The Terms and Conditions of this Product have been adjusted due to Corporate Actions. Underlying

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1 Termsheet contingent capital protection SSPA Product Type: 1410 Issuer Risk Contingent Capital Protected Certificate with Coupon on a Share Basket with a Reference Bond (Bank of Ireland) % Contingent Capital Protection Credit Risk of Reference Bond Issuer Quanto EUR Final Fixing Date 20/03/2018; issued in EUR; listed on SIX Swiss Exchange Investors should read the section Significant Risks below as well as the section Risk Factors of the relevant Programme. The Certificates are documented pursuant to the existing Programme and are in addition subject to the 2003 ISDA Credit Derivatives Definitions, as supplemented by the 2009 ISDA Credit Derivatives Determinations Committees, Auction Settlement and Restructuring Supplement to the 2003 ISDA Credit Derivatives Definitions. This Product is a derivative instrument. It does not qualify as unit of a collective investment scheme pursuant to art. 7 et seqq. of the Swiss Federal Act on Collective Investment Schemes (CISA) and is therefore neither registered nor supervised by the Swiss Financial Market Supervisory Authority FINMA. Investors do not benefit from the specific investor protection provided under the CISA. I. PRODUCT DESCRIPTION Product description The Product provides credit exposure to the Reference Bond / Reference Entity. Unless a Credit Event with respect to the Reference Bond / Reference Entity occurred, the product redeems at 100% of Denomination on the Redemption Date. In addition, the investor has the possibility to receive a coupon subject to the price development of the Underlying Components. Further details can be found in section Redemption. The Terms and Conditions of this Product have been adjusted due to Corporate Actions. Underlying Underlying (Basket), consisting of the following Underlying Components: i Underlying Component(s) Bloomberg Ticker Related Exchange * levels are expressed in percentage of the Initial Fixing Level Initial Fixing Level (100%)* 1 ASTRAZENECA PLC AZN LN London Stock Exchange GBp BRISTOL-MYERS SQUIBB CO BMY UN NYSE USD LIBERTY GLOBAL PLC LBTYA UQ NASDAQ USD CARREFOUR SA CA FP Euronext Paris EUR DEUTSCHE TELEKOM AG-REG DTE GY Xetra EUR GLAXOSMITHKLINE PLC GSK LN London Stock Exchange GBp METRO WHOLESALE & FOOD SPECI B4B GY Xetra EUR NESTLE SA-REG NESN SW SIX Swiss Exchange CHF PEPSICO INC PEP UQ NYSE USD REPSOL SA REP SQ Madrid Stock Exchange EUR ROYAL DUTCH SHELL PLC-A SHS RDSA NA Euronext Amsterdam EUR TESCO PLC TSCO LN London Stock Exchange GBp TOTAL SA FP FP Euronext Paris EUR UNILEVER PLC ULVR LN London Stock Exchange GBp VODAFONE GROUP PLC VOD LN London Stock Exchange GBp Initial Fixing Date 15/04/2013 OVER Final Fixing Date 20/03/2018

2 Reference Bond / Reference Entity Reference Bond Reference Bond Issuer / Entity 4% EUR Bond Bank of Ireland Bank of Ireland Rating (source: Bloomberg) Moody s: Ba1 S&P: BBB+ ISIN Maturity XS /01/2015 The Issuer can replace the Reference Bond in accordance with Markit RED and as determined by the Calculation Agent in its sole and absolute discretion. Product Details Swiss Security Number ISIN CH SIX Symbol EFGFLK Issue Price % Issue Size EUR (can be increased at any time) Denomination EUR Settlement Currency EUR Currency Protection Quanto EUR Contingent Capital Protection % Bondfloor at issuance 88.42% (implied Yield: 2.52%) The implied Yield includes 1.71% spread(s) from the Reference Bond(s). Dates Initial Fixing Date 15/04/2013 Issue Date 22/04/2013 First Exchange Trading Date 22/04/2013 Last Trading Day/Time 20/03/2018 / market close Final Fixing Date Redemption Date / Maturity Date Coupon Observation Dates 20/03/2018 (subject to Market Disruption Event provisions) 03/04/2018 (subject to Settlement Disruption Event provisions and possible credit event investigations) j Coupon Observation Dates 1 20/03/ /03/ /03/ /03/ /03/2018 If any of the above-mentioned Coupon Observation Dates is not an Exchange Business Day for an Underlying Component, the next following Exchange Business Day for that Underlying Component shall be the respective Coupon Observation Date. General Terms and Conditions 9 apply also to the Coupon Observation Dates as if they were Final Fixing Dates. If any of the above-mentioned Coupon Payment Dates is not a Business Day, the next following Business Day will apply. Redemption Scenario 1 Provided no Credit Event occurred, the Investor is entitled to receive from the Issuer on the Redemption Date per each Certificate a Cash Settlement according to the following formula: Denomination x (Contingent Capital Protection + SumCoupon) Page 2 of 12

3 Scenario 2 Provided a Credit Event occurred, the Investor is entitled to receive from the Issuer five Business Days following the Notification Date per each Certificate a Cash Settlement equal to: Liquidation Amount SumCoupon Means the sum of all coupons according to the following formula : 5 Couponj SumCoupon j 1 Coupon j Means the coupon calculated on the Coupon Observation Datej according to the following formula : Coupon j Max(0; 15 i 1 RecordedPerformance 15 j i ) RecordedPerformancei j On each Coupon Observation Datej the performance of each Underlying Componenti since Initial Fixing Date ( Performancei j ) is ranked from the highest to the lowest. If Performancei j is among the 10 best performances (included) : RecordedPerformancei j = MaxCoupon If Performancei j is among the 5 worst performances (included) : RecordedPerformancei j = Performancei j Where : MaxCoupon 10.25% Performanc e j i j Fixing i Initial Fixing Level i 1 Fixingi j means the closing price of the Underlying Componenti on Coupon Observation Datej Liquidation Amount The Liquidation Amount is expressed in the Settlement Currency and equals the sum of all net proceeds for unwinding any hedge position related to the Reference Bond (whether by direct or synthetic exposure to it) and less any costs generated by the unwind of its hedging positions. The Liquidation Amount will be calculated by the Calculation Agent in its sole and absolute discretion. The Calculation Agent will publish the Liquidation Amount as soon as possible following a Credit Event or the exercise of the Issuer Termination Right, according to article 20 of the Programme. Initial Fixing Level Credit Event Official close of the Underlying on the Initial Fixing Date as calculated and published by the Index Sponsor and as determined by the Calculation Agent. The Calculation Agent determines in its sole and absolute discretion that a Credit Event occurred if: 1. The Reference Bond Issuer fails to make, when and where due any interest, redemption or other payment as defined in the terms and conditions of the Reference Bond as of the Initial Fixing Date of this Product, or Page 3 of 12

4 2. an event has occurred that causes payments (interest, redemption or other payments) to be delayed or different in amount as per the terms and conditions of the Reference Bond as of the Initial Fixing Date of this Product, or 3. a credit event (as defined in the ISDA Definitions) has occurred with respect to the Reference Bond or to the Reference Bond Issuer, or 4. any other event occurs with respect to Reference Bond Issuer which may result in a non-payment or late payment of any amount due. A Credit Event will be published by the Issuer according to article 20 of the Programme. ISDA Definitions 2003 ISDA Credit Derivatives Definitions as supplemented by the 2009 ISDA Credit Derivatives Determinations Committees, Auction Settlement and Restructuring Supplement to the 2003 ISDA Credit Derivatives Definitions as published by the International Swaps and Derivatives Association, Inc. The Calculation Agent has the right to replace and supplement the ISDA Definitions by any later definitions published by the International Swaps and Derivatives Association, Inc. In the event of any inconsistency between the ISDA Definitions and this Termsheet, this Termsheet will govern. Issuer Termination Right The Issuer may call all Certificates for Early Redemption on any Business Day by announcement of the exercise of its Termination Right on the Paying Agent s website notifying the Final Fixing Date and the Early Redemption Date. The Issuer will announce such exercise with a termination notice (the Termination Notice ) in accordance with General Terms and Conditions paragraphs 8.8, 15 and 20 of the Programme. The Issuer may exercise the Issuer Early Redemption Right in case of (but not limited to), a Credit Event, the adoption of or any change in any directly or indirectly applicable law or regulation (including, without limitation, any tax law), or the promulgation of or any change in the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or regulation (including action taken by a taxing authority) which, in the determination of the Calculation Agent (in its sole discretion), would (i) make it illegal for the Calculation Agent to perform its duties or (ii) cause the Calculation Agent to incur a materially increased cost in performing its obligations. Reference Bond Issuer Call Event and Issuer Substitution Right Reference Bond Issuer Call Event Means any redemption (full or partial) of any Reference Bond by the Reference Bond Issuer (e.g. exercising a redemption option, redemption right or call right but excluding the ordinary redemption at maturity), as reasonably determined by the Calculation Agent in his sole and absolute discretion. Following a Reference Bond Issuer Call Event, the Issuer has the right but not the obligation to exercise the Issuer Substitution Right. Page 4 of 12

5 Issuer Substitution Right In case of (but not limited) to a) a Reference Bond Issuer Call Event or, b) any corporate action of the Reference Bond (excluding any Credit Event as defined herein) or c) a restructuring of the Reference Bond or d) the ordinary redemption of the Reference Bond, the Issuer will substitute the Reference Bond by another bond issued by the Reference Bond Issuer (the Replacement Reference Bond ) and, if needed, will carry on substituting the Replacement Reference Bond on its maturity date with a new Replacement Reference Bond. In case no suitable Replacement Reference Bond is found the Issuer may exercise the Issuer Termination Right otherwise the Certificate continues to exist. In addition the Issuer has the right to replace the current Reference Bond by any bond of the Reference Entity according to Markit publication at any time. General Information Issuer EFG International Finance (Guernsey) Ltd., St Peter Port, Guernsey Guarantor EFG Bank AG, Zurich (Rating: Fitch A with stable outlook, Moody s A2 with stable outlook) Lead Manager/Distributor EFG Financial Products AG, Zurich, Switzerland Calculation Agent EFG Financial Products AG, Zurich, Switzerland Paying Agent EFG Financial Products AG, Zurich, Switzerland Distribution Fees Relevant Fees (as defined in article 27 of the General Terms and Conditions which are a part of the Programme) Listing/Exchange SIX Swiss Exchange; traded on Scoach Schweiz AG Listing will be applied for. Secondary Market The Issuer may not provide secondary market prices for these Certificates. For any buy back transaction, a minimum period of 15 Business Days between the trade date and the Redemption Date shall apply. Quotation Type Secondary market prices are quoted in percentage. Settlement Type Cash Settlement Minimum Investment EUR Minimum Trading Size EUR Selling Restrictions No action has been or will be taken to permit a public offering of the Products or possession or distribution of any offering material in relation to the Products in any jurisdiction where such action for that purpose is required. Consequently, any offer, sale or delivery of the Products, or distribution or publication of any offering material relating to the Products, may only be made in or from any jurisdiction in compliance with applicable laws and regulations not imposing any obligations on the Issuing Parties or the Lead Manager. Most important jurisdictions where the Products may not be publicly distributed are EEA, UK, Hong Kong and Singapore. The Products may not be offered or sold within the United States or to, or for the account or benefit of US persons (as defined in Regulation S). Detailed information on Selling Restrictions is published in the Programme which is available on Non-qualified investors (qualified investors as defined in Section 10 CISA) Clearing SIX SIS AG, Euroclear, Clearstream Depository SIX SIS AG Public Offering N/A Form Uncertificated Security / Book-entry Governing Law/Jurisdiction Swiss/ Zurich The definition Issuing Party/Parties as used herein, means the Issuer and the Guarantor, as indicated in section General Information. Page 5 of 12

6 Taxation Switzerland Swiss Federal Stamp Duty Swiss Federal Income Tax (for private investors with tax domicile in Switzerland) Swiss Withholding Tax EU Savings Tax For Swiss stamp duty purpose, the Product is treated as analogous to a bond. Therefore, secondary market transactions are in principle subject to Swiss stamp duty (TK22). For tax purposes this Product is classified as transparent, where the majority of the return of the bond part is in the form of a discount or of one payment on the Redemption Date (IUP). Therefore, for private Investors with tax domicile in Switzerland holding the Product as part of their private property, the increase of the value of the bond part (according to the Modifizierte Differenzbesteuerung ) at sale or at redemption is subject to the Federal Direct Tax. The present value of the bond part at issue is the Bondfloor per unit. An Investor who buys the Product at issuance and holds it until Redemption is taxed on the difference between the Bondfloor at the Issue Date and the Bondfloor at the Redemption Date. However, any gain derived from the option is considered as capital gain and is therefore for such taxpayers not subject to the Federal Direct Tax. The tax treatment regarding the cantonal and communal income taxes can differ from the tax treatment regarding the Federal Direct Tax. But in general the income tax treatments are corresponding. The assessment of the Swiss Federal Income Tax is subject to adjustments due to possible changes in market conditions. The Product is not subject to the Swiss withholding tax. For Swiss paying agents, the Product is not subject to the EU Savings tax (TK2). The tax information is a non-binding summary and only provides a general overview of the potential tax consequences linked to this Product at the time of issue. Tax laws and tax doctrine may change at any time, possibly with retroactive effect. Investors and prospective Investors are advised to consult with their tax advisers with respect to the Swiss tax consequences of the purchase, ownership, disposition, lapse or exercise or redemption of a Product in light of their particular circumstances. The Issuing Parties and the Lead Manager hereby expressly exclude any liability in respect of any possible tax implications. Updated bondfloor information, if a bondfloor is applicable to the Product (according to Product Details and Taxation Switzerland herein), can be found on the following web page of the Swiss Federal Tax Administration (FTA): Product Documentation The Termsheet contains a summary of information of the Product and is for information purposes only. Only the Final Termsheet in English language together with the Derivative Programme of the relevant Issuer valid as per the Initial Fixing Date containing all further relevant terms and conditions, as such is amended from time to time (the Programme ), shall form the entire and legally binding documentation for this Product ( Product Documentation ), and accordingly the Final Termsheet should always be read together with the Programme. Definitions used in the Final Termsheet, but not defined therein, shall have the meaning given to them in the Programme. Notices to Investors in connection with this Product shall be validly given in accordance with the terms and conditions of the Programme. In addition, any changes with regard to the terms and conditions of this Product will be published on the relevant Termsheet on under the section Products or, for listed products, in any other form as permitted by the rules and regulations of the SIX Swiss Exchange Ltd. Notices to Investors relating to the Issuing Parties will be published under the section About us on and/or on the web page of the respective Issuing Party. During the whole term of this Product, the Product Documentation can be ordered free of charge from the Lead Manager at Brandschenkestrasse 90, P.O. Box 1686, CH-8027 Zurich (Switzerland), via telephone (+41-(0) *), fax (+41-(0) ) or via (termsheet@efgfp.com). Please note that all calls made to numbers marked with an asterisk (*) are recorded. By calling such number, your consent to the recording is deemed given. II. PROSPECTS FOR PROFIT AND LOSS This product falls within the category Capital Protection. Depending on whether the Product is capped or not, the profit an Investor could realize with this Product at redemption is limited (with cap) or unlimited (without cap). Any profit is composed of the invested capital (excluding any transaction or other costs) multiplied by the Capital Protection plus any additional (guaranteed and/or conditional) payments such as coupon or participation payments, bonuses or others. On the downside the Investor s exposure to the Underlying(s) is floored at the Capital Protection level. Please refer to the sections Product Description and Redemption for more detailed information on the characteristics of this Product. Page 6 of 12

7 III. SIGNIFICANT RISKS Risk Factor relating to the Product The payment of principal and interest is linked to the creditworthiness of the Reference Bond / Reference Entity. The Investor bears therefore the risk of the Reference Bond / Reference Entity. In case of a Credit Event the Investor might lose his total investment. Additional Risk Factors Prospective Investors should ensure that they fully understand the nature of this Product and the extent of their exposure to risks and they should consider the suitability of this Product as an investment in the light of their own circumstances and financial condition. Products involve a high degree of risk, including the potential risk of expiring worthless. Potential Investors should be prepared in certain circumstances to sustain a total loss of the capital invested to purchase this Product. Prospective Investors shall consider the following important risk factors and see the section "Risk Factors" of the Programme for details on all other risk factors to be considered. This is a structured product involving derivative components. Investors should make sure that their advisors have verified that this Product is suitable for the portfolio of the investor taking into account the investor's financial situation, investment experience and investment objectives. The terms and conditions of the Product may be subject to adjustments during the lifetime of the Product as set out in the Programme. Investors whose usual currency is not the currency in which the product is redeemed should be aware of their possible currency risk. The value of the Product may not correlate with the value of the Underlying(s). Market risks The general market performance of securities is dependent, in particular, on the development of the capital markets which, for their part, are influenced by the general global economic situation as well as by the economic and political framework conditions in the respective countries (so-called market risk). Changes to market prices such as interest rates, commodity prices or corresponding volatilities may have a negative effect on the valuation of the Underlying(s) or the Product. There is also the risk of market disruptions (such as trading or stock market interruptions or discontinuation of trading) or other unforeseeable occurrences concerning the respective Underlyings and/or their stock exchanges or markets taking place during the term or upon maturity of the Products. Such occurrences can have an effect on the time of redemption and/or on the value of the Products. Credit Risk of Issuing Parties Investors bear the credit risk of the Issuing Parties of the Product. The Products constitute unsubordinated and unsecured obligations of the relevant Issuing Party and rank pari passu with each and all other current and future unsubordinated and unsecured obligations of the relevant Issuing Party. The insolvency of an Issuing Party may lead to a partly or total loss of the invested capital. Potential Investors should note that the Issuer is not rated by the credit rating agencies, i.e. there is no credit rating for the Issuer. Secondary Market The Issuer and/or the Lead Manager or any third party appointed by the Issuer, as applicable, intends, under normal market conditions, to provide bid and offer prices for the Products on a regular basis. However, the Issuer and/or the Lead Manager, as applicable, make no firm commitment to provide liquidity by means of bid and offer prices for the Products, and assume no legal obligation to quote any such prices or with respect to the level or determination of such prices. In special market situations, where the Issuer and/or the Lead Manager is/are unable to enter into hedging transactions, or where such transactions are very difficult to enter into, the spread between the bid and offer prices may be temporarily expanded, in order to limit the economic risks of the Issuer and/or the Lead Manager. Additional Information / Disclaimer Prudential Supervision EFG International Finance (Guernsey) Ltd. falls within the consolidated regulatory supervision of EFG International AG by the FINMA and is neither licensed nor supervised by any Guernsey authority. Consent under the Control of Borrowing (Bailiwick of Guernsey) Ordinances has been obtained for the issue. Neither the GFSC nor the States of Guernsey Policy Council takes any responsibility for the financial soundness of the Issuer or for the correctness of any of the statements made. EFG International AG, Zurich is regulated by the FINMA on a consolidated basis. Conflict of Interests The Issuing Parties and/or the Lead Manager and/or any third party appointed by them, as the case may be, may from time to time, as principal or agent, have positions in, or may buy or sell, or make a market as well as be active on both sides of the market at the same time in any securities, currencies, financial instruments or other assets underlying the products to Page 7 of 12

8 which this document relates. The Issuer s and/or Lead Manager's and/or the appointed third party's trading and/or hedging activities related to this transaction may have an impact on the price of the Underlying and may affect the likelihood that any relevant Barrier Level, if any, is reached. Remunerations to Third Parties Depending on the circumstances the Issuer and/or Lead Manager may sell this Product to financial institutions or intermediaries at a discount to the Issue Price or reimburse a certain amount to such financial institutions or intermediaries (reference is made to section General Information herein, where such fees, if applicable, will be disclosed). In addition, for certain services rendered by distribution partners and to increase quality and services relating to the Products, the Issuer and/or Lead Manager may from time to time pay trailer fees to such third parties. Further information is available on request. No Offer The indicative Termsheet should not be construed as an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. No Representation The Issuer, the Lead Manager and any third party appointed by them make no representation or warranty relating to any information herein which is derived from independent sources. Page 8 of 12

9 Appendix A Reference Bond(s)/Entity i Reference Bond 1 4% EUR Bond Bank of Ireland Reference Bond Issuer / Entity Bank of Ireland Rating (source: Bloomberg) ISIN Maturity Moody s: Ba1 S&P: BBB+ XS /01/2015 Page 9 of 12

10 Amendment 17/06/2013 Name Change Effective Date: 17/06/2013 EFG Financial Products AG changes its company name. Company name new: Leonteq Securities AG (old: EFG Financial Products AG) Company name new: Leonteq Securities AG, Guernsey Branch (old: EFG Financial Products AG, Guernsey Branch) 12/08/2013 Replacement of Guarantor Effective Date: 12/08/2013 The Guarantor EFG International AG, Zurich, has been replaced with EFG Bank AG, Zurich, in accordance with Art. 22 of the General Terms & Conditions. Guarantor new: EFG Bank AG, Zurich (old: EFG international AG, Zurich) 24/02/ Reclassification Underlying: VODAFONE GROUP PLC Effective Date: 24/02/2014 Reclassification of Underlying VODAFONE GROUP PLC. Initial Fixing Level new: GBp (old: GBp ) ISIN new: GB00BH4HKS39 (old: GB00B16GWD56) 06/06/2014 Special Dividend Effective Date: 06/06/2014 Underlying: REPSOL SA REPSOL SA has distributed a special dividend of EUR 1.00 per share. Initial Fixing Level new: EUR (old: EUR 16.63) Page 10 of 12

11 18/02/2016 Special Dividend Underlying: GLAXOSMITHKLINE PLC Effective Date: 18/02/2016 GLAXOSMITHKLINE PLC distributed a Special Dividend of GBP per share. Initial Fixing Level new: GBp (old: GBp ) 16/05/2016 Takeover Effective Date: 16/05/2016 Underlying: CWC LN LIBERTY GLOBAL PLC take(s) over CABLE & WIRELESS COMMUNICATION. Underlying new: LIBERTY GLOBAL PLC (old: CABLE & WIRELESS COMM) Bloomberg Ticker new: LBTYA UQ (old: CWC LN) Initial Fixing Level new: USD (old: GBp 42.48) 21/06/2016 Spin Off Effective Date: 21/06/2016 Underlying: LBTYA UQ LIBERTY GLOBAL PLC spun off LIBERTY LILAC GROUP-A. Initial Fixing Level new: USD (old: USD ) 13/07/2017 Spin Off Effective Date: 13/07/2017 Underlying: METRO AG METRO AG has spun off METRO WHOLESALE & FOOD SPECI. The shares of METRO AG have been replaced by shares of METRO WHOLESALE & FOOD SPECI at a ratio of 1:1. Underlying new: METRO WHOLESALE & FOOD SPECI (old: METRO AG) Bloomberg Ticker new: B4B GY Equity (old: MEO GY Equity) Initial Fixing Level new: EUR (old: EUR ) 23/10/2017 Ticker Change Effective Date: 23/10/2017 Underlying: NESTLE SA-REG NESTLE SA-REG has changed its Bloomberg Ticker. Bloomberg Ticker new: NESN SW (old: NESN VX) Page 11 of 12

12 28/12/2017 Ticker Change Effective Date: 28/12/2017 Underlying: PEPSICO INC PEPSICO INC has changed its Bloomberg Ticker. Bloomberg Ticker new: PEP UQ (old: PEP UN) For distribution in Switzerland: EFG Financial Products AG Brandschenkestrasse 90,P.O. Box 1686, 8027 Zurich, Switzerland Phone: For distribution within the European Economic Area (EEA): EFG Financial Products (Europe) GmbH Goetheplatz 2, Frankfurt, Germany Phone: BRANCHES EFG Financial Products (Europe) GmbH Succursale de Paris 33 rue François 1er Paris, France Phone: +33 (0) EFG Financial Products (Europe) GmbH London Branch 100 Wigmore Street, London W1U 3RN, United Kingdom Phone: +44 (0) Page 12 of 12