TheProductispassivelymanaged. TheProductseekstoreplicate(withamaximumtrackingerror*of1%)theperformanceoftheSolactive€STROvernightTotalReturnIndex*(Bloomberg:SOESTRON Index) (the Index)withtheobjectivetoprovideexposuretotheeuroshort-termrate(€STR)by investing inasubstitutebasket, composedof, interalia, sharesof companies,debtsecuritiesorcash,and/orshort-termdeposits(syntheticreplication). Wheninvestinginasampleofdebtsecurities,theProduct’strackingerrormaybehigher. Atleast,75%oftheassetswillbeinvestedatalltimesinequities. Further informationonthe Index, itscomposition, calculationandrules forperiodical reviewandrebalancingandonthegeneralmethodologycanbe foundon www.solactive.com. ThereisnorebalancingoftheIndex. TotalCostsasdefinedbelowarepreferential for the launchof theProductandwillbeapplicable foraperiodof12months fromthedateof the launchof the Product.PerformanceScenarioshavebeencalculatedtakingintoaccountthesepreferentialcosts. Incomesaresystematicallyreinvested. Investorsareabletoredeemonadailybasis(onLuxembourgbankbusinessdays)asdescribedintheprospectus.
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