Psagot Sal S&P NIS is an exchange traded certificate incorporated in Israel. The Certficate's price is linked to the S&P 500 index and has no exposure to the NIS to USD exchange rate. The Certificate will achieve its linkage to the S&P 500 index by an undertaking for a cash settlement upon request with a conversion ratio according to the price of the index.
Psagot Exchange Traded Notes Indexes
Ehad Ha'am 14