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

Prospective purchasers of the Notes have no rights with respect to the Reference Fund or Fund Interest Unitsin the Reference FundA prospective purchaser of Notes has no rights with respect to the Fund Interest Units in the Reference Fundincluding, without limitation, the right to receive dividends or other distributions. None of the Issuer or theAgents or any of their respective affiliates has performed any investigation or review of any entities thatmanage the Reference Fund for the purpose of forming a view as to the merit of an investment linked to theReference Fund. None of the Issuer, any Agent or any of their respective affiliates have performed or willperform any investigation or review of any entities that manage the Reference Fund from time to time,including any investigation of public filings of such entities, for the purpose of forming a view as to thesuitability of an investment linked to the Net Asset Value per Fund Interest Unit and they make no guaranteeor express or implied warranty in respect of the Reference Fund, the Fund Manager and/or the Fund Adviseror any other entity. Accordingly, investors should not conclude that the issue by the Issuer of the Notes is anyform of investment recommendation or advice by any of the Issuer, any Agent or any of their respectiveaffiliates.Notes may have a Protection Amount but such Protection Amount applies only on the Maturity DateProspective investors should note that the Notes may have a minimum redemption amount at maturity calledthe Protection Amount. There can be no assurance that the Notes will redeem above the minimum redemptionamount. The return on the Notes will depend on the performance of the Reference Fund. If the ReferenceFund does not perform in line with an investor’s view of expectations over the term of the Notes, such aninvestor in the Notes will not receive any return on its capital and may suffer a loss. Furthermore, such aninvestor may have lost the opportunity to earn the profit that it might have earned on a deposit or anyinvestment in fixed income securities of the same amount and the same duration. If the Notes are redeemedearly by the Issuer, investors in the Notes may not be repaid the amount originally invested by them in theNotes.Notes may not be principal protectedThe investor should note that the Notes may not be principal protected. On the Maturity Date, the FinalRedemption Amount per Note may be less than the initial investment amount and purchasers of Notes areexposed to full loss of principal.LeverageProspective investors should note that the Notes may expose investors to a substantial degree of leverage. Thisleverage offers the potential for significant profits but also entails a high degree of risk, including the risk ofsubstantial reduction in the value of the underlying. If the interest in an underlying increases, the currentleverage (i.e. the allocation of notional investments in the underlying to the Fund Component) may increaseand thus increase participation in any further rises in value of the Fund Component. Using the Cash Loan, theallocation to the Fund Component can be increased up to a specified maximum of an amount. If the interest inan underlying falls, to the extent the Cash Loan has been used, the underlying will have a leveraged and,therefore, magnified exposure to such fall, which may cause a proportionately higher loss of yield to aninvestor in a declining market.Effect of reduction in leverageProspective investors should note that while a reduction in allocation to the Fund Component and reduction ofthe Cash Loan will protect an investor against reduced performance of the Reference Fund at the time suchallocation adjustment is made, should the performance of the shares in the Reference Fund subsequentlyimprove it will not be possible for an investor to take a corresponding advantage unless and until there is asubsequent allocation adjustment between the Cash Component and the Fund Component, which may only21