Termination Event Clause (Termsheet)
Ref: "The Issuer has the right to terminate the Productat any time (“the Termination Date”) without a specific reason, by notifying the Holders of the Note on the earliest possible date."
---------- Forwarded message ---------
From: Anastasiia Bondareva <ab@g2fp.com>
Date: Thu, Oct 1, 2020 at 2:45 PM
Subject: RE: FW: CLN on Blunergy SA CH0558875875
To: Milo Guastamacchia <milo.guastamacchia@abalone.com.mt>
Cc: Structuring <structuring@g2fp.com>, Bahareh Manzoni <bm@g2fp.com>
Hi Milo Thank you for the update. In regards to the termination event, it is indeed a clause that allows the issuer to terminate the product at any moment. However, please kindly note that this is an option that is not to be used lightly and only there to protect the issuer in case of contingency. To give you an example, it can be used in case the underlying becomes illegal. I hope that clarifies. Kind regards, Anastasia