Common use of Issuer's option to vary settlement: Not Applicable Clause in Contracts

Issuer's option to vary settlement: Not Applicable. 20. Exchange Rate: The applicable rate of exchange for conversion of any amount into the Settlement Currency for the purposes of determining the Cash Settlement Amount is: − with respect to the NASDAQ100 Index, the European Central Bank Settlement Spot Rate, fixing of the exchange rate of the USD against the EUR at 14:15 CET on the Valuation Date, as published on the Reuters page ECB37; − with respect to the NIKKEI225 Index, the European Central Bank Settlement Spot Rate, fixing of the exchange rate of the JPY against the EUR at 14:15 CET on the Valuation Date, as published on the Reuters page ECB37.

Issuer's option to vary settlement: Not Applicable. 2019. Exchange Rate: The applicable rate of exchange for conversion of any amount into the Settlement Currency for the purposes of determining the Cash Settlement Amount is: − with respect to the NASDAQ100 Index and the S&P500 Index, the European Central Bank Settlement Spot Rate, fixing of the exchange rate of the USD against the EUR at 14:15 CET on the Valuation Date, as published on the Reuters page ECB37; − with respect to the NIKKEI225 Index, the European Central Bank Settlement Spot Rate, fixing of the exchange rate of the JPY against the EUR at 14:15 CET on the Valuation Date, as published on the Reuters page ECB37.the

Issuer's option to vary settlement: Not Applicable. 20. Exchange Rate: The applicable rate of exchange for conversion of any amount into the Settlement Currency for the purposes of determining the Cash Settlement Amount is: − with respect to the NASDAQ100 Index and the S&P500 Index, the European Central Bank Settlement Spot Rate, fixing of the exchange rate of the USD against the EUR at 14:15 CET on the Valuation Date, as published on the Reuters page ECB37; − with respect to the NIKKEI225 Index, the European Central Bank Settlement Spot Rate, fixing of the exchange rate of the JPY against the EUR at 14:15 CET on the Valuation Date, as published on the Reuters page ECB37.

Issuer's option to vary settlement: Not Applicable. 20. Exchange Rate: The applicable rate of exchange for conversion of any amount into the Settlement Currency for the purposes of determining the Cash Settlement Amount is: − with respect to the NASDAQ100 Index and the S&P500 Index, the European Central Bank Settlement Spot Rate, fixing of the exchange rate of the USD against the EUR at 14:15 CET on the Valuation Date, as published on the Reuters page ECB37; − with respect to the NIKKEI225 Index, the European Central Bank Settlement Spot Rate, fixing of the exchange rate of the JPY against the EUR at 14:15 CET on the Valuation Date, as published on the Reuters page ECB37.