Market linked debentures Structured Solutions, Reliance Group

Product Ideas

Idea : BEST OF DEBT / EQUITY Investment theme: Participation with Protection Issuer: Reliance Securities Ltd. (AA(SO) rated) Tenor 42 month* Final Observation 36 months Principal Protection 100% Principal Protected at Maturity Reference Index NIFTY 50 INDEX Initial Level Simple Avg of Nifty closing values observed on the trade date and at the end of 1m, 2m, 3m, 4m & 5m (i.e. 6 observations) Final Level Simple Avg of Nifty closing values observed at the end of 31m, 32m, 33m, 34m, 35m & 36m (i.e. 6 observations) Nifty Perf Final Level / Initial Level – 1 Fixed Coupon 26.70% (ie 7.00% cagr) Participation Rate 85% Payoff at maturity If Final Level >= Initial Level, Principal + Max (Fixed Coupon, PR * Nifty Perf) Else, If Final Level < Initial Level; Principal + Fixed Coupon *The Legal maturity of the Bond will be 54 months and the Investor will have a daily Put option after 42 month to exit the debenture. In-case Put Option is not exercised the Investor accrues coupon @9.00% for the balance period. Indicative terms only. Final payoff to be determined at the time of issuance.

Scenario Illustration: Idea Initial Level Final Performance of the Reference Index Coupon (absolute) Approx CAGR Redemption Amount (assuming an initial investment of INR 1 cr) 10,700 18,725 75% 63.75% 15.13% ₹ 16,375,000 16,050 50% 42.50% 10.65% ₹ 14,250,000 17,120 60% 51.00% 12.50% ₹ 15,100,000 14,980 40% 34.00% 8.72% ₹ 13,400,000 13,910 30% 26.70% 7.00% ₹ 12,670,000 12,840 20% 11,770 10% 10,165 -5% 8,560 -20% Note: This scenario analysis is being provided for illustrative purposes only. It does not represent all possible outcomes. Indicative terms only. Final payoff to be determined at the time of issuance.

Disclaimer This document is not for public distribution and has been furnished to you solely for your personal information of the authorized recipient. The terms of the transactions as mentioned in this document are intended for discussion purpose only and are subject to the terms as may be set forth in the definitive offer document.   This document is not to be construed as an offer to sell or the solicitation of an offer to buy any securities, derivatives, commodity or commodity derivative in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information for the recipient of this document. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.   This document is neither a prospectus nor a statement in lieu of a prospectus. This document is neither a private placement offer letter/Information memorandum/ memorandum of private placement. Multiple copies hereof given to the same entity shall be deemed to be given to the same person and shall be treated as such. It does not constitute and shall not be deemed to constitute an offer or an invitation to subscribe to the Debentures by the public in general. This document should not be construed as a public advertisement or marketing material to inform the public at large about such an offer.   The details included in this document, in so far as it includes current or historical information have been collected from various sources and is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither the Issuer nor any of its affiliates make any representation as to accuracy or completeness of this document or accepts liability for any direct or consequential losses arising from its use The recipients of this material should rely on their own investigations and take their own professional advice prior to making any investment decision. The recipients are solely responsible in seeking advice of their independent advisors as to the legal, tax, accounting and related matters and nothing in this document or in any communication, whether or not in writing, between the recipient and the Issuer or any of its affiliates constitutes such advice. The Issuer and/or the affiliates of the Issuer, may act as principal or agent in similar transactions and/or in transactions with respect to instruments underlying the proposed transaction.   Price and value of the products referred to in this material may go up or down. Past performance is not a guide for future performance. Investment in such products may be subject to the risk of loss, meaning the Investor may lose some or all of the investment especially where changes in value of the transaction may be accentuated by leverage. There is a risk that the occurrence of a force majeure or illegality or any other event outside the control of the Issuer, which results in an early redemption for extraordinary reason, may result in the loss of part of the investment.   Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.   In case of Debentures linked to Shares The Debentures will give rise to obligations of the Issuer and will not give rise to any obligations on the part of any entity issuing Shares. This is not an offer of Share of the Share Issuer or of other securities supported by or convertible into shares or other securities of the Share Issuer. The Share Issuer has not been involved in the preparation of this document. Holders of the Debentures are not by virtue the holders of Shares of the Share Issuer and do not have any right through such holding to receive any information or dividends direct from the Share Issuer or to exercise any voting rights in respect of the Share.