Common use of INDEX DESCRIPTION Clause in Contracts

INDEX DESCRIPTION. Index name: 5X Short Index linked to STOXX® Europe 600 Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 5. 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 (or its constitu- ents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short Index linked to EURO STOXX® Europe 600 Banks Index (the "Factor Index") Reference Instrument: EURO STOXX® Europe 600 Banks Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0327288392> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 5. 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 (or its constitu- ents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short 7X Long Index linked to STOXXS&P 500® Europe 600 Index (the "Factor Index") Reference Instrument: STOXXS&P 500® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0327141203> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 57. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X Short Index linked to STOXX® Europe 600 Index Xxxxx Xxxxx Oil Future (the "Factor Index") Reference Instrument: STOXX® Europe 600 Index Xxxxx Xxxxx Oil Future Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326982359> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 5. 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 (or its constitu- ents and in accordance with its rules and regulations)Instrument, whereby movements move- ments in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short Long Index linked to STOXX® Europe 600 Index WTI Light Sweet Crude Oil Future (the "Factor Index") Reference Instrument: STOXX® Europe 600 Index WTI Light Sweet Crude Oil Future Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0327141351> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 5. 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 (or its constitu- ents and in accordance with its rules and regulations)Instrument, whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short Long Index linked to STOXX® Europe 600 Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0336604126> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 5. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X 3X Short Index linked to STOXXDAX® Europe 600 Index (the "Factor Index") Reference Instrument: STOXXDAX® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326601736> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 53. 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 (or its constitu- ents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short 7X Long Index linked to EURO STOXX® Europe 600 Banks Index (the "Factor Index") Reference Instrument: EURO STOXX® Europe 600 Banks Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0327288384> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 57. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X Short Long Index linked to STOXX® Europe 600 Index Xxxxx Xxxxx Oil Future (the "Factor Index") Reference Instrument: STOXX® Europe 600 Index Xxxxx Xxxxx Oil Future Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326982334> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 5. 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 (or its constitu- ents and in accordance with its rules and regulations)Instrument, whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short Long Index linked to EURO STOXX® Europe 600 Banks Index (the "Factor Index") Reference Instrument: EURO STOXX® Europe 600 Banks Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0327288376> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 5. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X 7X Short Index linked to EURO STOXX® Europe 600 Banks Index (the "Factor Index") Reference Instrument: EURO STOXX® Europe 600 Banks Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0327288400> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 57. 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 (or its constitu- ents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short 3X Long Index linked to STOXXDAX® Europe 600 Index (the "Factor Index") Reference Instrument: STOXXDAX® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326601710> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 53. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X Short 7X Long Index linked to STOXXNasdaq-100 Index® Europe 600 Index (the "Factor Index") Reference Instrument: STOXXNasdaq-100 Index® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0327141245> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 57. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X Short 7X Long Index linked to STOXX® Europe 600 Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0336604142> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 57. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X 7X Short Index linked to STOXXS&P 500® Europe 600 Index (the "Factor Index") Reference Instrument: STOXXS&P 500® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0327141229> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 57. 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 (or its constitu- ents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short Index linked to STOXX® Europe 600 FTSE MIB Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 FTSE MIB Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326601819> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 5. 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 (or its constitu- ents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short 7X Long Index linked to STOXX® Europe 600 FTSE MIB Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 FTSE MIB Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326601785> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 57. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X Short Long Index linked to STOXX® Europe 600 FTSE MIB Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 FTSE MIB Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326601777> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 5. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):

INDEX DESCRIPTION. Index name: 5X 7X Short Index linked to STOXX® Europe 600 FTSE MIB Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 FTSE MIB Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326601827> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 57. 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 (or its constitu- ents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X 7X Short Index linked to STOXX® Europe 600 Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0336604217> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in the Reference Instrument with a leverage factor of 57. 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 (or its constitu- ents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence 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):

INDEX DESCRIPTION. Index name: 5X Short 3X Long Index linked to STOXX® Europe 600 FTSE MIB Index (the "Factor Index") Reference Instrument: STOXX® Europe 600 FTSE MIB Index Index Calculation Agent: Bank Vontobel AG, Xxxxxxxxxxxxxxx 00, 0000 Xxxxxx, Xxxxxxxxxxx Information Page: xxxxx://xxxxxxx.xxxxxxxx.xxx and Reuters page <.CH0336604191.CH0326601751> (the latter containing index levels only) The composition and calculation of the Factor Index specified above is described in the following. The Index Calculation Agent will make an index guide available on the Information Page for each Fac- tor Index, containing this description together with the stipulations in the Final Terms. The index guide constitutes the basis for calculating and publishing the Factor Index. The Factor Index reflects price movements in of the Reference Instrument with a leverage factor of 53. 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 of the Reference Instrument (or its constitu- ents constituents and in accordance with its rules and regulations), whereby movements in the price of the Ref- erence Instrument Reference Instru- ment are multiplied by the Leverage (Factor). This leverage effect occurs with either positive or negative neg- ative 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):