Flight record (EFTA01460452)

European Recovery: The combination of external demand and reduced fiscal austerity should promote slow but positive GDP growth. § Credit-Linked Note on European "Distressed" Nations - See attached presentation § Issuer: TBD, Currency: USD, Maturity: 5 years, Underlying: Portugal, Spain, Italy, and Ireland, Coupon: 3 month LIBOR + 400 bps § Each credit event will cause a reduction on the note's notional of 25%, which will also affect subsequent coupon payments and the redemption at matur