Common use of Index description Clause in Contracts

Index description. The c~▇▇▇▇ ▇▇▇▇▇ reflects price movements of the oÉÑÉêÉåÅÉ fåëíêìãÉåí with a leverage factor of 15. An increase in the price of the oÉÑÉêÉåÅÉ fåëíêìãÉåí since the most recent calculation of an ▇▇▇▇▇ `äçëáåÖ s~äìÉ results in a positive change of the c~▇▇▇▇ ▇▇▇▇▇ as compared to the previous price of the c~▇▇▇▇ ▇▇▇▇▇ and vice versa. The c~▇▇▇▇ ▇▇▇▇▇ therefore reflects a "long" strategy. The c~▇▇▇▇ ▇▇▇▇▇ consists of a leverage component and a financing component. The leverage component tracks an investment in the oÉÑÉêÉåÅÉ fåëíêìãÉåí (or its constituents and in accordance with its rules and regulations), whereby movements in the price of the oÉÑÉêÉåÅÉ fåëíêìJ ãÉåí are multiplied by the iÉîÉê~ÖÉ (Factor). This leverage effect occurs with either positive or neg- ative movements in the price of the oÉÑÉêÉåÅÉ fåëíêìãÉåí, having a disproportionate effect on the value of the c~▇▇▇▇ ▇▇▇▇▇. For example (leaving aside the financing component): • An increase in the price of the oÉÑÉêÉåÅÉ fåëíêìãÉåí (compared to the most recent adjust- ment) by 2% results in an increase in the c~▇▇▇▇ ▇▇▇▇▇ by 15 x 2%; • A decrease in the price of the oÉÑÉêÉåÅÉ fåëíêìãÉåí (compared to the most recent adjust- ment) by 2% results in a decrease in the c~▇▇▇▇ ▇▇▇▇▇ by 15 x 2%.

Index description. The c~▇▇▇▇ ▇▇▇▇▇ reflects price movements of the oÉÑÉêÉåÅÉ fåëíêìãÉåí with a leverage factor of 1512. An increase in the price of the oÉÑÉêÉåÅÉ fåëíêìãÉåí since the most recent calculation of an ▇▇▇▇▇ `äçëáåÖ s~äìÉ results in a positive change of the c~▇▇▇▇ ▇▇▇▇▇ as compared to the previous price of the c~▇▇▇▇ ▇▇▇▇▇ and vice versa. The c~▇▇▇▇ ▇▇▇▇▇ therefore reflects a "long" strategy. The c~▇▇▇▇ ▇▇▇▇▇ consists of a leverage component and a financing component. The leverage component tracks an investment in the oÉÑÉêÉåÅÉ fåëíêìãÉåí (or its constituents and in accordance with its rules and regulations), whereby movements in the price of the oÉÑÉêÉåÅÉ fåëíêìJ ãÉåí are multiplied by the iÉîÉê~ÖÉ (Factor). This leverage effect occurs with either positive or neg- ative movements in the price of the oÉÑÉêÉåÅÉ fåëíêìãÉåí, having a disproportionate effect on the value of the c~▇▇▇▇ ▇▇▇▇▇. For example (leaving aside the financing component): • An increase in the price of the oÉÑÉêÉåÅÉ fåëíêìãÉåí (compared to the most recent adjust- ment) by 2% results in an increase in the c~▇▇▇▇ ▇▇▇▇▇ by 15 12 x 2%; • A decrease in the price of the oÉÑÉêÉåÅÉ fåëíêìãÉåí (compared to the most recent adjust- ment) by 2% results in a decrease in the c~▇▇▇▇ ▇▇▇▇▇ by 15 12 x 2%.