A Turbo is a financial instrument that offers you the opportunity to benefit sooner than usual from any price increases or decreases through leverage.

At present you can use Turbos to invest in indexes, equities, commodities, currency and bonds.

For a complete summary of all Turbos available, go to www.abnamromarkets.be .

You can always find a Turbo using the ISIN code, which remains the same throughout the life of the Turbo.

In contrast, the name of a Turbo may change during its life. If the stop-loss limit changes, the name also changes accordingly.

For instance: You purchase a Turbo with the name AAB BEL 20 TL 3200.
This name breaks down as follows:

• AAB stands for ABN AMRO, the issuer of the Turbo
• BEL 20 stands for the underlying index for the Turbo
• TL stands for Turbo Long (TS stands for Turbo Short)
• 3200 is the stop-loss limit

You can trade Turbos on Euronext Amsterdam between 9.05 a.m. and 5.25 p.m.

Go to Keytrade Bank's secured site and enter the Turbo's ISIN code in the search box. You will automatically obtain the detailed quote of the Turbo, along with the trading form.

If you do not know the ISIN code or require further details of the Turbo, you can use the dedicated Turbo search engine (via: Investing > Warrants on our secured site). This takes you to a dedicated Keytrade Bank page on the ABN AMRO site, where you will find all the information provided by ABN AMRO, along with the option of using the Turbo calculator.
If you want to place an order, click on Transaction and you will automatically return to Keytrade Bank's secured site, where you can place the order.

You fill in the trading form in exactly the same way as for any other financial instruments that can be traded via Keytrade Bank.

Because investing in a Turbo is riskier than investing directly in the underlying asset, we suggest that you always work with limit orders.

The charges for Turbos are made up of transaction fees, the custody fee and funding costs.

Keytrade Bank's fee for trading Turbos is € 14.95 per transaction (for orders up to € 5,000).
The fee is € 24.95 per transaction for orders between € 5,000 and € 50,000.
There is no custody fee.

The funding costs are incorporated in the price of a Turbo on a daily basis.

The value of a Turbo can be easily calculated on the basis of the following data:

• Price of the underlying asset
• Level of funding
• Exchange rate
• Ratio

With a Turbo you only invest part of the value of the underlying asset. The remainder is financed on your behalf by ABN AMRO.

The portion financed by ABN AMRO is called the level of funding.

The stop-loss limit ensures that you never lose more than you invest. The stop-loss limit is the price of the underlying asset at which the Turbo automatically expires.

The stop loss is adjusted once a month on the basis of the current level of funding.

A Turbo Long is the type of Turbo in which you invest if you believe that the price of the underlying asset is set to increase.

A Turbo Short the type of Turbo in which you invest if you believe that the price of the underlying asset is set to fall.

ABN AMRO is liquidity provider for its Turbos on Euronext Amsterdam. You are therefore not only dependent on other investors that wish to buy or sell.
ABN AMRO's bid and offer prices depend on the following factors:

• Theoretical value of the Turbo
• Underlying instrument
• Supply and demand for the Turbo and the underlying instrument
• Market uncertainty and volatility

Some of the advantages are:

• the possibility of benefiting sooner than usual from price increases or decreases
• readily tradable on Euronext Amsterdam
• transparent price-setting
• extensive choice of underlying assets (indexes, equities, commodities, currency and bonds)
• high profit potential due to leverage
• built-in stop-loss limit
• no fixed duration

Because of the leverage, investing in Turbos is riskier than direct investment in the underlying asset.

If the price of the underlying asset reaches or exceeds the stop-loss limit, the Turbo is automatically unwound and the residual value paid to the investor. In such cases, you may lose your entire investment.

If you invest in a Turbo for which the underlying asset is listed in foreign currency, exchange-rate fluctuations may have a negative impact on the price of the Turbo.