KEY INFORMATION DOCUMENT Purpose This document provides you with key information about this investment Product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this Product and to help you compare it with other Products. Product Name of Product: VanEck Solana ETN ("Product"/"PRIIP") ISIN: DE000A3GSUD3 PRIIP Manufacturer:VanEck ETP AGWebsite for PRIIP Manufacturer: www.vaneck.comCall: +49 69 4056 6950 for more information. Competent Authority: The Liechtenstein FMA is responsible for supervising the VanEck ETP AG in relation to this Key Information Document ("KID"). Date of production of the KID: 26 September 2023You are about to purchase a Product that is not simple and may be difficult to understand. What is this Product? Type:The Product is a bearer note according to German law. It is certified through a global certificate, which is in custody at Clearstream Banking Frankfurt. Term:The maturity date of the Product is 31.12.2029. The Manufacturer may extend the maturity date by periods of up to 10 years until no later than 31.12.2068 (Final Redemption Date) by giving notice of each such extension to investors. The Manufacturer is entitled to terminate the Product at its own discretion with 30 days’ notice. In the event of special circumstances as outlined in the Final Terms, termination may be effected within 5 days of the announcement of the termination. If the Manufacturer terminates the Product before its maturity date the Redemption Amount might be less than what you would have expected to receive at the maturity date. Objective: The Product intends to allow investors to invest into the digital asset SOL through a security. The Product is secured by a portfolio of SOL held in safe custody by the custodian and, in exceptional cases, by SOL based derivatives. On the due date, investors will receive an amount equal to the calculated value of the Product. The value of the Product will be determined as follows: On the issue date the value of the Product will be USD 10.00. On any valuation date thereafter the value of the Product is calculated as the value on the immediately preceding valuation date, adjusted by the percentage change in the value of the SOL portfolio serving as security and the pro rata costs and expenses. The price of SOL used for this calculation will be calculated by MarketVector Indexes GmbH, an affiliate of the Issuer, based on prices from the most important exchanges for digital assets. The prices from different exchanges will be weighted according to the liquidity provided on the relevant exchange. The Manufacturer will calculate the price of the Product on each business day at 4.00pm CET. The price will be calculated using the volume based average SOL price between 3.00pm and 4.00pm CET. Investors will be able to buy and sell the Product on exchange. In order to support liquidity for the Product the Manufacturer has authorised one or more traders to acquire and redeem one or more baskets of 50,000 notes from and to the Manufacturer on every business day. Intended Retail Investor:This Product is intended for all kinds of investors who are looking for capital growth and/or optimization and have an investment horizon which is at least equal to the recommended holding period shown below. Only those investors who have the ability to make an informed decision based on sufficient knowledge and understanding of the Product and the market and the ability to bear a loss up to a total loss of their investment should consider investing in the Product. Furthermore, the Product was developed for investors with extensive knowledge and experience with regards to financial products, and who have evaluated the particularities of the underlying digital assets in detail. The Product does not offer a capital guarantee. What are the risks and what could I get in return? This risk indicator assumes you keep the Product for 5 years. 1 2 3 4 5 6 7 The actual risk can vary significantly if you sell or redeem at an early stage and you may get back less. Lower risk Higher risk The summary risk indicator is a guide to the level of risk of this Product compared to other Products. It shows how likely it is that the Product will lose money because of movements in the markets or because we are not able to deliver the redemption amount or pay you. We have classified this Product as 7 out of 7, which is the the highest risk class. This rates the potential losses from future performance at a very high and poor market conditions are very likely to impact the capacity of VanEck ETP AG to pay you. This Product does not include any protection from future market performance so you could lose some or all of your investment. The following risk may be materially relevant to the Product but may not be adequately captured by the summary risk indicator and may cause additional loss: Technology Risk: Trading venues/systems may be subject to hacking and can lead to loss. Regulatory Risk: market disruptions and governmental interventions may make digital assets illegal. Performance scenarios: What you will get from this Product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the Product over the last 10 years. Markets could develop very differently in the future.Recommended holding period: 5 years. Example Investment: USD 10,000 Scenarios If you exit after 1 year If you exit after 5 years Minimum There is no minimum guaranteed return. You could lose some or all of your investment. What you might get back after costs USD 0 USD 0 StressAverage return each year -100.00 % -95.13 % What you might get back after costs USD 530 USD 10 UnfavourableAverage return each year -94.71 % -74.87 % What you might get back after costsUSD 12,700 USD 410,950 ModerateAverage return each year 26.99 % 110.26 % What you might get back after costs USD 709,380 USD 4,483,090 FavourableAverage return each year 6993.82 % 239.09 % The figures shown include all the costs of the Product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. The stress scenario shows what you might get back in extreme market circumstances. The unfavourable scenario occurred for an investment between December 2021 and August 2023. The moderate scenario occurred for an investment between December 2015 and December 2020. The favourable scenario occurred for an investment between September 2013 and September 2018. Your maximum loss would be that you will lose all your investment. What happens if VanEck ETP AG is unable to pay out? Insolvency proceedings and/or official instructions during and before the start of insolvency proceedings may hinder VanEck ETP AG to perform its obligations related to the Product and official insolvency proceedings may cause the suspension of your rights. This is also not covered by any investor compensation or guarantee scheme. The loss of all invested money is possible. What are the costs? The person advising on or selling you this Product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest and how long you hold the Product. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: In the first year you would get back the amount that you invested (0 % annual return). For the other holding periods we have assumed the Product performs asshown in the moderate scenario.USD 10 000 is invested Cost over time If you exit after 1 year If you exit after 5 years Total costs USD 150 USD 728 Annual cost impact (*) 1.5 % 1.5 % (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 122.7 % before costs and 119.1 % after costs. We may share part of the costs with the person selling you the Product to cover the services they provide to you. They will inform you of the amount.Composition of CostsOne-off costs upon entry or exitIf you exit after 1 year Entry costs We do not charge an entry fee. USD 0 Exit costsWe do not charge an exit fee. USD 0 Ongoing costs taken each year Management fees and1.5 % of the value of your investment per year. This is an estimate based on actual costs over other administrative or USD 150the last year. operating costs0.0 % of the value of your investment per year. This is an estimate of the costs incurred when we Transaction costs buy and sell the underlying investments for the Product. The actual amount will vary depending USD 0on how much we buy and sell. Incidental costs taken under specific conditions Performance fees (andThere is no performance fee for this Product. USD 0 carried interest) How long should I hold it and can I take money out early? Recommended holding period: 5 years This investment period and the limited duration of the term of the Product should be considered for a comparison with other Products. The Product may be either sold on exchange or to a third party over-the-counter until the end of the term. A redemption with the Manufacturer is not provided for. If you sell the Product before the end of its term the Redemption Amount might be less than you would have received at the end of the term. In extraordinary market conditions, or in case of technical problems, the sale of the Product might be impossible. How can I complain? You may send any kind of complaints about the Product or the conduct of the Company to us via email to E-Mail: complaints-europe@vaneck.com or via letter to either VanEck ETP AG Landstrasse 36, 9495 Triesen, Liechtenstein or VanEck (Europe) GmbH, Attn. Compliance/Complaints Handling, Kreuznacher Str. 30 60486 Frankfurt/Main, Germany. For further information please see Complaints Handling Procedure. In case of complaints about any advice regarding the Product, and related to the acquisition of the Product, please directly contact the person who sold the Product to you or advised you to acquire the Product. Other relevant information Further information about the Manufacturer and the Products including the prospectus are available free of charge online at www.vaneck.com or on request at the registered office of the Manufacturer. These documents are available in English and certain other languages. The net asset value and other information is available online at www.vaneck.com. Performance scenarios are calculated on a monthly basis and are available at https://www.vaneck.com/lu/en/VSOL. VanEck ETP AG is subject to the tax laws and regulations of Liechtenstein. Depending on your own country of residence, this may have an impact on your investment. Please consult your investment or tax adviser for advice on your own tax liabilities.