Single Barrier Reverse Convertible on GERDAU SA -SPON ADR

Coupon 15% p.a. - American Barrier at 80% - 3 Months - USD

Details Redemption
Issuer EFG Financial Products
Guarantor EFG International On 26.03.2010 Client pays USD 1000 (Denomination)
Rating: Fitch A
Underlying GERDAU SA -SPON ADR On 17.06.2010 Client receiv es 3.75% in fine (15% p.a.) Coupon
Bbg Ticker GGB UN Equity
Payment Date 26.03.2010 PLUS
Valuation Date 14.06.2010
Maturity 17.06.2010 Scenario 1: if the Underlying has never traded at or below the Barrier level
Strike Level USD 15.62 (100%)
The Investor will receive a Cash Settlement equal to the Denomination
Barrier Level USD 12.5 (80%)
EU Saving Tax Option Premium Component 3.69% (14.74% p.a.)
Scenario 2: if the Underlying traded at least once at or below the Barrier level
Interest Component 0.06% (0.26% p.a.)
Details Physical Settlement Barrier a. If the Final Fixing Level is at or below the Strike Level, the Investor will
Conversion Ratio 64.02 receive a predefined round number (i.e. Conversion Ratio) of the
ISIN CH0111080575 Underlying per Denomination.
Valoren 11108057
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_______________________________________________________________________________________________________________________________________________________

Gerdau S.A. manufactures steel. The Company produces crude, long, specialty, rolled, and drawn steel products. Gerdau manufactures its steel primarily
in mini-mills. The Company operates in Brazil, Uruguay, Chile, Argentina, Canada, and the United States.

Opportunities______________________________________________________________ Risks__________________________________________________________________________
1. A guaranteed Coupon of 3.75% in fine (15% p.a.) 1. Maximum yield is limited to 3.75% in fine (15% 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 3.75% in fine (15% p.a.) Redemption: Underlying + Coupon of 3.75% in fine (15% p.a.)

Historical Chart
20 importer depuis la deuxieme feuille Redemption: 100% and a Coupon
of 3.75% in fine (15% p.a.)
18
Strike: USD 15.62 (100% of Spot Reference)
16

14 20% Protection
Barrier: USD 12.496 (80% of Strike Level)
12

10

8
Redemption: 64.02 shares and a
6 Coupon of 3.75% in fine (15% p.a.)

0
Aug-08 Nov-08 Feb-09 May-09 Aug-09 Nov-09 Feb-10

Contacts
Filippo Colombo Christ ophe Spanier Nat hanael Gabay
Bruno Frat eschi +41 58 800 10 45 Sofiane Zaiem
St anislas Perromat +41 22 918 70 05
Alejandro Pou Cut uri 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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