en European Corporate Credit Sector Strategist Disclaimer

European Corporate Credit Sector Strategist Disclaimer

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These materials are distributed by Credit Suisse International ("CS"), which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority for the conduct of investment business in the United Kingdom. These materials are not intended for retail distribution and have been prepared by a Credit Sector Strategist ("Strategists"). Strategists are employees of CS's Trading Desk and are supervised by Trading Desk managers. Their primary responsibility is to support the trading desk. To that end, Strategists prepare trade commentary, trade ideas, and other analysis ("analysis") 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. Strategists may receive additional or different information subsequent to your receipt of these materials. The analysis of Strategists is subject to change, and subsequent analysis 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 Strategist's analysis has changed. These materials and other written and oral communications from Strategists are provided for information purposes only, do not constitute a recommendation and are not a sufficient basis for an investment decision. Strategists are not part of CS's Fixed Income Research Department, and the written analyses disseminated by Strategists are not research reports. The views of CS's Trading Desks, including Strategists, may differ materially from the views of the Research Department and other divisions at CS. CS has a number of policies in place designed to ensure the independence of CS's Fixed Income Research Department including policies relating to trading securities prior to distribution of research reports. These policies do not apply to the analysis provided by Strategists. CS 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 Strategists' analysis. Trading desks may have, or take, positions inconsistent with analysis provided by Strategists.

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