Termsheet - 2 year certificate on silver

Bank XXX
AA- by S&P
Subscription Period
12 June 2009 - 6 July 2009
Fixing Date
7 July 2009
Issue Date
8 July 2009
Initial Settlement Date
14 July 2009
Issue Price
USD 101
Issue Size
Upto 100,000 certificates
Notional Amount(N)
Issue size * USD 100
Final Valuation Date
7 July 2011
Final Settlement Date
5 Business days following Final Valuation Date
Settlement Currency
Redemption Amount
If CommodityMIN>=Barrier * CommodityINITIAL,


CommodityINTIAL = The last trading price of underlying on the fixing date
CommodityFINAL = The last trading price of underlying on the Final valuation date
CommodityMIN = Minimum value of the underlying from the fixing date to Final valuation date
R = Redemption Amount
Barrier = 50%
P = Participation rate greater than 200% to be decided on the fixing date


Structured transactions are complex and may involve a high risk of loss. Prior to entering into a transaction you should consult with your own legal, regulatory, tax, financial and accounting advisors to the extent you consider it necessary, and make your own investment, hedging and trading decisions (including decisions regarding the suitability of this transaction) based upon your own judgement and advice from those advisers you consider

This document is for information purposes only and should not be construed as an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. The terms of any investment will be exclusively subject to the detailed provisions, including risk considerations, contained in the Information Memorandum.