Performance of the Basket Componenti (k) definition

Performance of the Basket Componenti (k) means, with respect to the Basket Componenti, the Performance of the Basket Componenti on the respective Observation Date (k) as calculated by the Calculation Agent in accordance with the following formula:

Performance of the Basket Componenti (k) means the Performance of the Basket Componenti between the Initial Observation Date and the respective Observation Date(k) (as defined in C.16).Redemption at Final Payment DateIf no Barrier Event has occurred, redemption is made on the Final Payment Date by payment of the Redemption Amount that is equal to the Maximum Amount.If a Barrier Event has occurred, redemption is made on the Final Payment Date by payment of the Redemption Amount, which corresponds to the Nominal Amount multiplied by the Worst Performance (final) and divided by the Strike. The Redemption Amount is not greater than the Nominal Amount."Barrier Event" means that the Worst Performance (b) on the respective Barrier Observation Date (as defined in C.16) is lower than the Barrier Level."Worst Performance (b)" means, with respect to the respective Barrier Observation Date, the performance of the Basket Componenti with the worst (lowest) performance. With respect to the respective Barrier Observation Date, the performance of each Basket Componenti is calculated by the Calculation Agent as Ki (b) divided by Ki (initial).The Initial Observation Date, the Early Redemption Leveli (k), the Additional Amount Payment Level (m), the Maximum Amount, the Barrier Level and the Strike are specified in the Annex to this Summary. C.16 The expiration or maturity date of the derivative securities – the exercise date or final reference date The "Final Observation Date", the "Final Payment Date", the "Barrier Observation Date", the "Observation Dates (k)", the "Observation Dates (m)" and the "Early Payment Dates (k)" are specified in the Annex to this Summary. C.17 Settlement procedure of the securities All payments shall be made to UniCredit S.p.A. (the "Principal Paying Agent"). The Principal Paying Agent shall pay the amounts due to the Clearing System for credit to the respective accounts of the depository banks for transfer to the Security Holders.The payment to the Clearing System shall discharge the Issuer from its obligations under the Securities in the amount of such payment."Clearing System" means Monte Titoli S.p.A. with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli"). C.18 Description of how any return on derivative securities takes place Payment of the Redemption Amount on the Final Payment Date or payment of the respective Early Redemption Amount (k) on the respective Early Payment Date (k). C.19 Exercise price or final reference price of the underlying "Ki (initial)" means, ...