(published on January 17, 2023)

This model language enables parties transacting an Index Swap Transaction (as defined in the Equity Definitions) under the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”), where the underlying index is a total return index and the Type of Return (as defined in the Equity Definitions) is specified as Price Return (as defined in the Equity Definitions), to provide for the consequence if certain events occur in respect of a declared dividend by an issuer of the underlying component securities of the Index.