Important Disclosures

This is provided to you by Credit Suisse Securities (USA) LLC (“CSSU”) for your information only. This is not intended to be an offer or solicitation to purchase or sell any security or to employ a specific investment strategy. No part of this material may be reproduced or retransmitted in any manner without the prior written permission of CSSU. CSSU does not represent, warrant or guarantee that this material is accurate, complete or suitable for any purpose or any particular investor and it should not be used as a basis for investment decisions. It is not to be relied upon or used in substitution for the exercise of independent judgment. Information and opinions expressed by us have been obtained from sources believed to be reliable. CSSU makes no representation as to their accuracy or completeness and CSSU accepts no liability for losses arising from the use of the material presented.

This material does not contain all of the information that you may wish to consider and it does not take into account your individual situation or circumstances. CSSU does not provide, and nothing contained herein should be construed as, tax, accounting or legal advice; you should consult your personal accounting, tax, and legal advisors to understand the implications of any investment specific to your personal financial situation.

The term “Credit Suisse” is the global marketing brand name for the investment banking, asset management and private banking services offered by Credit Suisse Group subsidiaries and affiliates worldwide. The term “Private Banking North America” generally refers to the private banking business within CSSU. Each legal entity in Credit Suisse Group is subject to distinct regulatory requirements and certain products and services may not be available in all jurisdictions or to all client types. There is no intention to offer products and services in countries or jurisdictions where such offer would be unlawful under the relevant domestic law.

Private Banking North America is a business in CSSU.  CSSU is a US registered broker dealer and investment adviser. CSSU and the Private Banking North America business in CSSU each is not a chartered bank, trust company or depository institution. It is not authorized to accept deposits or provide corporate trust services and it is not licensed or regulated by any state or federal banking authority. References to the Private Banking North America business refer solely to the private banking business in CSSU.