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Curr<strong>en</strong>cy Linked NotesThe Issuer may <strong>is</strong>sue Notes where the amount of principal and/or interest payable are <strong>de</strong>p<strong>en</strong><strong>de</strong>nt uponmovem<strong>en</strong>ts in curr<strong>en</strong>cy exchange rates or are payable in one or more curr<strong>en</strong>cies which may be differ<strong>en</strong>t fromthe curr<strong>en</strong>cy in which the Notes are <strong>de</strong>nominated.Pot<strong>en</strong>tial investors in any such Notes should be aware that, <strong>de</strong>p<strong>en</strong>ding on the terms of the Curr<strong>en</strong>cy LinkedNotes, (i) they may receive no or a limited amount of interest, (ii) paym<strong>en</strong>t of principal or interest may occurat a differ<strong>en</strong>t time or in a differ<strong>en</strong>t curr<strong>en</strong>cy than expected and (iii) they may lose all or a substantial portion oftheir investm<strong>en</strong>t. In ad<strong>dit</strong>ion, movem<strong>en</strong>ts in curr<strong>en</strong>cy exchange rates may be subject to significant fluctuationsthat may not correlate with changes in interest rates or other indices and the timing of changes in the exchangerates may affect the actual yield to investors, ev<strong>en</strong> if the average level <strong>is</strong> cons<strong>is</strong>t<strong>en</strong>t with their expectations. Ing<strong>en</strong>eral, the earlier the change in curr<strong>en</strong>cy exchange rates, the greater the effect on yield.If the amount of principal and/or interest payable are <strong>de</strong>p<strong>en</strong><strong>de</strong>nt upon movem<strong>en</strong>ts in curr<strong>en</strong>cy exchange ratesand are <strong>de</strong>termined in conjunction with a multiplier greater than one or by refer<strong>en</strong>ce to some other leveragefactor, the effect of changes in the curr<strong>en</strong>cy exchange rates on principal or interest payable will be magnified.The market price of such Notes may be volatile and, if the amount of principal and/or interest payable are<strong>de</strong>p<strong>en</strong><strong>de</strong>nt upon movem<strong>en</strong>ts in curr<strong>en</strong>cy exchange rates, may <strong>de</strong>p<strong>en</strong>d upon the time remaining to there<strong>de</strong>mption date and the volatility of curr<strong>en</strong>cy exchange rates. Movem<strong>en</strong>ts in curr<strong>en</strong>cy exchange rates may be<strong>de</strong>p<strong>en</strong><strong>de</strong>nt upon economic, financial and political ev<strong>en</strong>ts in one or more jur<strong>is</strong>dictions.Commo<strong>dit</strong>y Linked NotesThe Issuer may <strong>is</strong>sue Notes where the amount of principal and/or interest payable are <strong>de</strong>p<strong>en</strong><strong>de</strong>nt upon theprice or changes in the price of a commo<strong>dit</strong>y or basket of commo<strong>dit</strong>ies or where, <strong>de</strong>p<strong>en</strong>ding on the price orchange in the price of the commo<strong>dit</strong>y or basket of commo<strong>dit</strong>ies, on re<strong>de</strong>mption the Issuer may be obliged to<strong>de</strong>liver specified assets.Pot<strong>en</strong>tial investors in any such Notes should be aware that <strong>de</strong>p<strong>en</strong>ding on the terms of the Commo<strong>dit</strong>y LinkedNotes (i) they may receive no or a limited amount of interest, (ii) paym<strong>en</strong>t of principal or interest or <strong>de</strong>liveryof any specified assets may occur at a time other than expected and (iii) they may lose all or a substantialportion of their investm<strong>en</strong>t. In ad<strong>dit</strong>ion, the movem<strong>en</strong>ts in the price of the commo<strong>dit</strong>y or commo<strong>dit</strong>ies may besubject to significant fluctuations that may not correlate with changes in interest rates, curr<strong>en</strong>cies or otherindices and the timing of changes in the rele<strong>van</strong>t price of the commo<strong>dit</strong>y or the commo<strong>dit</strong>ies may affect theactual yield to investors, ev<strong>en</strong> if the average level <strong>is</strong> cons<strong>is</strong>t<strong>en</strong>t with their expectations. In g<strong>en</strong>eral, the earlierthe change in the price or prices of the commo<strong>dit</strong>ies, the greater the effect on yield.If the amount of principal and/or interest payable are <strong>de</strong>termined in conjunction with a multiplier greater thanone or by refer<strong>en</strong>ce to some other leverage factor, the effect of changes in the price of the commo<strong>dit</strong>y orcommo<strong>dit</strong>ies on principal, interest payable or the amount of specified assets <strong>de</strong>liverable will be magnified.The market price of such Notes may be volatile and may <strong>de</strong>p<strong>en</strong>d on the time remaining to the re<strong>de</strong>mption dateand the volatility of the price of the commo<strong>dit</strong>ies. The price of commo<strong>dit</strong>ies may be affected by economic,financial and political ev<strong>en</strong>ts in one or more jur<strong>is</strong>dictions, including factors affecting the exchange(s) orquotation system(s) on which any such commo<strong>dit</strong>ies may be tra<strong>de</strong>d.In<strong>de</strong>x Linked Notes, Equity Linked Notes and Dual Curr<strong>en</strong>cy NotesThe Issuer may <strong>is</strong>sue Notes with principal or interest <strong>de</strong>termined by refer<strong>en</strong>ce to an in<strong>de</strong>x or formula, changesin the prices of securities, movem<strong>en</strong>ts in curr<strong>en</strong>cy exchange rates or to other factors (each, a “Rele<strong>van</strong>tFactor”). In ad<strong>dit</strong>ion, the Issuer may <strong>is</strong>sue Notes with principal or interest payable in one or more curr<strong>en</strong>cies17

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