Single Barrier Reverse Convertible on AXA SA

Coupon 11.5% p.a.; 6 Months; EUR; Barrier at 80%

Details Redemption
Issuer EFG Financial Products
Guarantor EFG International On 18.08.2009 Client pays EUR 1000 (Denomination)
Rating: Fitch A
Underlying AXA SA On 18.02.2010 Client receiv es 5.75% in fine (11.5% p.a.) Coupon
Bbg Ticker CS FP Equity
Payment Date 18.08.2009 PLUS
Valuation Date 15.02.2010
Maturity 18.02.2010 Scenario 1: if the Final Fixing Lev el is above the Barrier Level
Strike Level EUR 15.95 (100%)
The Investor will receive a Cash Settlement equal to the Denomination
Barrier Level EUR 12.76 (80%)
EU Saving Tax Option Premium Component 5.18% (10.37% p.a.)
Scenario 2: if the Final Fixing Lev el is at or below the Barrier Level
Interest Component 0.57% (1.13% p.a.)
Details Physical Settlement European Barrier The Investor will receive a predefined round number (i.e. Conversion
Conversion Ratio 62.7 Ratio) of the Underlying per Denomination.
ISIN CH0103367584
Valoren 10336758
SIX Symbol not listed

Characteristics
Underlying_______________________________________________________________________________________________________________________________________________________

AXA SA is an insurance company which also provides related financial services. The Company offers life and non-life insurance, reinsurance, savings and
pension products, and asset management services. AXA operates in both domestic and international markets.

Opportunities______________________________________________________________ Risks__________________________________________________________________________
1. A guaranteed Coupon of 5.75% in fine (11.5% p.a.) 1. Maximum yield is limited to 5.75% in fine (11.5% p.a.)
2. Protection against 20% drop in Underlying's price 2. Exposure to v olatility changes
3. Barrier is only observ ed on the Final Fixing Date
4. Low er v olatility than direct equity exposure
5. Secondary market as liquid as a share

Best case scenario_________________________________________________________ Worst case scenario___________________________________________________________

The Underlying is abov e the Barrier on the Final Fixing Date The Underlying closes at or below the Barrier Lev el on the Final Fixing Date

Redemption: Denomination + Coupon of 5.75% in fine (11.5% p.a.) Redemption: Underlying + Coupon of 5.75% in fine (11.5% p.a.)

Historical Chart
40 importer depuis la deuxieme feuille
Redemption: 100% and a Coupon of 5.75% in fine (11.5% p.a.)
35

30

25

20
Strike: EUR 15.95 (100% of Spot Reference)
15 Barrier: EUR 12.76 (80% of Strike Level) 20% Protection
10

5
Redemption: 62.7 shares and a Coupon of 5.75% in fine (11.5% p.a.)
0
Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09

Contacts
Filippo Colombo Christ ophe Spanier Nat hanael Gabay
Bruno Frateschi +41 58 800 10 45 Sofiane Zaiem
St anislas 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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