Common use of INFORMATION ABOUT THE UNDERLYING Clause in Contracts

INFORMATION ABOUT THE UNDERLYING. The Underlying to which the Securities are linked is: S&P 500® Index The S&P 500® Index is a leading indicator of U.S. equities, reflecting the risk and return characteristics of a broader large cap universe on an on-going basis. It is widely regarded as one of the best single gauges of the large cap U.S. equities market. The index includes 500 leading companies in leading industries of the U.S. economy, providing for a major coverage of U.S. equities. Standard & Poor's®, S&P®, S&P 500®, Standard & Poor's 500 and 500 are trademarks of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc. and have been licensed for use by Bank Vontobel AG. The Product(s) is/are not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the Product. Index type: Price index Currency: USD, one index point corresponds to USD 1.00 Index calculation agent: S&P Dow ▇▇▇▇▇ Indices LLC ISIN: US78378X1072 Bloomberg: <SPX Index> Performance: available under ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇ (Symbol: SPX:IND) Details of index calculation: available under ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/home/en/us Adjustments of the index calculation: available under ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/indices/index-announcements/en/us Information about the historical and future performance of the Underlying and its volatility can be obtained on the Internet from the website specified above.