EFTA Document EFTA01461056

5. Higher dividends (lower forwards) and lower volatility makes the underlying optionality in the trade cheaper leading to a leveraged upside participation Risks 1. Counterpart Risk 2. Mark-to-Market Risk 3. Risk of rising Libor Rates Payoff Comparison at Maturity 30% 25% 20% -n- 15% 10% 5% Index Long Only -.Structure • .,__, 0% -10% -15% -20% -25% g Lzt 4. 4 I yr , , Ig4 44 45!,17'44,4 • ..... Index performance comparison vs benchmarks - Higher returns and lower