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Restricted Jurisdictions

The offer, sale, distribution and delivery of the Products are subject to restrictions in certain jurisdictions, including, without limitation, the U.S., Canada, the United Kingdom, and Switzerland, as set out in the Base Prospectus and applicable Final Terms.

The Products may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, U.S. Persons or to Prohibited Investors. Prohibited Investors currently include investors in the following jurisdictions (which may be subject to change): Cuba, Belarus, Iran, North Korea, Russia, Syria, Ukraine, South Sudan, Sudan, Myanmar, and Venezuela.

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The Products have not been and will not be registered under the U.S. Securities Act of 1933, as amended from time to time (the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States. The Products may not be offered, sold or delivered within the United States to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act ("Regulation S")), and may be offered, sold or otherwise delivered at any time only outside of the United States and to transferees that are not U.S. Persons (as defined in Regulation S).