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You have reached this page through a hyperlink contained in a communication issued by Credit Suisse. This page is an integral part of that communication and contains important information that you must read.

References to Credit Suisse include Credit Suisse AG and all of its subsidiaries and affiliates operating under its investment banking division. For more information on our structure, please follow the attached link:

Investment principal in securities, commodities, foreign exchange, and derivative instruments can be eroded depending on sale price or market price. In addition, investment principal may be eroded due to changes in redemption amounts. Care is required when investing in such instruments. This material has been prepared by individual traders or sales personnel of Credit Suisse and not by the Credit Suisse research department. It is provided for informational purposes, is intended for your use only and does not constitute an invitation or offer to subscribe for or purchase any of the products, including security-based swaps, or services mentioned. The information provided is not intended to provide a sufficient basis on which to make an investment decision. This material is intended solely for your information and may not be disclosed or distributed to any other person, or otherwise replicated in any form without the prior written consent of Credit Suisse. It is intended only to provide observations and views of individual traders or sales personnel, which may be different from, or inconsistent with, the observations and views of Credit Suisse research department analysts, other Credit Suisse traders or sales personnel, or the proprietary positions of Credit Suisse. Observations and views expressed herein may be changed by the trader or sales personnel at any time without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, expressed or implied is made regarding future performance. The information set forth above has been obtained from or based upon sources believed by the trader or sales personnel to be reliable, but each of the trader or sales personnel and Credit Suisse does not represent or warrant its accuracy or completeness and is not responsible for losses or damages arising out of errors, omissions or changes in market factors. This material does not purport to contain all of the information that an interested party may desire and, in fact, provides only a limited view of a particular market. Credit Suisse may, from time to time, participate or invest in transactions with issuers of securities or other instruments that participate in the markets referred to herein, perform services for or solicit business from such issuers, and/or have a position or effect transactions in the securities or derivatives thereof. Credit Suisse accepts no liability for loss arising from the use of this material. This material is directed exclusively at Credit Suisse's market professional and institutional investor customers as defined by the rules of the relevant regulatory authority. It is not intended for private customers and such persons should not rely on this material. Moreover, any investment or service to which this material may relate, will not be made available by Credit Suisse to such private customers. The most recent Credit Suisse research on any company mentioned is at:

In the event that this email contains a written summary of key economic terms of a transaction that you have executed with Credit Suisse AG or one of its subsidiaries or affiliates please note that all such summary terms are conditional upon and subject to the terms of the final written confirmation that will follow shortly.

The terms are provided solely for informational purposes, are intended for your use only. Any indicative price quotations, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by us or that have been expressly specified by you. The assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such quotations, disclosure or analyses. Price/yield information is indicative and may change without notice.

Credit Suisse Securities (Europe) Limited ("CSSEL") and Credit Suisse International ("CSI") are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority ("FCA") and the Prudential Regulation Authority under UK laws, which differ from Australian Laws. CSSEL and CSI do not hold an Australian Financial Services Licence ("AFSL") and are exempt from the requirement to hold an AFSL under the Corporations Act (Cth) 2001 ("Corporations Act") in respect of the financial services provided to Australian wholesale clients (within the meaning of section 761G of the Corporations Act) (hereinafter referred to as “Financial Services”). This material is not for distribution to retail clients and is directed exclusively at Credit Suisse's professional clients and eligible counterparties as defined by the FCA, and wholesale clients as defined under section 761G of the Corporations Act. Credit Suisse (Hong Kong) Limited ("CSHK") is licensed and regulated by the Securities and Futures Commission of Hong Kong under the laws of Hong Kong, which differ from Australian laws. CSHK does not hold an AFSL and is exempt from the requirement to hold an AFSL under the Corporations Act in respect of providing Financial Services. Investment banking services in the United States are provided by Credit Suisse Securities (USA) LLC (“CSSU”), , an affiliate of Credit Suisse Group. CSSU is regulated by the United States Securities and Exchange Commission under United States laws, which differ from Australian laws. CSSU does not hold an AFSL and is exempt from the requirement to hold an AFSL under the Corporations Act in respect of providing Financial Services. Credit Suisse Asset Management LLC ("CSAM") is authorised by the Securities and Exchange Commission under US laws, which differ from Australian laws. CSAM does not hold an AFSL and is exempt from the requirement to hold an AFSL under the Corporations Act in respect of providing Financial Services. This material is provided solely to Institutional Accounts (as defined in the FINRA rules) who are Eligible Contract Participants (as defined in the US Commodity Exchange Act). Credit Suisse Equities (Australia) Limited (ABN 35 068 232 708) is an AFSL holder in Australia (AFSL 237237). In Australia, this material may only be distributed to Wholesale investors as defined in the Corporations Act.  CS entities, other than Credit Suisse AG, Sydney Branch, are not authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Cth), and products described herein or their obligations do not represent deposits or other liabilities of Credit Suisse AG, Sydney Branch.  Credit Suisse AG, Sydney Branch does not guarantee or otherwise provide assurance in respect of any particular rate of return on, or the performance of any products described or the obligations of CS.

In Japan, this material is distributed by Credit Suisse Securities (Japan) Limited ("CSJL"), a registered Financial Instruments Firm (Director-General of Kanto Local Finance Bureau (Kinsho) No. 66). CSJL is a member of Japan Securities Dealers Association, Financial Futures Association of Japan, Japan Investment Advisers Association and Type II Financial Instruments Firms Association.

Credit Suisse is acting solely as an arm's length contractual counterparty and not in an advisory or fiduciary capacity unless it has agreed to so act in writing.

Collection and Use of Personal Data

As a client, it is necessary from time to time for you to supply Credit Suisse with your personal data/personal information (or personal data/personal information of your employees, directors, shareholders, authorised signatories, agents and representatives, together "your representatives") to enable us to provide and administer financial, banking, securities and investment products and services and to effect transactions for or with you. For Hong Kong clients, Credit Suisse's Personal Information Collection Statement ("PICS") is available at and for Australian clients, the Credit Suisse Privacy and Credit Reporting Policy ("Privacy Policy") is available at and a Credit Suisse Notification and Consent ("Consent") is available at By providing personal data/personal information to us, you represent that you have obtained the required consent of your representatives for Credit Suisse to use/transfer the personal data/ personal information in accordance with the PICS or Privacy Policy and Consent as applicable. If you do not wish to receive marketing from Credit Suisse or wish to access the personal data/personal information held in relation to you, please contact our Hong Kong data protection officer at or our Australian privacy officer at as relevant.