Common use of Ratio Clause in Contracts

Ratio. 10 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 2016 (inclusive). See also the issue-specific information under C.16.

Ratio. 10 1 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 SEK 62.77 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 15 July 2016 (inclusive). See also the issue-specific information under C.16.

Ratio. 10 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 USD 25.43 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 22 January 2016 (inclusive). See also the issue-specific information under C.16.

Ratio. 10 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 43.56 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 22 January 2016 (inclusive). See also the issue-specific information under C.16.

Ratio. 10 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 36.54 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 29 January 2016 (inclusive). See also the issue-specific information under C.16.

Ratio. 10 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 USD 27.84 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 29 January 2016 (inclusive). See also the issue-specific information under C.16.

Ratio. 10 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 USD 29.84 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 29 January 2016 (inclusive). See also the issue-specific information under C.16.

Ratio. 10 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 USD 90.95 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 29 January 2016 (inclusive). See also the issue-specific information under C.16.

Ratio. 10 1 : 1 Type of Exercise: American Exercise Type Exercise Date(s): each Business Day commencing as of the First Exercise Date (including) Term: unlimited (open-end) Valuation Date: (a) in the event of an exercise, an Exercise Date on which the Security Right is exercised; (b) in the event of ordinary termination by the Issuer, the ordinary termination date. Knock-Out Barrier on the Issue Date: EUR 52.01 8.33 Observation Price: price of the Underlying determined and published by the Reference Agent. Observation Period: every day from the 12 February 18 November 2016 (inclusive). See also the issue-specific information under C.16.