BNKU

The investment objective of MULTI UNITS LUXEMBOURG -Lyxor S&P 500 BanksUCITS ETF (the“Sub-Fund”)is to track both the upward and the downward evolution of the S&P 500 Capped 35/20 Banks and Diversified Financials Select Index (NTR) (the “Index”) denominated in USD, representative of the performance of main US banks and investment servicescompanies, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (the “Tracking Error”).