Dalafinanz Bond

EURO 18 Months
8% Coupon Note

Page 1 of 3 Indicative Terms and Conditions 5 May 2015

Issuer: Dalafinanz S.A., is a Luxembourg public limited liability company

See additional information, also part of the official offering documentation
Format: SPV, Special Purpose Vehicle
Status: Senior, unsubordinated
Custodian Bank: CACEIS Bank Luxembourg,
5, Allee Scheffer, L-2520 Luxembourg
Paying Agent: CACEIS Bank Luxembourg,
5, Allee Scheffer, L-2520 Luxembourg
Calculation Agent: Issuer
15, rue Edward Steichen, L-2520 Luxembourg
Issue Size: EURO [40,000,000]
Currency EURO
Trade Date: [10 February 2015]
Issue Date: [13 February 2015]
Maturity Date: [20 November 2016]
Issue Price: 100%
Interest: 8.00%
Market Maker: Bernecker & Cie Portfolio and Trust AG
Liquidity: Given normal market conditions the issuer is providing and guaranteeing a monthly
bid/ask and liquidity of 250.000 Euro and therefore assures monthly liquidity
Bernecker Asset management acting as both market maker and guarantor of the issued
note will assure and guarantee the liquidity as stated above.
Interest Payment Date: Payment 1 on 19 May 2015: 4%
Payment 2 on 20 November 2015: 4%
Payment 3 on 20 May 2016: 4%
Payment 4 on 20 November 2016: 4%
30/360 unadjusted
Redemption at maturity: 100.00% plus:
4%, see second coupon payment
Listing: Cayman Islands Stock Exchange, CSX
Denominations: EUR 100,000

1
Bernecker & Cie Portfolio und Trust AG, General-Wille-Strasse 84, CH-8706 Feldmeilen/ZH
Tel +41 (0)43 277 93 33, Fax +41 (0)43 277 93 35
| www.bernecker-ptag.ch
Business Days: Zurich and Luxembourg

Capital Guarantee: 100% at maturity

ISIN Dalafinanz Bond: [XS1147456690]
BLOOMBERG/REUTERS will follow

Documentation: The terms and conditions of the Notes will be contained in the Offering
Circular/Listing Document. Capitalised terms used in this term sheet, and not defined
here, are as defined in the Offering Circular/Listing Document.
Auditor: International Audit Services (Luxembourg)
15, rue Edward Steichen, L-2520 Luxembourg
Suitability: Investors should determine whether an investment in the Notes is appropriate to their
particular circumstances and should consult with their own independent financial,
legal, regulatory capital, accounting, business and tax advisers to determine the
consequences of an investment in the Notes and to arrive at their own evaluation of the
investment.
Credit Risk: Investors in these Notes are exposed to the credit risk of the Issuer and Guarantor as
applicable. Due to a ring fenced SPV construction credit risk of the Issuer is very low.
Due to the Guarantor there is no additional credit risk on the underlying index,
Madeira Minerals Ltd.
Secondary Market: The appointed market maker intends to make a secondary market in relation to these
securities and to provide a monthly bid/ask price &liquidity
Guarantor: Full Corporate Guarantee for interest and principle given by “Bernecker & Cie
Portfolio and Trust AG”, an independent swiss asset manager with offices in
Germany and Switzerland, holding 250 Mio. Assets under Management.
http://www.bernecker-ptag.ch/
The swiss and german based asset management firm is a subsidiary of BERNECKER
Group, Germany.
http://www.berneckerverlag.ch/
BERNECKER Group is a well known publishing house providing a monthly
investment newsletter for financial markets with more than 14.000 subscribers:
www.zuercherfinanzbrief.ch
Jurisdication: Luxembourg
Tax risk: We recommend investors take independent tax advice before committing to the
purchase of the Notes. Dalafinanz S.A. and the Calculation agent do not provide tax
advice and therefore responsibility for any tax implications of investing in these Notes
rests entirely with each investor.
Fees and other Investors should be aware that the distributor and other third parties that may be
compensation: involved in this transaction may make or receive a fee, commission or other
compensation in connection with the purchase and sale of the Notes. Investors must
note that the market value of the Notes will be net of such fee and other compensation
as discussed above.
Distributor: Issuer, Bernecker & Cie Portfolio and Trust AG and its affiliates

2
Bernecker & Cie Portfolio und Trust AG, General-Wille-Strasse 84, CH-8706 Feldmeilen/ZH
Tel +41 (0)43 277 93 33, Fax +41 (0)43 277 93 35
| www.bernecker-ptag.ch
 DISCLAIMER
5 May 2015

This material is confidential, and is not intended to be used by any party other than the
party to which it was sent by the distributor and its affiliates.

This information does not purport to be a complete description of these securities or the
offering. Please refer to the Offering Circular, the relevant product supplement, and
pricing supplement for a complete description.

This communication does not constitute an offer to sell or the solicitation of an offer to
buy any securities in any jurisdiction to any person to whom it is unlawful to make such
offer or solicitation in such jurisdiction.
This material contains indicative terms only and describes a series of securities which may
not be suitable for all investors. This material is for discussion purposes only.

Final terms and conditions are subject to further discussion and negotiation and are subject
to market movements.

These indicative terms cannot be relied upon as a representation that a transaction could
have been or can be effected on the terms stated.

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Bernecker & Cie Portfolio und Trust AG, General-Wille-Strasse 84, CH-8706 Feldmeilen/ZH
Tel +41 (0)43 277 93 33, Fax +41 (0)43 277 93 35
| www.bernecker-ptag.ch