The Bond Opportunities Basket Certificate Tracker is issued in USD, it comprises a selection of at least 5 bonds or ETF’s on bonds but no more than 20. The Certificate is composed of bonds or ETF’s on bonds and cash components. It is of « open end » type, that means that it has no final fixing date. The Investment universe is composed by governemental and/or corporate bonds with an S&P rating of at least BB. An exchange-rate hedge may be taken out or wound up during the lifetime of the product.