NatWest US Publication Disclaimer
2023-06-28T01:00:00

This is not a research report.

 

This communication is not a “research report” as defined in Commodity Futures Trading Commission (“CFTC”) Regulations 1.71 and 23.605 promulgated pursuant to the U.S. Commodity Exchange Act and is not intended to provide information upon which to base a decision to enter into a derivatives transaction regulated by the CFTC. Any discussion in this communication of derivatives is limited to commentary on economic, political, or market conditions and statistical summaries of multiple companies’ financial data, which may include lists of current ratings. No investment decision should be made in reliance on this material, which is condensed, not comprehensive, and does not include all risk factors or other matters that may be material. This is not a recommendation or investment advice.

 

This communication is not a research report under the legal requirements in any country or jurisdiction designed to promote the independence of investment research. This communication is from Natwest Markets Securities Inc., (“NWMSI”) sales and trading desks. It is intended for sophisticated institutional investors only. This report is not subject to any prohibition on dealing ahead of the dissemination of investment research. All views or opinions herein are solely those of the author(s) as of the date of this communication and are not to be relied upon as authoritative. Any views expressed herein may not be objective or independent of the author or other NWMSI sales and trading desks, who are active participants in the markets, investments, or strategies referred to in this communication.

 

NWMSI is the US based affiliate of Natwest Markets PLC (“NWM PLC”) and is a broker-dealer and a member of FINRA and SIPC. For the avoidance of doubt, this material is not intended for persons who are Retail Clients within the meaning of the FINRA rules. US investors must effect any transaction in any security that is the subject of this material through NWMSI rather than NWM PLC. For more information, or to place an order for a security, please contact your NWMSI representative by telephone at 1- 203 897 6083 or by mail at 600 Washington Boulevard, Stamford, CT 06901, USA. The securities described herein may not have been registered under the Securities Act of 1933 (and, in such case, may not be offered or sold to US persons unless they are being sold in compliance with an exemption).

 

NWM PLC is a provisionally registered Swap Dealer with the U.S. Commodity Futures Trading Commission and is a member of the National Futures Association (“NFA”).