Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

(i)(ii)(iii)(iv)(v)(vi)(vii)the risk that the share price of one or more of the assets in the Reference Fund’s portfolio will fall, orwill fail to rise. Many factors can adversely affect an asset’s performance, including both generalfinancial market conditions and factors related to a specific asset or asset class;general macro-economic or asset class specific factors, including interest rates, rates of inflation,financial instability, lack of timely or reliable financial information or unfavourable political or legaldevelopments;asset allocation policies of the Fund Manager and/or the Fund Adviser;credit quality and the risk of default of one of the hedge funds or of assets generally held in theReference Fund;the risk that the Reference Fund’s investment objectives and/or investment restrictions as set out in itsconstitutive documents are materially changed, not complied with or the method of calculating the NetAsset Value is materially changed;the risk that the Reference Fund is liquidated, dissolved or otherwise ceases to exist or it or its FundManager and/or the Fund Adviser is subject to a proceeding under any applicable bankruptcy,insolvency or other similar law; andthe risk that the Reference Fund is subject to a fraudulent event.Prospective investors in the Notes should be aware that the Fund Manager and/or the Fund Adviser willmanage the Reference Fund in accordance with the investment objectives of and guidelines applicable to theReference Fund. Furthermore, the arrangements between the Fund Manager and/or the Fund Adviser and theReference Fund have, in most cases, not been negotiated at arm’s length and it is unlikely that the FundManager and/or the Fund Adviser will be replaced or that additional fund managers and/or fund advisers willbe retained.Use of estimatesPotential investors should understand that for certain determinations, the Calculation Agent or the Issuer maybe required to rely on (a) values that at the time they are required are only estimated values, and (b)information provided by third parties, such as the Fund Adviser or Fund Service Providers, the accuracy ofwhich neither the Issuer nor the Calculation Agent has any control, and as such, they may rely on thisinformation without any obligation to verify or otherwise corroborate it.Changing valueThe value of the Notes may move up or down between the Issue Date and the Maturity Date and an investor inthe Notes in the secondary market during that time or on maturity of the Notes may sustain a significant loss.Factors that may influence the value of the Notes include: the value of the Reference Fund; thecreditworthiness of the Issuer in respect of the Notes; and those economic, financial, political and regulatoryevents that affect financial markets generally (including, for example, interest, foreign exchange and yieldrates in the market).The market price of a Fund Interest Unit in the Reference Fund may be volatile and may depend on the timeremaining to the redemption date or settlement date (as applicable) and the volatility of the price of a FundInterest Unit and may be affected by the performance of the fund service providers, and in particular theinvestment adviser. The price of a Fund Interest Unit may be affected by economic, financial, political andregulatory events that affect financial markets generally (including, for example, factors affecting theexchange(s) or quotation system(s) on which any such Fund Interest Unit may be traded.20