Common use of Index description Clause in Contracts

Index description. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 8. A decrease in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Value results in a positive change in the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates a "short" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 85. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in of the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 5 x 2%; • A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 5 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 85. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in the Factor Index as compared to the previous price of the Factor Index and vice vice-versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 5 x 2%; • A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 5 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 85. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in the Factor Index as compared to the previous price of the Factor Index and vice vice-versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): •  An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 5 x 2%;  A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 5 x 2%.

Index description. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 85. A decrease in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Value results in a positive change in the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates a "short" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments in the price of the Reference Instrument are multiplied by the Leverage (Factorfactor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate dis- proportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 5 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 5 x 2%.

Index description. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 85. A decrease in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Value results in a positive change in the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates a "short" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 5 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 5 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 82. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in of the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): •  An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 2 x 2%;  A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 2 x 2%.

Index description. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 810. A decrease in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates a "short" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 10 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 10 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 8. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in of the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): •  An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 x 2%;  A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 8 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 84. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in of the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 4 x 2%; • A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 4 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 82. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in of the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 2 x 2%; • A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 2 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 83. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in of the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): •  An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 3 x 2%;  A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 3 x 2%.

Index description. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 85. A decrease in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Value results in a positive change in the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates a "short" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments in the price of the Reference Instrument are multiplied by the Leverage (Factorfactor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate dis- proportionate effect on the value of the Factor Index. For example (leaving aside the financing component): •  An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 5 x 2%; •  A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 5 x 2%.

Index description. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 8. A decrease An increase in the price of the Reference Instrument since the most recent calculation of an Index Clos- ing Closing Value results in a positive change in of the Factor Index as compared to the previous price of the Factor Index and vice versa. The Factor Index therefore replicates reflects a "shortlong" strategy. The Factor Index consists of a leverage component and a financing component. The leverage component inversely tracks an investment in the Reference Instrument, whereby move- ments movements in the price of the Reference Instrument are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative movements in the price of the Reference Instrument, having a disproportionate effect on the value of the Factor Index. For example (leaving aside the financing component): • An increase in the price of the Reference Instrument (as compared to the most recent ad- justment) by 2% results in an decrease in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (as compared to the most recent adjust- ment) by 2% results in an increase in the Factor Index by 8 x 2%; • A decrease in the price of the Reference Instrument (compared to the most recent adjust- ment) by 2% results in a decrease in the Factor Index by 8 x 2%.