Following completion of the merger of UBS AG and Credit Suisse AG, Credit Suisse AG’s business was transferred to UBS AG, and Credit Suisse AG ceased to exist. At this time however, the two entities did not operationally merge and, as a result, we continue to have two sets of operational infrastructure and processes during this transitionary period.

Consequently UBS AG is now the sole parent entity and all direct subsidiaries of Credit Suisse AG have become direct subsidiaries of UBS AG, and all branches of Credit Suisse AG have been absorbed into existing or established as new branches of UBS AG (as the case may be). As such, Credit Suisse AG’s branches have been renamed as UBS Branches, with the exceptions of Credit Suisse AG, Taipei Securities Branch and Credit Suisse AG Shanghai Branch.

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Preliminary Trade Details

In the event that this email contains a written summary of key economic terms of a transaction that you have executed with Credit Suisse or one of its subsidiaries or affiliates ("CS"), please note that all such summary terms are conditional upon and subject to the terms of the final written confirmation that will follow shortly.

The terms are provided solely for informational purposes, are intended for your use only. Any indicative price quotations, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by us or that have been expressly specified by you. The assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such quotations, disclosure or analyses. Price/yield information is indicative and may change without notice.

CS is acting solely as an arm's length contractual counterparty and not in a financial adviser or fiduciary capacity unless it has agreed to so act in writing.