1. The PEPP contract shall lay down the specific provisions for the PEPP in accordance with the applicable rules referred to in Article 3.

2. The PEPP contract shall in particular include the following:

(a) a description of the Basic PEPP, as referred to in Article 45, including information on the guarantee on the capital invested or the investment strategy directed at ensuring the capital protection;

(b) a description of the alternative investment options, as referred to in Article 42(2), where applicable;

(c) the conditions related to the modification of the investment option referred to in Article 44;

(d) where the PEPP offers biometric risk coverage, details of that coverage, including the circumstances that would trigger it;

(e) a description of the PEPP retirement benefits, in particular the possible forms of out-payments and the right to change the form of out-payment referred to in Article 59;