[ESMA31-62-1258 Prospectuses Q&A 12.1]

To allow an investor to make an informed assessment, ESMA believes that the description of the index should contain the essential characteristics which will enable full comprehension of the index and its dynamics.

Accordingly, ESMA considers that at least a description of the following essential characteristics should be included:

- strategy of the index/investment policy;

- description of the individual selection process of the components weighting factors;

- method and formulas of calculation;

- name of the calculation agent;

- adjustment rules;

- review frequency;

- type of index (price return, excess return, etc.); and

- currency

The description of the composition of the index should be provided as of the date of the prospectus.