en Commodities Disclaimer

Commodities Disclaimer

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This material is provided for your information only and may not be distributed to anyone else without the express consent of Credit Suisse AG or its subsidiaries or affiliates (collectively " CS "). This information has been prepared by the [Commodities Trading and Marketing Group] and is not the product of CS ’s research department. It has been prepared solely for informational and illustrative purposes, is intended for your use only, and is not to be deemed as an offer to sell, or a solicitation of an offer to buy, any security, commodity, future or other financial instrument or derivative thereof or the provisions of an offer to provide investment services in any state or country and this material does not constitute investment research, a research recommendation, or substantive research or analysis. Any discussions or results based on hypothetical projections or past performance have certain inherent limitations and should not be taken as an indication of future results. It is intended only to provide observations and views of the relevant individual sales and/or trading personnel, which may be different from, or inconsistent with, the observations and views of CS analysts or other CS sales and/or trading personnel, or the proprietary positions of CS. There is no certainty that the parameters and assumptions used in this analysis will duplicate or accurately predict future results. The information set forth above has been obtained from or based upon sources believed by CS to be reliable, but CS does not represent or warrant its accuracy or completeness. This material does not purport to contain all of the information that an interested party may desire and is not intended to provide a sufficient basis on which to make an investment decision and is not a personal recommendation. In all cases, interested parties should conduct their own investigation of the analysis described in these materials and the data set forth in it. Each person receiving these materials should make an independent assessment of the merits of the analysis and should consult their own professional advisors. Nothing in this presentation constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances. CS accepts no liability for loss arising from the use of this material. This material is not for distribution to retail clients and is directed exclusively at CS 's market professional and institutional clients. Moreover, any investment or service to which this material may relate, will not be made available by CS to such retail customers. All valuations are subject to CS valuation terms. Information provided on trades executed with CS will not constitute an official confirmation of the trade details. CS may, from time to time, participate in transactions in the markets referred to herein, and/or have a position or effect transactions in the instruments or derivatives thereof.