European entrepreneur

This is Marketing Material

Source: Credit Suisse, unless otherwise specified.
Unless noted otherwise, all illustrations in this document were produced by Credit Suisse Group AG and/or its affiliates with the greatest of care and to the best of its knowledge and belief.

This material constitutes marketing material of Credit Suisse Group AG and/or its affiliates (hereafter "CS"). This material does not constitute or form part of an offer or invitation to issue or sell, or of a solicitation of an offer to subscribe or buy, any securities or other financial instruments, or enter into any other financial transaction, nor does it constitute an inducement or incitement to participate in any product, offering or investment. Nothing in this material constitutes investment research or investment advice and may not be relied upon. It is not tailored to your individual circumstances, or otherwise constitutes a personal recommendation. The information and views expressed herein are those of CS at the time of writing and are subject to change at any time without notice. They are derived from sources believed to be reliable. CS provides no guarantee with regard to the content and completeness of the information and where legally possible does not accept any liability for losses that might arise from making use of the information. If nothing is indicated to the contrary, all figures are unaudited. The information provided herein is for the exclusive use of the recipient. The information provided in this material may change after the date of this material without notice and CS has no obligation to update the information. This material may contain information that is licensed and/or protected under intellectual property rights of the licensors and property right holders. Nothing in this material shall be construed to impose any liability on the licensors or property right holders. Unauthorised copying of the information of the licensors or property right holders is strictly prohibited. The full offering documentation including, the prospectus or offering memorandum, the Key Investor Information Document (KIID), the Key Information Document (KID) for Swiss products, the fund rules, as well as the annual and bi-annual reports ("Full offering documentation"), as the case may be, may be obtained free of charge in one of the languages listed below from the legal entity/entities indicated below or where available via FundSearch (credit-suisse.com/fundsearch). Information on your local distributors, representatives, information agent, paying agent, if any, and your local contacts in respect of the investment product(s) can be found below. The only legally binding terms of any investment product described in this material, including risk considerations, objectives, charges and expenses are set forth in the prospectus, offering memorandum, subscription documents, fund contract and/or any other fund governing documents. For a full description of the features of the products mentioned in this material as well as a full description of the opportunities, risks, and costs associated with the respective products, please refer to the relevant underlying securities prospectuses, sales prospectuses, or other additional product documents, which we will be pleased to provide to you at any time upon request. This material may not be forwarded or distributed to any other person and may not be reproduced. Any forwarding, distribution or reproduction is unauthorized and may result in a violation of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The securities referred to herein have not been, and will not be, registered under the Securities Act, or the securities laws of any states of the United States and, subject to certain exceptions, the securities may not be offered, pledged, sold or otherwise transferred within the United States or to, or for the benefit or account of, U.S. persons. This document is distributed by CREDIT SUISSE (LUXEMBOURG) S.A. (“CSLux”), which is authorized as a credit institution in the Grand Duchy of Luxembourg and under the prudential supervision of the Luxembourg supervisory authority of the financial sector, the Commission de Surveillance du Secteur Financier (CSSF), 283, route d’Arlon, L-1150 and part of the Credit Suisse group. This document has been prepared by Credit Suisse Asset Management (Switzerland) Ltd. and not by CSLux. CSLux was not involved in the production of this document. CSLux provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. This document constitutes marketing material. It does not constitute investment research. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and it is not subject to any prohibition on dealing ahead of the dissemination of investment research. This document is intended only to provide general and preliminary information and shall not be construed as the basis for any investment decision nor as an offer or a solicitation to conclude a transaction in financial instruments or to subscribe to banking services. The liability of CSLux may not be engaged as regards any investment, divestment or retention decision taken by an investor/recipient on the basis of this document. Each investor/recipient shall make his/her own appraisal of the tax, legal, accounting and other financial merits and risks of his/her investment regardless of the opinion expressed in the document. An investor must particularly ensure the suitability of his/her investment as regards his/her financial and fiscal situation, his knowledge and experience in financial instruments and his/her investment objectives. The investor bears all the risks of losses in connection with his/her investment. This document shall not be construed as a personal recommendation as regards the financial instruments/investment strategies mentioned in the material. This document does not constitute an investment advice, it does not take into account the recipient’s economic situation, his/her current assets or liabilities, his/her knowledge and experience in financial instruments and markets, his/her investment purposes, investment horizon, risk profile and preferences. This document is addressed to the recipient on the basis of the recipient’s explicit request. This document is for the exclusive use of the recipient. Any use of this information by the recipient is under the sole responsibility of the recipient. This document may not be reproduced or disseminated either in part or in full without the written permission of CSLux. This document is not intended for persons who, due to their nationality or place of residence, are not permitted to receive such information under local law. Neither this document nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person (within the meaning of Regulation S under the US Securities Act of 1933, as amended). In addition, there may be conflicts of interest with regard to the investment. In connection with the provision of services, Credit Suisse AG and/or its affiliates may pay third parties or receive from third parties, as part of their fee or otherwise, a one-time or recurring fee (e.g., issuing commissions, placement commissions or trailer fees). Prospective investors should independently and carefully assess (with their tax, legal and financial advisers) the specific risks described in available materials, and applicable legal, regulatory, credit, tax and accounting consequences prior to making any investment decision. The alternative investment fund manager or the management company, as applicable, may decide to terminate local arrangements for the marketing of the shares/units of a fund, including terminating registrations or notifications with the local supervisory authority. A summary of investor rights for investing in Luxembourg can be obtained via credit-suisse.com/am/regulatory-information, local laws relating to investor rights may apply.

Distributor: Credit Suisse Fund Management S.A.¹, 5 Rue Jean Monnet, L-2180 Luxembourg I Language versions available: German, English, and/or French I Supervisor (Entity of Registration): Commission de Surveillance du Secteur Financier (CSSF), 110 Route d’Arlon, L-1150 Luxembourg, Tel.: +352 2625 11, Fax: +352 2625 1, Website: https://www.cssf.lu/
¹Legal entity, from which the full offering documentation, the key investor information document (KIID), the fund rules, as well as the annual and bi-annual reports, if any, may be obtained free of charge.