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The products described in this material are available for purchase and sale only in jurisdictions outside the United States in which such purchase and sale are permissible under the local applicable law. These products may not be purchased or sold by any person located or any entity organized in the United States, by any person whose principal residence is in the United States, or any entity with its principal place of business in the United States. If it is determined that any United States person, as defined in the preceding sentence, has purchased or sold these products, such persons will be subject to actions for rescission of the transactions and for damages.

Substantial risk

The products described in this material involve substantial risk and this material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. This material does not constitute the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting, or any other related services, nor is a recommendation being provided to buy, sell or purchase any product.

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