Issuer

Palladium Securities 1 S.A. Acting in relation to Compartment 145-2014-20

Structured Credit

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Summary

The Issuer is a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg. The transaction is a cash flow securitisation collateralised by a sovereign inflation-linked bond issued by the Republic of Italy (the "Collateral").

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