Underlying. Ticker. EFGAM Optimized Income Strategy Index (the Index ) ENHAEFIS Index USD. Rating (source: Bloomberg) Moody s: A3 S&P: A-

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1 Termsheet PRIVATE PLACEMENT Reference Obligor Certificate with Yield Enhancement SSPA Product Type: 1420 Issuer Risk Certificate on EFGAM Optimized Income Strategy Index % Contingent Capital Protection Credit Risk of Reference Bond Issuer Final Fixing Date 20/12/2018; issued in USD; not listed Investors should read the section Significant Risks below as well as the section Risk Factors of the relevant Programme. 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. This Product may only be sold to qualified investors (the term qualified investor has the meaning as defined in Section 10 of the Swiss Federal Act on Collective Investment Schemes CISA ). I. PRODUCT DESCRIPTION The Product is issued by EFG International Finance (Guernsey) Ltd., St Peter Port, Guernsey. The objective of the Product is to give Investors exposure to EFGAM Optimized Income Strategy Index (the Index ) while also providing 100% Capital Protection as of maturity linked to a Goldman Sachs Reference Bond. Investors bear both the credit risk of the Reference Bond Issuer and of the Guarantor. The Product will be early redeemed if a Credit Event or Disruption Event occurs, as further described under the Redemption section below. In certain circumstances the Issuer may exercise the Issuer s Early Redemption Right and terminate the Product early. The Investor will only benefit from the Capital Protection if no Credit Event and no exercise of the Issuer s Early Redemption Right has occurred and if the Product is held until the Redemption Date. Any secondary market price given, if any, may be affected by many factors including, but not limited to, the remaining term and outstanding principal amount of the Product, the performance of the Index, interest rates and fluctuations in credit spreads Underlying Underlying Bloomberg Ticker Initial Fixing Level Currency EFGAM Optimized Income Strategy Index (the Index ) ENHAEFIS Index USD Reference Bond / Reference Entity Reference Bond GOLDMAN SACHS GROUP INC 7.5% 15/02/2019 Reference Bond Issuer / Reference Entity The Goldman Sachs Group, Inc. Rating (source: Bloomberg) Moody s: A3 S&P: A- ISIN Maturity US38141EA257 15/02/2019 Product Details Swiss Security Number ISIN CH Issue Price 100% Issue Size USD 100,000,000 (can be increased at any time) Denomination USD 50,

2 Settlement Currency USD Capital Protection 100% The Capital Protection applies only if no Credit Event has occurred or Disruption Event and no Issuer Termination Right was exercised by the Issuer. In case a Credit Event has occurred or the Issuer exercised the Issuer Termination Right, the Redemption of the Product may be below the Capital Protection. (Reference is made to the Redemption Scenario 2). Bondfloor at issuance 85.36% (implied yield: 3.08%) The implied Yield includes 1.45% spread from the Reference Bond. Dates Initial Fixing Date 07/10/2013 Issue Date 15/10/2013 Final Fixing Date 20/12/2018 or in the case of an exercise of the Issuer Termination Right as specified by the Issuer in its Termination Notice (subject to Market Disruption Event provisions) Redemption Date 03/01/2019 or in the case of an exercise of the Issuer Termination Right, the 10th BusinessDay following the Final Fixing Date (the Early Redemption Date ) (subject to Settlement Disruption Event provisions and possible Credit Event investigations) Observation Datet t Coupon Observation Datet Coupon Payment Datet 1 03/01/ /01/ /04/ /04/ /07/ /07/ /10/ /10/ /01/ /01/ /04/ /04/ /07/ /07/ /10/ /10/ /01/ /01/ /04/ /04/ /07/ /07/ /10/ /10/ /01/ /01/ /04/ /04/ /07/ /07/ /10/ /10/ /01/ /01/ /04/ /04/ /07/ /07/ /10/ /10/ /12/ /01/

3 If any Coupon Observation Date day is not an Index Business Day, the next Index Business Day. If any Coupon Payment Date day is not a Business Day, the next Business Day. Redemption The Investor is entitled to receive from the Issuer on the Redemption Date per Product: Scenario 1 In case a Credit Event or an exercise of the Issuer Termination Right has occurred, the Product will be automatically redeemed, and the investor will receive on the relevant Early Redemption Date a Cash Settlement in the Settlement Currency equal to: Liquidation Amount Alternatively the Calculation Agent has the right at his discretion to deliver instead in kind the Reference Bond. In addition the Investor will receive the mark-to-market value of the option contained in this Product and as determined by the Calculation Agent in its sole and absolute discretion. Scenario 2 In case no Credit Event, nor exercise of the Issuer Termination Right has occurred, a Cash Settlement in the Settlement Currency according to the following formula: Denomination Capital Protection Conditional Coupon Amount On each Coupon Payment Date t, the applicable coupon will be determined by the Calculation Agent in accordance with the following formula: Coupont = Denomination x (Applicable Coupont %) where: Applicable Coupon Applicable Coupon0 = 0% t t Index = t Max 0% ; 1 Index0 i= 1 0 Applicable Coupon i Liquidation Amount Index0 = Official price of the Underlying as published by the Index Calculation Agent on the Initial Fixing Date Indext = Official price of the Underlying as published by the Index Calculation Agent on the Coupon Observation Datet 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, an Index Disruption Event or the exercise of the Issuer Termination Right, according to article 20 of the Programme. 3-14

4 Credit Event 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 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. Index Disruption Event Refer to the Rulebook, section Index Adjustment, Suspension and Termination Events, section Non-scheduled Trading Days and Disrupted Days, and section Adjustments for Index Components Issuer Termination Right The Issuer may call all Certificates for Early Redemption on any BusinessDay by announcement of the exercise of its Termination Right on the Paying Agent s website notifying the Final Fixing Date and the 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 and 20 of the Programme. The Issuer may exercise the Issuer Termination Right in case of (but not limited to) the occurrence of one of the following events and as determined by the Calculation Agent: Disruption Event; or A Credit Event; or An Index Disruption Event ; or An event, as described in paragraph 15 of the Programme. Following the exercise of the Issuer Termination Right, the Product will be 4-14

5 redeemed at the current mark-to-market value of the Product less any hedging unwind costs as determined by the Calculation Agent. Alternatively the Calculation Agent has the right at his discretion to deliver any bond of the Reference Bond Issuer instead. In addition the Investor will receive the mark-to-market value of the option contained in this Product and as determined by the Calculation Agent in its sole and absolute discretion. 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. 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. Additionally the Calculation Agent has the right to replace the current Reference Bond by any bond of the Reference Entity according to market consensus as determined by the Calculation Agent on a best effort basis. In case no suitable Replacement Reference Bond is found the Issuer may exercise the Issuer Termination Right otherwise the Certificate continues to exist. General Information Issuer Guarantor Lead Manager Calculation Agent Index Calculation Agent Hedging Party Paying Agent Distribution Fees Listing/Exchange Secondary Market EFG International Finance (Guernsey) Ltd., St Peter Port, Guernsey EFG Bank AG, Zurich, Switzerland (Rating: Fitch A with stable outlook, Moody s A2 with stable outlook) Leonteq Securities AG, Zurich, Switzerland Leonteq Securities AG, Zurich, Switzerland EFG Asset Management or a party specified in the rulebook Leonteq Securities AG, Zurich, Switzerland Leonteq Securities AG, Zurich, Switzerland Relevant Fees (as defined in article 27 of the General Terms and Conditions which are a part of the Programme) not listed Under normal market conditions, from and including the Index Business Day following the Initial Fixing Date to and excluding the Final Fixing Date, and 5-14

6 subject to prevailing market conditions and there being sufficient liquidity provided by the Funds comprised in the Index, the number of certificates may be increased or decreased upon request on each Index Business Day (the Secondary Liquidity Date ), provided the Calculation Agent has received written notice specifying the number of certificates to be increased or decreased before 13:00 London Time on the third Business Day preceding the relevant Secondary Liquidity Date. Such increase or decrease must be equal to USD 50,000 or more. On the Secondary Liquidity Date the Calculation Agent will provide a price with bid-ask spread no larger than 1.5%, expressed as a percentage of the number of certificates, which will represent the actual terms, based on then prevailing market parameters including but not limited to the net asset value, as of the Secondary Liquidity Date, of the funds comprising the Index, at which the Calculation Agent (or any of its affiliates) is prepared to decrease or increase the number of certificates of this Transaction at the time the Price is provided by the Calculation Agent (or any of its affiliates) on the Secondary Liquidity Date. If the number of certificates of the Transaction has to be increased or decreased, the Calculation Agent must have been notified immediately upon receipt of the relevant Price. The Price will then be adjusted by the Calculation Agent to reflect market conditions, the number of fund shares to be subscribed for or redeemed to reflect the increase or decrease of the number of certificates and the net asset value per fund share at which subscription or redemption orders placed by the Hedge Provider, as the case may be, have been executed. Such increase or decrease will be binding upon payment of any appropriate consideration which in the case of a decrease will occur on the third Business Day following the Secondary Liquidity date or, if the full redemption proceeds from redemption orders of the Index Components given by the Hedge Provider in respect of the decrease have not been received, on the second Business Day following full receipt of such proceeds by the Hedge Provider. Prices will be prepared in good faith in accordance with the Calculation Agent own internal models and calculation methods and/or is based on or uses other available pricing information where considered relevant and are confidential. Consent to resell The Calculation Agent expressly disclaims any responsibility for the accuracy or completeness of any pricing information sources used in its calculations, or any errors or omissions in computing or disseminating this price information and for any use that may be made of or any reliance upon the information provided. Accordingly no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the price information. While Calculation Agent will endeavour, subject to market conditions, to indicate prices, there can be no assurance that such prices will be provided or that Calculation Agent will offer to make any increase or decrease to the number of certificates. Products may only be sold to a third party with the prior consent of the Lead Manager and only in form of a private placement. Thus, Investors must contact the Lead Manager before they resell the Products. 6-14

7 Quoting Type Quotation Type Settlement Type Secondary market prices are quoted dirty, i.e. the accrued Coupon Amount is included in the prices. Secondary market prices are quoted in percentage. Cash Settlement and/or Delivery of the Reference Bond as determined by the Calculation Agent. Minimum Investment USD 50,000 Minimum Trading Lot USD 50,000 Selling Restrictions This Product may only be sold to qualified investors (the term qualified investor has the meaning as defined in Section 10 of the Swiss Federal Act on Collective Investment Schemes CISA ). 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. Possible limitations resulting from legal restrictions with regard to cross-border communication and cross-border business concerning the products and related information remain reserved. 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 Clearing SIX SIS Ltd, Euroclear, Clearstream Depository SIX SIS Ltd Public Offering N/A Form Uncertificated Security / Book-entry Governing Law/Jurisdiction Swiss / Zurich BusinessDay Means a day on which the TARGET2 system and commercial banks are open for business in New-York. Index Business Day Any Scheduled Index Business Day with respect to which (i) the level of the Index is calculated and made available and (ii) the Hedging Party determines, in its sole and absolute discretion, it is able to hedge its obligations in respect of the Index under the Transaction (an Index Trading Day ) Scheduled Index Business Day Rulebook Any Banking Day with respect to which (i) the level of the Index is scheduled to be calculated and made available and (ii) the Hedging Party determines, in its sole and absolute discretion, it should be able to hedge its obligations in respect of the Index under the Transaction EFG Asset Management OIS Index Rulebook as part of the Product Documentation The definition Issuing Party/Parties as used herein, means the Issuer and the Guarantor, as indicated in section General Information. 7-14

8 Taxation Switzerland EU Savings Tax For Swiss paying agents, the Product is subject to the EU Savings tax (TK3). 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. References to the Guarantor are applicable if the Product is secured by any such party, as shown in section "General Information" herein. Taxation Luxembourg For Luxembourg paying agents, the Product should be subject to the Luxembourg law dated 21 June 2005 implementing the EU Savings Directive. Investors and prospective investors shall be aware of the fact that the tax treatment of a Product may change at any time, also due to changes in applicable tax law and regulation. Taxation depends on the individual situation of each investor. Investors and prospective investors are advised to consult with their tax advisers with respect to the tax consequences in connection with the Product in light of their particular circumstances. 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. 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@leonteq.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. 8-14

9 III. SIGNIFICANT RISKS Risk Factors relating to the Product In case neither a Credit Event nor an exercise of the Issuer Termination Right has occurred, the following applies. The risk of loss related to this Product is limited to the difference between the purchase price (if higher than the Capital Protection) and the Capital Protection. However, during the life of the Product, its price can fall below the protection level. The risk of loss related to this Product also depends on whether a Credit Event or an exercise of the Issuer Termination Right occurs. In these cases, the Investor could lose the total capital invested. Risk related to the Underlying Refer to the Rulebook, section Risks Related to the Index Products with Reference Bond(s) are complex financial products. The Investor assumes an additional risk on top of the traditional risks, such as market and currency risks and Issuer Risk of the Product. Investors are advised to seek expert advice on the risks associated with the specific product before investing in Products with Reference Bond(s). Given the complexity of the terms and conditions of this Product an investment is suitable only for experienced Investors who understand and are in a position to evaluate the risks associated with it. Risks Related to the Reference Bond(s) and/or Reference Bond(s) Issuer The value of this Product and its repayment depends, amongst other things, predominantly on the Reference Bond(s) and therefore on the Reference Bond Issuer(s) (and any other bond issued by the same Reference Bond Issuer). Any collateral securitization in place with regards to a Product with Reference Bond(s) does not eliminate the risks associated with any Credit Event nor to the risks associated with the Issuer Termination Right (in both cases redemption may be below the Capital Protection). Products with Reference Bond(s) are neither guaranteed by the Reference Bond Issuer(s) nor are they necessarily secured by any bonds of the Reference Bond Issuer(s). If the Calculation Agent determines, in accordance with the Product terms and at its own discretion, that a Credit Event has occurred or the Issuer exercises the Issuer Termination Right, the Investors in the Product have no right of recourse against the Reference Bond Issuer(s) with regards to any loss which they sustain due to the Liquidation Amount redeemed to them (which may be significantly lower than the Issue Price or, in extreme cases, even zero). After determination of a Credit Event by the Calculation Agent or after the exercise of the Issuer Termination Right by the Issuer, the Investors do not stand to benefit from any positive performance with regards to the Reference Bond. In particular, the consequences of determination of a Credit Event by the Calculation Agent or exercise of the Issuer Termination Right by the Issuer cannot be reversed. As such, Investors do not participate, e.g. in the event of restructuring, in the corresponding restructuring process and are not entitled to appeal against elements of the restructuring process. For this reason, an investment in a Product with Reference Bond(s) may be associated with a higher risk than a direct investment in the liabilities of the Reference Bond Issuer. If circumstances arise or an event occurs which have/has a negative impact on the creditworthiness or credit rating of the Reference Bond Issuer(s) but which do/does not result in the occurrence of a Credit Event nor to the exercise of the Issuer Termination Right, the price of the Product may fall. As a result, Investors who sell the Product at this time may sustain a significant loss of their capital invested. 9-14

10 Suitability Prospective purchasers of the Product must ensure that they understand the nature of this Product and the extent of their exposure to risk, that they have sufficient knowledge, experience and access to professional advisers to make their own legal, tax, accounting and financial evaluation of the merits and risks of investment in such Product and that they consider the suitability of such Product as an investment in the light of their own circumstances and financial condition. Interest Rate and Credit Spread Risk The Investor in the Product is exposed to interest rate risks and to the credit spread of the Reference Bond Issuer as the valuation of the Reference Bond(s) depends, among others, on the prevailing interest rates and credit spread of the Reference Bond Issuer. Credit Ratings/Rating Volatility Credit ratings represent the rating agencies opinions regarding credit quality and are not a guarantee of quality. Rating agencies attempt to evaluate the safety of principal and/or interest payments and do not evaluate the risks of fluctuations in market value. Accordingly, the credit ratings may not fully reflect the true risks of the Reference Bond/Reference Bond Issuer. Also, rating agencies may fail to make timely changes in credit ratings in response to subsequent events; so that an issuer s current financial condition may be better or worse than its rating indicates. Rating agencies may from time to time change the ratings of the Reference Bond(s)/Reference Bond Issuer even if no losses have been incurred. Furthermore, there is no assurance that the rating of the Reference Bond(s) or Reference Bond Issuer will not be reduced or withdrawn in the future, or that a rating is a guarantee of future performance. Neither the Issuer nor any other party has made any investigation into the Reference Bond(s) or into the Reference Bond Issuer. 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 10-14

11 time of redemption and/or on the value of the Products. No dividend payment This Product does not confer any claim to receive rights and/or payments of the underlying, such as dividend payments, unless explicitly stated herein, and therefore, without prejudice to any coupon or dividend payments provided for in this Termsheet, does not yield any current income. This means that potential losses in value of the Product cannot be compensated by other income. 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 in accordance with the COSI Market Making obligations. However, the Issuer and/or the Lead Manager, as applicable, reserve the right to cease the posting of bid and offer prices upon the occurrence and for the duration of any exceptional market circumstances. 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 Bank AG, Zurich is regulated as a Swiss bank and as a securities-dealer by the FINMA by which the respective licence was granted. 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 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)

12 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 is primarily provided for information purposes and does not constitute a recommendation, an offer or a solicitation of an offer to buy financial products. 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. Index Disclaimer The methodology of the EFG AM OPTIMIZED INCOME STRATEGY (the "Index") is confidential. The sponsor of the Index (the "Index Sponsor"), the Index Advisor and where the Index is calculated by a party other than the Index Sponsor (the "Index Calculation Agent") do not guarantee the accuracy or completeness of the Index methodology or the calculation methods, or that there will be no errors or omissions in computing or disseminating the Index, and the Index Advisor, the Index Sponsor and the Index Calculation Agent, shall have no liability for any errors or omissions therein. The Index methodology is based on certain assumptions, certain pricing models and calculation methods adopted by the Index Advisor, Index Sponsor and/or the Index Calculation Agent and may have certain inherent limitations. Information prepared on the basis of different models, calculation methods or assumptions may yield different results. You have no authority to use or reproduce the Index methodology in any way without a specific license from the Index Sponsor permitting you to do so, and neither the Index Advisor, the Index Sponsor nor any of its affiliates shall be liable for any loss whatsoever arising directly or indirectly from the use of the Index or index methodology or otherwise in connection therewith. "The Index Sponsor and the Index Calculation Agent shall not be held liable for any modification or change in the methodology used in calculating the Index. The Index Sponsor reserve the right (unless otherwise specified in the rules governing the Index) to amend or adjust the index methodology from time to time. The Index Sponsor, and where applicable, the Index Calculation Agent, are under no obligation to continue the calculation, publication or dissemination of the Index and disclaim(s) any liability for any suspension or interruption in the calculation of the Index. The Index Advisor, the Index Sponsor, and where applicable, the Index Calculation Agent, disclaim(s) any liability in connection with the level of the Index at any given time. The Index Advisor, the Index Sponsor and, where applicable, the Index Calculation Agent will not accept any liability for any loss whatsoever, directly or indirectly related to the Index. The index methodology embeds certain costs in the strategy which cover amongst other things, friction, replication and repo costs in running the Index. The levels of such costs (if any) may vary over time in accordance with market conditions as determined by the Index Sponsor acting in a commercially reasonable manner. The Index Sponsor and/or its affiliates may act in a number of different capacities in relation to the Index and/or products linked to the Index, which may include, but not be limited to, acting as market-maker, hedging counterparty, issuer of components of the Index, and/or Index Calculation Agent. Such activities could result in potential conflicts of interest that could influence the price or value of the Certificate

13 Appendix A Reference Bond(s)/ Reference Entity Reference Bond GOLDMAN SACHS GROUP INC 7.5% 15/02/2019 Reference Bond Issuer / Reference Entity The Goldman Sachs Group, Inc. Rating (source: Bloomberg) Moody s: A3 S&P: A- ISIN Maturity US38141EA257 15/02/

14 For distribution in Switzerland Leonteq Securities AG Brandschenkestrasse 90, P.O. Box 1686, 8027 Zurich, Switzerland Phone: , For distribution within the European Economic Area (EEA) Leonteq Securities (Europe) GmbH Goetheplatz 2, Frankfurt, Germany Phone: BRANCHES Leonteq Securities (Europe) GmbH Paris Branch 33 rue François 1er Paris, France Phone: +33 (0) Leonteq Securities (Europe) GmbH Sucursal en Madrid C/ Joaquin Costa 26, Madrid, Spain Phone: +34 (0) Leonteq Securities (Europe) GmbH London Branch 100 Wigmore Street, London W1U 3RN, United Kingdom Phone: +44 (0)