Common use of Issue Specific Summary Clause in Contracts

Issue Specific Summary. The estimated net amount of the proceeds of issuance is USD 100000. The Issuer will invest the net proceeds of issuance and the Leveraged Investment Amount (as defined below) in the Reference Assets referenced by the relevant Index or Investment Strategy of the Series in order to replicate (to the degree practicable) the return of the Index referenced by the Series or to pursue the Investment Strategy of the Series, taking into account the applicable Leverage Factor. Amounts standing to the credit of the Margin Account from time to time, to the extent not required to be invested in Reference Assets to replicate the return of the Index or to pursue the Investment Strategy, may at the discretion of the Portfolio Administrator be maintained as cash balances in the Margin Account or invested in Ancillary Assets. The “Leveraged Investment Amount” will be the amount of margin that the Margin Loan Provider will extend by way of credit to the Issuer in the currency of denomination of the ETP Securities equal to the product of

Issue Specific Summary. The estimated net amount of the proceeds of issuance is USD 100000. The Issuer will invest the net proceeds of issuance and the Leveraged Investment Amount (as defined below) in the Reference Assets referenced by the relevant Index or Investment Strategy of the Series in order to replicate (to the degree practicable) the return of the Index referenced by the Series or to pursue the Investment Strategy of the Series, taking into account the applicable Leverage Factor. Amounts standing to the credit of the Margin Account from time to time, to the extent not required to be invested in Reference Assets to replicate the return of the Index or to pursue the Investment Strategy, may at the discretion of the Portfolio Administrator be maintained as cash balances in the Margin Account or invested in Ancillary Assets. The “Leveraged Investment Amount” will be the amount of margin that the Margin Loan Provider will extend by way of credit to the Issuer in the currency of denomination of the ETP Securities equal to the product ofof (i) the difference between the Leverage Factor and one and (ii) the net proceeds of the issuance. The offer of ETP Securities is not subject to an underwriting agreement on a firm commitment basis.