en US Corporate Credit Sector Strategist Disclaimer

US Corporate Credit Sector Strategist Disclaimer

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These materials have been prepared by a Corporate Credit Sector Strategist. Corporate Credit Sector Strategists are employees of CS's Corporate Credit Sales and Trading Department and are supervised by Corporate Credit Sales and Trading managers. Their primary responsibility is to support the trading desk. To that end, Corporate Credit Sector Strategists prepare trade commentary, trade ideas, and other materials ("materials") in support of CS's trading desks. The information in these materials has been obtained or derived from publicly available sources believed to be reliable, but CS makes no representations as to its accuracy or completeness. Corporate Credit Sector Strategists may receive or develop additional or different information subsequent to your receipt of these materials. The materials provided by Corporate Credit Sector Strategists are subject to change, and subsequent views may be inconsistent with information previously provided to you. CS does not undertake a duty to update these materials or to notify you when or whether the Corporate Credit Sector Strategists' views have changed. These materials and other written and oral communications from Corporate Credit Sector Strategists are provided for information purposes only, do not constitute a recommendation and are not a sufficient basis for an investment decision.

Corporate Credit Sector Strategists are not part of CS's Research Departments, and the written materials disseminated by Corporate Credit Sector Strategists are not research reports. The views of CS's Trading Desks, including Corporate Credit Sector Strategists, may differ materially from the views of the Research Departments and other divisions at CS. CS has a number of policies in place designed to ensure the independence of CS's Research Departments from CS's Corporate Credit Trading Desks, including policies relating to trading securities prior to distribution of research reports. These policies do not apply to the materials provided by Corporate Credit Sector Strategists. The Corporate Credit Trading Desk trades or may trade as principal in the securities (or related securities) that are the subject of these materials. Corporate Credit Trading Desks may have accumulated, be in the process of accumulating, or accumulate long or short positions in the subject security or related securities on the basis of Corporate Credit Sector Strategists' materials. Trading desks may have, or take, positions inconsistent with materials provided by Corporate Credit Sector Strategists.

CS is not acting and will not act as a municipal advisor within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules and regulations promulgated thereunder ("Municipal Advisor Rule"). Any services, material, or information that CS provides to a municipal entity or obligated person as defined by the Municipal Advisor Rule ("Covered Party") are provided on an arm's length basis and not as an advisor or fiduciary to the Covered Party. CS does not intend to make a recommendation or suggestion to any Covered Party concerning municipal derivatives, the issuance of municipal securities, the use of guaranteed investment contracts, or investment strategies for the proceeds of municipal securities or municipal escrow investments. Covered Parties should consult with their own internal and external advisors before taking action with respect to any services, material, or information provided to them by CS. CS will not solicit a Covered Party for direct or indirect compensation on behalf of an unaffiliated broker, dealer, municipal securities dealer, or municipal advisor for the purpose of obtaining or retaining an engagement for that broker, dealer, municipal securities dealer, or municipal advisor by the Covered Party for or in connection with municipal derivatives, the issuance of municipal securities, the use of guaranteed investment contracts, or investment strategies for the proceeds of municipal securities or municipal escrow investments. CS also will not solicit a Covered Party for direct or indirect compensation on behalf of an unaffiliated investment adviser for the purpose of obtaining or retaining an engagement for that investment adviser by the Covered Party to provide investment advisory services to or on behalf of the Covered Party.

Credit Suisse takes no responsibility for the content of any third-party site. Links to third-party sites are provided solely for your convenience and information; accessing such sites is at your own risk.