ) shall be read as follows: Notwithstding the conditions of 6 above, if a Market Disruption occurs on the Valuation Date, the Valuation Date will be postponed to the next following Bking Day on which the Market Disruption no longer exists. If applicable, y payment date relating to such Valuation Date shall be postponed accordingly. No interest is due because of such postponement. (2) Should the Market Disruption continue for more th 8 (eight) consecutive Bking Days, the Issuer, in its reasonable discretion, shall determine, or cause the Calculation Agent to determine in its reasonable discretion, the eference Price. The eference Price required for the determination of the Differential Amount shall be determined in accordce with prevailing market conditions around 10:00 a.m. (Mil time) on this ninth Bking Day on the basis of the last such eference Price immediately prior to the occurrence of the Market Disruption available to the Issuer or the Calculation Agent, taking into account the economic position of the Warrt Holders. However, if within these 8 (eight) Bking Days comparable Derivatives expire d are paid on the Determining Futures Exchge, the settlement price established by the Determining Futures Exchge for the comparable Derivatives will be taken into account in calculating the Differential Amount. In that case, the expiration date for these comparable Derivatives will be taken as the relevt Valuation Date. (3) "Market Disruption" mes: (a) the failure of the elevt Exchge to open for trading during its regular trading sessions, or (b) the suspension or restriction of trading in the Underlying on the elevt Exchge, or (c) in general the suspension or restriction of trading in a Derivative linked to the Underlying on the Determining Futures Exchge 13

14 to the extent that the Market Disruption occurs during the last half hour prior to the normal calculation of the eference Price of the Underlying d continues at the point of time of the normal calculation, d is material in the reasonable discretion of the Issuer. A restriction of the trading hours or the number of days on which trading takes place on the elevt Exchge, or, as the case may be, on the Determining Futures Exchge, shall not constitute a Market Disruption provided that the restriction is due to a prior nounced chge in the rules of the elevt Exchge or, as the case may be, of the Determining Futures Exchge. Payments 33. Payments: - Differential Amount: 5 (five) Bking Days following the Valuation Date - Ccellation Amount: 5 (five) Bking Days following the date of the notice or as the case may be the date of the early termination specified in such notice. 34. Business Day Convention: Following Business Day Convention 35. ounding: upwards Paying Agent, Calculation Agent 36. Principal Paying Agent: UniCredit Bk AG 37. Additional Paying Agent[s], if y: UniCredit Bk AG 38. Calculation Agent: UniCredit Bk AG Tax provisions 39. Taxation: For details, please see the Prospectus (Taxation page 561). In particular: On 13 August 2011, the Decree number 138 More urgent measures for the fincial stabilization d the development " was published on the Gazzetta Ufficiale (converted in the Law n.148 on the 14 September 2011). The Decree chged the withholding tax rates d substitute taxes of the premiums d all other income inserted in art. 44 of the Decree number 917/ 22 December 1986, d other income of the art.67 paragraph 1, letters: c-bis, c- ter, c-quarter, c- quinquies of the same Decree. In particular, this Decree provides a single rate of 20 (for income not related to corporate activity) that replaces the previous 12,50 rate on different income gained from 1 Juary 2012 in relation to derivatives contracts. Status of the Instruments 40. Status of the Instruments: Unsubordinated Governing law, Lguage 14

15 41. Governing Law: Itali law 42. Place of performce: Mil 43. Lguage of Terms d Conditions: English Amendments to the Terms d Conditions 44. Amendments to the Terms d Conditions (i) Meeting of Instrumentholders (ii) Further provisions Limited liability of the Common epresentative of the Instrumentholders 45. Fincial Centre[s] d/or other special provisions 2 relating to Payment Dates: 46. Details relating to Instalment Instruments: amount of each instalment, date on which each payment is to be made: 47. edenomination, renominalization d reconventioning provisions: Mil 48. Notices: All notices to the Warrt Holders shall be valid if published by Borsa Italia S.p.A. All notices to the Warrt Holders shall also be published by the Calculation Agent on the website In the case the notices have been published by Borsa Italia S.p.A. d the Calculation Agent on the website such notices will be considered valid from the date of publication of Borsa Italia S.p.A. 49. Correction of the Terms d Conditions of the Warrts: 50. Other terms or special conditions: Distribution 51. Method of distribution: Non-syndicated 52. If syndicated, names d addresses of Magers d underwriting commitments d details of y coordinator for the global offer or parts thereof: As specified in the Terms d Conditions of the Warrts Applicable (i) Date of [Subscription] Agreement: (ii) Stabilizing Mager[s] (if y): 53. If non-syndicated, name d address of Dealer: 54. Total commission d concession: 15

16 55. U.S. Selling restrictions: Applicable The Warrts are not eligible for sale in the U.S d cnot be offered or sold for the account or benefit of U.S persons. 56. Notification: Applicable The Bundesstalt für Finzdienstleistungsaufsicht (BaFin) has provided the Commissione Nazionale per le Società e la Borsa (CONSOB) with a certificate of approval attesting that the Prospectus has been drawn up in accordce with the Prospectus Directive. 57. Additional selling restrictions: PAT B - OTHE INFOMATION 58. Listing (i) Listing: Application will be made for listing the Warrts on the official list of Borsa Italia S.p.A. d admission to trading on SeDeX of Borsa Italia S.p.A. (ii) Admission to trading: Application will be made for the Warrts to be admitted to trading on the SeDeX market of Borsa Italia S.p.A. with effect from 2 nd March The Issuer (the "Market Maker") has undertaken to provide liquidity through bid d offer quotes in accordce with the market making rules of Borsa Italia S.p.A., where the Warrts of each Series are expected to be listed. The obligations of the Market Maker are regulated by the rules of the markets orgized d maged by Borsa Italia S.p.A., d the relevt instructions to such rules. (iii) Estimate of total expenses related to admission to trading: 59. atings: The Instruments to be issued are not expected to be rated. 60. Interests of natural d legal persons involved in the offer: Applicable UniCredit Bk AG has a conflict of interest being the Issuer of the Warrts, the Calculation Agent, the Market Maker on the SeDeX market of Borsa Italia S.p.A., where the Warrts are expected to be admitted to trading, following application by the Issuer. 61. easons for the offer/estimated net proceeds/ Estimated total expenses: Applicable (i) easons for the offer: See "General Information - Use of Proceeds d reasons for the offer" in the Prospectus. (ii) Estimated net proceeds: 16

17 (iii) Estimated total expenses: 62. Yield: Performce of, d other information concerning the Underlying: 64. Specific isk Factors relating to the calculation method for the edemption Amount linked to the Underlying or the applicable Underlying: 65. Details relating to the performce of the [Underlying][Basket Component] d the explation of the effect on the value of the Instruments: 66. estriction on the free trsferability of the Instruments: As specified in Annex II to these Final Terms As specified in Annex II to these Final Terms. None 67. Operational Information (i) ISIN: The ISIN code of each of the Warrts as specified in Annex I to these Final Terms. (ii) Common Code: (iii) WKN: The WKN of each of the Warrts as specified in Annex I to these Final Terms. (iv) Other relevt security codes: Applicable, The Trading Code of each of the Warrts as specified in Annex I to these Final Terms; The Series Number UniCredit Bk AG of each of the Warrts as specified in Annex I to these Final Terms (v) New Global Note intended to be held in a mner which would allow Eurosystem eligibility: 4 (vi) Clearing System[s]: Monte Titoli S.p.A. ("Monte Titoli") (vii) Delivery: Delivery free of payment (viii) Lead Mager's security account number: Monte Titoli account at Clearing System (issuer account) Details relating to public offer 5 Details relating to the collateralisation pursut to Collateral Trust Agreement (Sicherheitentreuhdvertrag) 70. Additional tax disclosure: 71. Additional risk factors relating to structured Instruments: For the general isk Factors in relation to 17

18 structured instruments reference is made herewith to pages 62 ff of the Prospectus d for issuer related isk Factors reference is made to pages 3 ff of the egistration Document. 72. Binding lguage of the isk Factors: The English version of the isk Factors (see isk Factors (English Version)) of this Document shall be the binding version with regard to the Instruments described herein (with a non-binding Germ trslation thereof, see isikofaktoren (Deutsche Fassung)). [LISTING AND ADMISSION TO TADING APPLICATION LISTING AND ADMISSION TO TADING APPLICATION These Final Terms comprise the details required to list d have admitted to trading the issue of Warrts described herein pursut to the Euro 50,000,000,000 Debt Issuce Programme of UniCredit Bk AG. ESPONSIBILITY The Issuer accepts responsibility for the information contained in these Final Terms. The information included in Annex II (Information about the Shares) has been extracted from the relevt euters page of the Share issuer d is not necessarily the latest information available. The Issuer confirms that such information has been accurately reproduced d that, so far as it is aware, d is able to ascertain from information published by the Share issuer, no facts have been omitted which would render the reproduced inaccurate or misleading. UniCredit Bk AG 18

19 Annex I Series Number Trche Number Series Number UniCredit Bk AG Trading code ISIN code WKN Underlying Type Underlying ISIN code 1 1 IT861 UI8265 DE000HV8F6P7 HV8F6P A2A Call IT EU IT862 UI8266 DE000HV8F6Q5 HV8F6Q A2A Call IT EU IT863 UI8267 DE000HV8F63 HV8F6 A2A Call IT EU IT864 UI8268 DE000HV8F6S1 HV8F6S A2A Put IT EU IT865 UI8269 DE000HV8F6T9 HV8F6T ANSALDO Call IT EU IT866 UI8270 DE000HV8F6U7 HV8F6U ANSALDO Call IT EU IT867 UI8271 DE000HV8AAA8 HV8AAA ANSALDO Put IT EU IT868 UI8272 DE000HV8AAB6 HV8AAB ATLANTIA Put IT EU IT869 UI8273 DE000HV8AAC4 HV8AAC ATLANTIA Call IT EU IT870 UI8274 DE000HV8AAD2 HV8AAD ATLANTIA Call IT EU IT871 UI8275 DE000HV8AAE0 HV8AAE ATLANTIA Put IT EU IT872 UI8276 DE000HV8AAF7 HV8AAF AUTOGILL Call IT EU IT873 UI8277 DE000HV8AAG5 HV8AAG AUTOGILL Call IT EU IT874 UI8278 DE000HV8AAH3 HV8AAH AUTOGILL Put IT EU IT875 UI8279 DE000HV8AAJ9 HV8AAJ AZIMUT HOLDING SPA 16 1 IT876 UI8280 DE000HV8AAK7 HV8AAK AZIMUT HOLDING SPA 17 1 IT877 UI8281 DE000HV8AAL5 HV8AAL AZIMUT HOLDING SPA 18 1 IT878 UI8282 DE000HV8AAM3 HV8AAM AZIMUT HOLDING SPA 19 1 IT879 UI8283 DE000HV8AAN1 HV8AAN B.POP.EMILIA OMAGNA 20 1 IT880 UI8284 DE000HV8AAP6 HV8AAP B.POP.EMILIA OMAGNA 21 1 IT881 UI8285 DE000HV8AAQ4 HV8AAQ B.POP.EMILIA OMAGNA 22 1 IT882 UI8286 DE000HV8AA2 HV8AA BANCA POP. MILANO 23 1 IT883 UI8287 DE000HV8AAS0 HV8AAS BANCA POP. MILANO 24 1 IT884 UI8288 DE000HV8AAT8 HV8AAT BANCA POP. MILANO Strike Price Put IT EU 6.5 Call IT EU 6.5 Call IT EU 8 Put IT EU 6.5 Call IT EU 6 Call IT EU 7.5 Put IT EU 5.5 Call IT EU 0.6 Put IT EU 0.5 Call IT EU 0.45 Issue Date Maturity Date Maximum Number of Warrts of each Series being issued Number of Warrts of each Trche being issued Europe /Am eric Minim um Tradin g Size Volatil ity 1, , , , , , , , , , , , , , , , , , , , , , , , isk free rate Indicat ive Issue Price EU Underl ying Asset Price Un de rlyi ng Cu rre nc y EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU Minim um Unit Maxim um Unit Exchge 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 19

20 25 1 IT885 UI8289 DE000HV8AAU6 HV8AAU BANCA POP. MILANO 26 1 IT886 UI8290 DE000HV8AAV4 HV8AAV BANCA POP. MILANO 27 1 IT887 UI8291 DE000HV8AAW2 HV8AAW BANCO POPOLAE 28 1 IT888 UI8292 DE000HV8AAX0 HV8AAX BANCO POPOLAE 29 1 IT889 UI8293 DE000HV8AAY8 HV8AAY BANCO POPOLAE 30 1 IT890 UI8294 DE000HV8AAZ5 HV8AAZ BANCO POPOLAE Call IT EU 0.5 Put IT EU 0.45 Call IT EU 1.45 Call IT EU 1.65 Call IT EU 1.85 Put IT EU IT891 UI8295 DE000HV8AA06 HV8AA0 BUZZI UNICEM Call IT EU IT892 UI8296 DE000HV8AA14 HV8AA1 BUZZI UNICEM Call IT EU IT893 UI8297 DE000HV8AA22 HV8AA2 BUZZI UNICEM Call IT EU IT894 UI8298 DE000HV8AA30 HV8AA3 BUZZI UNICEM Call IT EU IT895 UI8299 DE000HV8AA48 HV8AA4 CAMPAI Call IT EU IT896 UI8300 DE000HV8AA55 HV8AA5 CAMPAI Put IT EU IT897 UI8301 DE000HV8AA63 HV8AA6 CAMPAI Call IT EU IT898 UI8302 DE000HV8AA71 HV8AA7 CAMPAI Call IT EU IT899 UI8303 DE000HV8AA89 HV8AA8 CAMPAI Put IT EU IT900 UI8304 DE000HV8AA97 HV8AA9 DIASOIN SPA Call IT EU IT901 UI8305 DE000HV8ABA6 HV8ABA DIASOIN SPA Call IT EU IT902 UI8306 DE000HV8ABB4 HV8ABB DIASOIN SPA Put IT EU IT903 UI8307 DE000HV8ABC2 HV8ABC ENEL Call IT EU IT904 UI8308 DE000HV8ABD0 HV8ABD ENEL Call IT EU IT905 UI8309 DE000HV8ABE8 HV8ABE ENEL Call IT EU IT906 UI8310 DE000HV8ABF5 HV8ABF ENEL Call IT EU IT907 UI8311 DE000HV8ABG3 HV8ABG ENEL Put IT EU IT908 UI8312 DE000HV8ABH1 HV8ABH ENEL Put IT EU IT909 UI8313 DE000HV8ABJ7 HV8ABJ ENEL Put IT EU IT910 UI8314 DE000HV8ABK5 HV8ABK ENEL GEEN POWE 51 1 IT911 UI8315 DE000HV8ABL3 HV8ABL ENEL GEEN POWE 52 1 IT912 UI8316 DE000HV8ABM1 HV8ABM ENEL GEEN POWE 53 1 IT913 UI8317 DE000HV8ABN9 HV8ABN ENEL GEEN POWE 54 1 IT914 UI8318 DE000HV8ABP4 HV8ABP ENEL GEEN POWE Call IT EU 1.45 Call IT EU 1.7 Call IT EU 1.9 Put IT EU 1.4 Put IT EU IT915 UI8319 DE000HV8ABQ2 HV8ABQ ENI Call IT EU IT916 UI8320 DE000HV8AB0 HV8AB ENI Call IT EU 22 1, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU EU 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 1,000 10,000 Borsa Italia 20