28.10.2013 Views

Backwardation Index - creative services new york

Backwardation Index - creative services new york

Backwardation Index - creative services new york

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Risk Disclosures<br />

WIENER VERSICHERUNGSFACHTAG<br />

• COMMODITY LINKED RETURN: THESE PRODUCTS ARE COMMODITY-LINKED. Commodity-linked products tend to be much<br />

riskier and more volatile than other investments.<br />

• COMMODITY VOLATILITY: COMMODITIES ARE VOLATILE. Prices may be affected by liquidity, supply and demand, market<br />

activity, regulatory intervention, civil action, natural disaster and other geopolitical circumstances.<br />

• INDEX COMPONENTS: COMMODITY INDICES MAY REFERENCE ILLIQUID FUTURES CONTRACTS. The prices for such<br />

futures may differ significantly from spot prices for the same commodity.<br />

• MARKET DISRUPTION: COMMODITY MARKETS ARE SUBJECT TO FREQUENT DISRUPTION. The effects of market<br />

dislocation can be global regardless of the locality of the disruption.<br />

• PAST PERFORMANCE: This document contains data on past performance. They are not a reliable indicator of future results.<br />

• BACK-TESTING: BACKTESTING HAS SIGNIFICANT LIMITATIONS. Be cautious when using historical data to assess how a<br />

product might have performed before its issue<br />

• COMPLEXITY: COMPLEX STRUCTURED PRODUCTS. Its return may differ from those of the financial assets underlying it. The<br />

constituents of the Product could interact in unexpected ways to cause a loss.<br />

• CONFLICTS OF INTEREST: Barclays may have positions in and non-public information about the financial assets underlying the<br />

product. It will not disclose any such information to you. Barclays trading and hedging activity may adversely affect performance of<br />

the product. Upon any market disruption, Barclays will value the product according to its own models.<br />

• CURRENCY RISK: Transactions linked to currency exchange rates are subject to currency exchange rate volatility which may be<br />

sudden and large and tend to be affected by factors such as economic and political events.<br />

• SUMMARY: This document is a summary only and these risk factors are not exhaustive. Where a transaction results it will be<br />

superseded by final legal documentation.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!