DISCLAIMER

This document is for informational purposes only. It does not constitute an invitation to buy or sell securities, investment advice or any other recommendation. It is a non-public offer intended exclusively for qualified investors who understand and accept the associated risks. Past investment performance is no indication of future earnings. The full details of the bearer bonds can be found in the current terms and conditions of the bearer bond. Together with the subscription form, they are the sole binding basis of the purchase and are available free of charge from [platform]. The information contained in this document reflects current information or estimates at the time of preparation. Changes are subject to change without notice. Although this information has been compiled with the utmost care, no guarantee can be given for its accuracy, completeness or adequacy. The information contained in this document is based on the assessment of [platform] and the current legal and tax position at the time of preparation. However, the tax treatment of an investment in the Notes depends on the personal circumstances of the investor and may be subject to change in the future. This document is a promotional message. The publication is to be kept confidential.