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Important Legal Information

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


This material has been prepared by individual sales and/or trading personnel of Credit Suisse Securities (Europe) Limited or its subsidiaries or affiliates (collectively "Credit Suisse") and not by Credit Suisse's research department. It is not investment research, or a research recommendation for the purposes of the rulesof the Financial Conduct Authority (“FCA”) in the United Kingdom as it does not constitute substantive research or analysis. All Credit Suisse research recommendations can be accessed through the following hyperlink: https://s.research-and-analytics.csfb.com/login.asp subject to the use of a suitable login. This material is provided for information purposes, is intended for your use only and does not constitute an invitation or offer to subscribe for or purchase any of the products or services mentioned. The information provided is not intended to provide a sufficient basis on which to make an investment decision and is not a personal recommendation. It is intended only to provide observations and views of the said individual sales and/or trading personnel, which may be different from, or inconsistent with, the observations and views of Credit Suisse analysts or other Credit Suisse sales and/or trading personnel, or the proprietary positions of Credit Suisse. Observations and views of the salesperson or trader may change at any time without notice. Information and opinions presented in this material have been obtained or derived from sources believed by Credit Suisse to be reliable, but Credit Suisse makes no representation as to their accuracy or completeness. Credit Suisse 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 Credit Suisse's market professional and institutional clients. Moreover, any investment or service to which this material may relate, will not be made available by Credit Suisse to such retail customers. All valuations are subject to Credit Suisse valuation terms. Information provided on trades executed with Credit Suisse will not constitute an official confirmation of the trade details. Credit Suisse Securities (Europe) Limited ("CSSEL") and Credit Suisse International ("CSI"), do not hold an Australian Financial Services License ("AFSL") and are exempt from the requirement to hold an AFSL. CSSEL and CSI are authorised and regulated under UK laws, which differ from Australian laws.

Credit Suisse Securities Europe Limited ("CSSEL") is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom.

Please click on this link for MiFID II Costs and Charges Disclosures:
MiFID II Costs and Charges