Termsheet - 4Y Lookback performance

Issuer

Bank XXX

Nominal amount per unit(N)

USD 1,000

Effective date

23-Nov-2007

Intermediate Valuation
Dates_i
(i = 1 to 6)

23-Dec-07
23-Jan-08
23-Feb-08
23-Mar-08
23-Apr-08
23-May-08

Final Valuation Date

23-Nov-2011

Underlying Basket_i
(i = 1 to 15)

i	Stock i
1	Stock A
2	Stock B
3	Stock C
4	Stock D
5	Stock E
6	Stock F
7	Stock G
8	Stock H
9	Stock I
10	Stock J
11	Stock K
12	Stock L
13	Stock M
14	Stock N
15	Stock O

Payment date

3 business day following Final Valuation Date

PriceLookBack_i
(i = 1 to 15)

Minimum Stock price from Intermediate Valuation dates

Final Payoff

Payment currency

USD

Disclaimer

Structured transactions are complex and may involve a high risk of loss. Prior to entering into a transaction you should consult with your own legal, regulatory, tax, financial and accounting advisors to the extent you consider it necessary, and make your own investment, hedging and trading decisions (including decisions regarding the suitability of this transaction) based upon your own judgement and advice from those advisers you consider
necessary.

This document is for information purposes only and should not be construed as an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. The terms of any investment will be exclusively subject to the detailed provisions, including risk considerations, contained in the Information Memorandum.