Replacement of the USD 3-M LIBOR in the Solactive Optimal Consumer Staples Consumer Discretion Index | 2023-06-13

Background

• On the 3^rd of December 2021, Solactive announced the results of its market consultation regarding the accelerated replacement of USD term LIBORs and the usage of the ISDA fallback spread adjustments in Solactive administered indices. The announcement can be found at the following link

https://www.solactive.com/response-to-the-market-consultation-regarding-the-accelerated-replacement-of-the-usd-term-london-inter-bank-rates-and-the-usage-of-the-isda-fallback-spread-adjustments-in-solactive-administered-indice/

• The announced treatment shall now be applied to the Solactive Optimal Consumer Staples Consumer Discretion Index (the “Index“).

Announcement

As of 28^th June 2023, the Index will switch the currently used rate of USD 3-M LIBOR to  SOFR + a spread adjustment of 0.26161%, in line with the announced replacement methodology for Solactive administered indices.