0$7(5,$/ 6$)(7< '$7$ 6+((7
&+(0,&$/ 352'8&7 &203$1< ,'(17,),&$7,21
+$=$5' 5$7,1*6 +0,6 聤 1)3$
0DQXIDFWXUHU6XSSOLHU 6, *URXS
32 %R[ +HDOWK
1< 8QLWHG 6WDWHV
6FKHQHFWDG\ )ODPPDELOLW\
5HDFWLYLW\
7HOHSKRQH 1XPEHUV +RXU (PHUJHQF\ $VVLVWDQFH
33(
(
,Q 86$ &+(075(&
1)3$ 6SHFLDO +D]DUGV
@
,QWHUQDWLRQDO >&DOO &ROOHFW@
7HOHSKRQH 1XPEHUV *HQHUDO $VVLVWDQFH
*HQHUDO
7UDGH 1DPH 653
1$(5*
:+0,6 &ODVVLILFDWLRQV '%
&$6 1XPEHU 1$
&KHPLFDO 1DPH &ODVV 32/<$0,'(,0,'( 5(6,1
3URGXFW 8VH &KHPLFDO LQWHUPHGLDWH
76&$ 6WDWXV 7KH PDWHULDO RU FRPSRQHQWV LV HLWKHU RQ WKH 76&$ LQYHQWRU\ OLVW RU LV H[HPSW IURP WKH UHTXLUHPHQW WR EH
OLVWHG
7UDGH 6HFUHW 7KLV LQIRUPDWLRQ LV QRW FRQVLGHUHG WR UHSUHVHQW FRQILGHQWLDO EXVLQHVV LQIRUPDWLRQ WR 6, *URXS
+$=$5'6 ,'(17,),&$7,21
(PHUJHQF\ 2YHUYLHZ
+D]DUG 6WDWHPHQWV
$16, VLJQDO ZRUG IRU WKLV PDWHULDO LV :$51,1*
3HU 6$5$ UHJXODWLRQV WKLV PDWHULDO UHSUHVHQWV WKH IROORZLQJ KHDOWK KD]DUG V DFXWH FKURQLF
3HU 6$5$ UHJXODWLRQV WKLV PDWHULDO LV FODVVLILHG DV D PL[WXUH
1RW FODVVLILHG DV GDQJHURXV LQ WKH PHDQLQJ RI WUDQVSRUW UHJXODWLRQV
*HQHUDO )LUH +D]DUGV
+LJK FRQFHQWUDWLRQ RI DLUERUQH GXVW PD\ IRUP H[SORVLYH PL[WXUH ZLWK DLU (QVXUH WKDW JRRG KRXVHNHHSLQJ SUDFWLFHV DUH IROORZHG DV ZHOO
DV DSSOLFDEOH JXLGHOLQHV VXFK DV WKH 1DWLRQDO )LUH 3URWHFWLRQ $VVRFLDWLRQ >1)3$@ 3UHYHQWLRQ RI )LUH DQG 'XVW ([SORVLRQV IURP WKH
0DQXIDFWXULQJ 3URFHVVLQJ DQG +DQGOLQJ RI &RPEXVWLEOH 3DUWLFXODWH 6ROLGV 9DSRUV PD\ EH KHDYLHU WKDQ DLU DQG PD\ WUDYHO DORQJ WKH
JURXQG WR VRPH GLVWDQW VRXUFH RI LJQLWLRQ DQG IODVK EDFN
$SSHDUDQFH
'DUN \HOORZ VROLG ZLWK DQ DPLQH RGRU
(PHUJHQF\ RYHUYLHZ
(DFK SHUVRQ ZKR FRXOG SRWHQWLDOO\ EH H[SRVHG WR WKLV PDWHULDO YLD DQ\ URXWH RI HQWU\ ZKLOH SHUIRUPLQJ WKHLU DVVLJQPHQWV URXWLQH DQG
QRQURXWLQH IURP SLSLQJ DQGRU GXULQJ DQ HPHUJHQF\ VLWXDWLRQ VKRXOG UHYLHZ WKLV 06'6 LQ RUGHU WR EHWWHU XQGHUVWDQG WKH KD]DUGV
DVVRFLDWHG ZLWK WKH PDWHULDO $FFRUGLQJO\ SOHDVH QRWH DQ
LQ D +0,6聤 ILHOG LQGLFDWHV WKLV PDWHULDO PD\ SRWHQWLDOO\ LQYROYH FHUWDLQ
FKURQLF KHDOWK LVVXHV VXFK DV FDQFHU +0,6聤 LV D UHJLVWHUHG WUDGH DQG VHUYLFH PDUN RI WKH 13&$ 7R ZRUN VDIHO\ ZLWK WKLV PDWHULDO
NHHS DZD\ IURP KHDW DQG LJQLWLRQ VRXUFHV DYRLG FRQWDFW ZLWK H\HV VNLQ RU FORWKLQJ DYRLG EUHDWKLQJ PDWHULDO
V YDSRUV GXVW RU
IXPHV NHHS FRQWDLQHU FORVHG XVH ZLWK DGHTXDWH YHQWLODWLRQ GR QRW HQWHU DQ\ FRQILQHG VSDFHV ZLWKRXW ILUVW YHULI\LQJ DLU TXDOLW\
ZDVK WKRURXJKO\ DIWHU KDQGOLQJ
+HDOWK :DUQLQJV
OXQJ LUULWDQW
+HDOWK &DXWLRQV
PD\ FDXVH H\H LUULWDWLRQ PD\ FDXVH VNLQ LUULWDWLRQ PD\ DIIHFW PXFRXV PHPEUDQHV PD\ FDXVH JDVWURLQWHVWLQDO GLVWXUEDQFHV
7UDGH 1DPH _ 653 06'6 $16,
_ 3ULQWHG 2Q _
6KRUW 1$3 1RW $SSOLFDEOH 1$ 1RW $YDLODEOH
(QYLURQPHQWDO &RQFHUQV
,QIRUPDWLRQ IRU WKLV PDWHULDO LV QRW DYDLODEOH +RZHYHU OLPLWHG LQJUHGLHQW GDWD LI DYDLODEOH LV SUHVHQWHG
10(7+%&) a@
&20326,7,21 ,1)250$7,21 21 ,1*5(',(176
&$6 :HLJKW 7UDGH 26+$ &DSDEOH RI
1XPEHU 5DQJH 6HFUHW +D]DUGRXV 5HOHDVH
,QJUHGLHQW 1DPH
9
32/<$0,'(,0,'( 5(6,1 1$ !
9 9
10(7+
),567 $,' 0($685(6
6NLQ FRQWDFW
,PPHGLDWHO\ WDNH RII DOO FRQWDPLQDWHG FORWKLQJ )RU VNLQ FRQWDFW IOXVK ZLWK ODUJH DPRXQWV RI ZDWHU ,I DQ\ DGYHUVH HIIHFWV SHUVLVW JHW PHGLFDO
DWWHQWLRQ 7KH VLJQV DQG V\PSWRPV WKDW PD\ UHVXOW IURP DQ HPHUJHQF\ RU DQ XQH[SHFWHG DFXWH RYHUH[SRVXUH LQFOXGH UDVK LUULWDWLRQ
(\H FRQWDFW
)RU H\H FRQWDFW ULQVH LPPHGLDWHO\ ZLWK SOHQW\ RI ZDWHU 6HHN PHGLFDO DGYLFH 7KH VLJQV DQG V\PSWRPV WKDW PD\ UHVXOW IURP DQ
HPHUJHQF\ RU DQ XQH[SHFWHG DFXWH RYHUH[SRVXUH LQFOXGH LUULWDWLRQ
,QKDODWLRQ
0RYH SHUVRQ WR QRQFRQWDPLQDWHG DLU ,I QRW EUHDWKLQJ JLYH DUWLILFLDO UHVSLUDWLRQ SUHIHUDEO\ PRXWKWRPRXWK ,I EUHDWKLQJ LV GLIILFXOW
JLYH R[\JHQ 6HHN PHGLFDO DWWHQWLRQ 7KH VLJQV DQG V\PSWRPV WKDW PD\ UHVXOW IURP DQ HPHUJHQF\ RU DQ XQH[SHFWHG DFXWH
RYHUH[SRVXUH LQFOXGH LUULWDWLRQ UHVSLUDWRU\ WUDFW
,QJHVWLRQ
,I WKH PDWHULDO LV VZDOORZHG JHW LPPHGLDWH PHGLFDO DWWHQWLRQ RU DGYLFH 1HYHU JLYH DQ\WKLQJ E\ PRXWK WR D YLFWLP ZKR LV XQFRQVFLRXV RU
LV KDYLQJ FRQYXOVLRQV ,I SDWLHQW KDV D JRRG JDJ UHIOH[ \RX FDQ FRQVLGHU JLYLQJ VHYHUDO RXQFHV RI ZDWHU IRU GLOXWLRQ 7KH VLJQV DQG
V\PSWRPV WKDW PD\ UHVXOW IURP DQ HPHUJHQF\ RU DQ XQH[SHFWHG DFXWH RYHUH[SRVXUH LQFOXGH JDVWULWLV
&DUGLRYDVFXODU
7KH VLJQV DQG V\PSWRPV WKDW PD\ UHVXOW IURP DQ HPHUJHQF\ RU DQ XQH[SHFWHG DFXWH RYHUH[SRVXUH LQFOXGH DUUK\WKPLD
&HQWUDO 1HUYRXV 6\VWHP
0RQLWRU IRU VKRFN DQWLFLSDWH VHL]XUHV DQG WUHDW DFFRUGLQJO\
0HGLFDO &RQGLWLRQV $JJUDYDWHG E\ ([SRVXUH WR WKLV 0DWHULDO
3URYLGH JHQHUDO VXSSRUWLYH PHDVXUHV DQG WUHDW V\PSWRPDWLFDOO\ 3OHDVH FRQVLGHU RWKHU UHVRXUFHV VXFK DV D UHJLRQDO 3RLVRQ &RQWURO
&HQWHU RU ZHE VLWHV OLNH WKH 1DWLRQDO /LEUDU\ RI 0HGLFLQH 72;1(7 # KWWS WR[QHWQOPQLKJRY $ VSHFLILF DQWLGRWH LV QRW NQRZQ 6RPH
RI WKH V\PSWRPV SUHVHQWHG PD\ EHFRPH OLIH WKUHDWHQLQJ LI WKH H[SRVXUH LV D UHVXOW RI DQ HPHUJHQF\ RU DQ XQH[SHFWHG DFXWH
RYHUH[SRVXUH $GGLWLRQDOO\ VRPH ZRUNHUV ZLWK FHUWDLQ SUHH[LVWLQJ PHGLFDO FRQGLWLRQV VXFK DV DVWKPD DOOHUJLHV RU LPSDLUHG SXOPRQDU\
DQGRU OLYHU IXQFWLRQV RU ZKR PD\ EH SDUWLFXODUO\ VXVFHSWLEOH WR WKLV PDWHULDO PD\ EH DIIHFWHG E\ H[SRVXUH WR WKLV PDWHULDO
),5( ),*+7,1* 0($685(6
)ODPPDEOH 3URSHUWLHV
6XEVWDQFH 1DPH /(/ 8(/
1$ 1$
653
6HQVLWLYLW\ WR 6WDWLF 'LVFKDUJH
0DWHULDO FDQ DFFXPXODWH VWDWLF FKDUJHV IURP PDWHULDO KDQGOLQJ PDQDJHPHQW %RQG DQG JURXQG DV DSSURSULDWH )RU DGGLWLRQDO UHFRPPHQGDWLRQV
FRQVXOW DQ DSSOLFDEOH JXLGHOLQH VXFK DV 1DWLRQDO )LUH 3URWHFWLRQ $VVRFLDWLRQ >1)3$@ 5HFRPPHQGHG 3UDFWLFHV RQ 6WDWLF (OHFWULFLW\ 7KH
0LQLPXP ,JQLWLRQ (QHUJ\ IRU VRPH RUJDQLF VROLGV DV D GXVW PD\ EH DV ORZ DV P- >PLOOLMRXOHV@ 7KH 0LQLPXP ([SORVLYH &RQFHQWUDWLRQ IRU VRPH
RUJDQLF VROLGV DV D GXVW PD\ EH DV ORZ DV R]IW RU a JP
6XLWDEOH H[WLQJXLVKLQJ PHGLD
'U\ FKHPLFDO IRDP FDUERQ GLR[LGH ZDWHU IRJ
([WLQJXLVKLQJ PHGLD ZKLFK PXVW QRW EH XVHG IRU VDIHW\ UHDVRQV
'R QRW XVH D VROLG ZDWHU VWUHDP DV LW PD\ VFDWWHU DQG VSUHDG ILUH
3URWHFWLRQ RI )LUHILJKWHUV6SHFLILF +D]DUGV $ULVLQJ IURP WKH &KHPLFDO
([FOXGH DLU WUHDW OLNH D JDVROLQH RU RLO ILUH :HDU IXOO SURWHFWLYH FORWKLQJ LQFOXGLQJ KHOPHW VHOIFRQWDLQHG SRVLWLYH SUHVVXUH RU SUHVVXUH GHPDQG
EUHDWKLQJ DSSDUDWXV SURWHFWLYH FORWKLQJ DQG IDFH PDVN
7UDGH 1DPH _ 653 06'6 $16,
_ 3ULQWHG 2Q _
6KRUW 1$3 1RW $SSOLFDEOH 1$ 1RW $YDLODEOH
$&&,'(17$/ 5(/($6( 63,// /($. 352&('85(6
3HUVRQDO 3UHFDXWLRQV
)ROORZ IDFLOLW\FRPSDQ\
V HPHUJHQF\ SODQV
(QYLURQPHQWDO 3UHFDXWLRQV
6WRS WKH IORZ RI PDWHULDO LI WKLV LV ZLWKRXW ULVN (OLPLQDWH VRXUFHV RI LJQLWLRQ 9HQWLODWH WKH FRQWDPLQDWHG DUHD &RQWDLQ WKH VSLOO DQG
SUHYHQW WKH PDWHULDO IURP REWDLQLQJ DFFHVV WR DQ\ FRQILQHG VSDFHV SXEOLF VHZHUV RU ZDWHUZD\V
0HWKRGV IRU &OHDQ8S
9HQWLODWH WKH FRQWDPLQDWHG DUHD (OLPLQDWH LJQLWLRQ VRXUFHV LQFOXGLQJ VRXUFHV RI HOHFWULFDO VWDWLF RU IULFWLRQDO VSDUNV 6ZHHS XS RU
JDWKHU PDWHULDO DQG SODFH LQ DSSURSULDWH FRQWDLQHU V DSSOLFDEOH IRU XOWLPDWH WUDQVSRUWDWLRQ RU GLVSRVDO 7KRURXJKO\ FOHDQ WKH UHOHDVH
DUHD ZLWK D VXLWDEOH DJHQW DQG FROOHFW DQ\ FOHDQLQJ ULQVLQJ PHGLD V IRU SURSHU UHFODPDWLRQ RU GLVSRVDO :HDU DSSURSULDWH SHUVRQDO
SURWHFWLYH HTXLSPHQW GXULQJ FOHDQXS DFWLYLWLHV
2WKHU ,QIRUPDWLRQ
:HDU DSSURSULDWH SURWHFWLYH HTXLSPHQW DQG FORWKLQJ GXULQJ FOHDQXS 'HWHUPLQH DSSURSULDWH FRXUVH RI DFWLRQ IRU WKH FROOHFWHG PDWHULDO
5HJXODWLRQV YDU\ &RQVXOW ORFDO DXWKRULWLHV EHIRUH GLVSRVDO
([SRVXUH *XLGHOLQHV
$OO 33( XVH LV WR EH GHWHUPLQHG E\ D TXDOLILHG SHUVRQ
+$1'/,1* 6725$*(
+DQGOLQJ
*XDUG DJDLQVW GXVW DFFXPXODWLRQ RI WKLV PDWHULDO $V ZLWK DOO FKHPLFDOV JRRG LQGXVWULDO K\JLHQH SUDFWLFHV VKRXOG EH IROORZHG ZKHQ KDQGOLQJ WKLV
PDWHULDO :KHQ WKH FRQWDLQHU V LV HPSW\ LW PD\ UHWDLQ SURGXFW UHVLGXH LQFOXGLQJ YDSRUV ZKLFK FRXOG DFFXPXODWH 7KHUHIRUH GR QRW FXW GULOO
JULQG RU ZHOG HPSW\ FRQWDLQHUV $GGLWLRQDOO\ GR QRW FRQGXFW VXFK DFWLYLW\ LHV QHDU IXOO SDUWLDOO\ IXOO RU HPSW\ SURGXFW FRQWDLQHUV ZLWKRXW
DSSURSULDWH ZRUNSODFH VDIHW\ DXWKRUL]DWLRQ V RU SHUPLW V
6WRUDJH
3URWHFW FRQWDLQHU IURP SK\VLFDO DEXVH .HHS WKH FRQWDLQHU WLJKWO\ FORVHG 6WRUH LQ D FRRO GU\ ZHOOYHQWLODWHG VWRUDJH DUHD .HHS
VHSDUDWH IURP LQFRPSDWLEOHV %RQG DQG JURXQG FRQWDLQHUV ZKHQ WUDQVIHUULQJ PDWHULDO (PSW\ SURGXFW FRQWDLQHUV PD\ FRQWDLQ SURGXFW
UHVLGXH 'R QRW UHXVH HPSW\ FRQWDLQHUV
(;32685( &21752/6 3(5621$/ 3527(&7,21
([SRVXUH *XLGHOLQHV
$OO 33( XVH LV WR EH GHWHUPLQHG E\ D TXDOLILHG SHUVRQ
$,+$ :RUNSODFH (QYLURQPHQWDO ([SRVXUH /HYHOV :((/V 6NLQ 1RWDWLRQV
10(7+
$,+$ :RUNSODFH (QYLURQPHQWDO ([SRVXUH /HYHOV :((/V 7:$V
10(7+
&DQDGD 2QWDULR 2FFXSDWLRQDO ([SRVXUH /LPLWV 7:$(9V
10(7+
(QJLQHHULQJ &RQWUROV
9HQWLODWLRQ VKRXOG EH VXIILFLHQW WR HIIHFWLYHO\ UHPRYH DQG SUHYHQW EXLOGXS RI DQ\ YDSRUV GXVWV RU IXPHV WKDW PD\ EH JHQHUDWHG GXULQJ
KDQGOLQJ RU WKHUPDO SURFHVVLQJ ,Q RUGHU WR HQVXUH DSSURSULDWH HOHFWULFDO VDIHW\ SUDFWLFHV DUH IROORZHG FRQVXOW DSSOLFDEOH VWDQGDUGV
7KHVH PD\ LQFOXGH JXLGHOLQHV VXFK DV WKH 1DWLRQDO )LUH 3URWHFWLRQ $VVRFLDWLRQ >1)3$@ 7KH 1DWLRQDO (OHFWULFDO &RGH DQG 1)3$
5HFRPPHQGHG 3UDFWLFH IRU WKH &ODVVLILFDWLRQ RI &RPEXVWLEOH 'XVWV DQG RI +D]DUGRXV &ODVVLILHG /RFDWLRQV IRU (OHFWULFDO ,QVWDOODWLRQV LQ
&KHPLFDO 3URFHVV $UHDV 127( VLQFH WKLV PDWHULDO
V YDSRUV GXVW RU IXPHV FDQ IRUP H[SORVLYH PL[WXUHV LQ DLU HQVXUH WKDW DQ\ SRWHQWLDO
DUHDV ZKHUH H[SORVLRQV PD\ RFFXU DUH GHVLJQHG WR PLQLPL]H SRWHQWLDO GDPDJH )RU UHFRPPHQGDWLRQV WR SUHYHQW VXFK H[SORVLRQV DQG
DVVRFLDWHG GDPDJH FRQVXOW DSSOLFDEOH JXLGHOLQHV VXFK DV 1)3$ 6WDQGDUG RQ ([SORVLRQ 3UHYHQWLRQ 6\VWHPV DQGRU 1)3$ *XLGH
IRU 9HQWLQJ 'HIODJUDWLRQV
3HUVRQDO 3URWHFWLYH (TXLSPHQW
(\H 3URWHFWLRQ
:HDU VDIHW\ JODVVHV ZLWK VLGH VKLHOGV FKHPLFDO JRJJOHV LI VSODVKLQJ LV SRVVLEOH :HDU D IDFH VKLHOG LI D VSODVK KD]DUG H[LVWV 6HOHFW XVH H\H
SURWHFWLRQ SHU D FRPSHWHQW KHDOWK VDIHW\ SURIHVVLRQDO XVLQJ 26+$ > &)5 @ RU (XURSH
V >(1@
6NLQ DQG ERG\ SURWHFWLRQ
8VH DSSURSULDWH KDQG SURWHFWLRQ :HDU LPSHUYLRXV JORYHV IRU SURORQJHG FRQWDFW
5HVSLUDWRU\ 3URWHFWLRQ
0DLQWDLQ PDWHULDO
V YDSRUV IXPHV RU SDUWLFXODWH OHYHOV EHORZ DQ\ OHYHOV RI FRQFHUQ LQFOXGLQJ IRU VROLGV FRQVLGHULQJ WKH PDWHULDO DV D
SDUWLFXODWH QRW RWKHUZLVH FODVVLILHG >QXLVDQFH GXVW@ # PJP 6HOHFW XVH UHVSLUDWRUV SHU D FRPSHWHQW KHDOWK VDIHW\ SURIHVVLRQDO
XVLQJ 26+$ &)5 $16, = RU (XURSH
V >(1 @
7UDGH 1DPH _ 653 06'6 $16,
_ 3ULQWHG 2Q _
6KRUW 1$3 1RW $SSOLFDEOH 1$ 1RW $YDLODEOH
3+<6,&$/ &+(0,&$/ 3523(57,(6
3K\VLFDO 6WDWH 6ROLG
%RLOLQJ 3RLQW ! 聝)
! 聝&
)ODVK 3RLQW ! 聝) 7DJ &ORVHG &XS
! 聝&
(YDSRUDWLRQ 5DWH (WKHU
)ODPPDELOLW\ &ODVV &RPEXVWLEOH ,,,%
9DSRU 3UHVVXUH 1$
9DSRU 'HQVLW\ !$LU
6SHFLILF *UDYLW\ JFP
6ROXELOLW\ LQ :DWHU 1RW YHU\ VROXEOH > @
67$%,/,7< 5($&7,9,7<
6WDELOLW\
6WDEOH XQGHU QRUPDO FRQGLWLRQV >HJ 聝) 聝& SVLJ PP+J @
&RQGLWLRQV WR $YRLG
$YRLG LJQLWLRQ VRXUFHV ZKHUH GXVW LV SURGXFHG
,QFRPSDWLEOH 0DWHULDOV
7KLV PDWHULDO PD\ UHDFW ZLWK VWURQJ R[LGL]LQJ DJHQWV
+D]DUGRXV 'HFRPSRVLWLRQ 3URGXFWV
8SRQ GHFRPSRVLWLRQ WKLV SURGXFW HPLWV FDUERQ PRQR[LGH FDUERQ GLR[LGH DQGRU ORZ PROHFXODU ZHLJKW K\GURFDUERQV 'HFRPSRVLWLRQ RI WKLV
SURGXFW PD\ DOVR HPLW 12;
3RVVLELOLW\ RI +D]DUGRXV 5HDFWLRQV
:LOO QRW RFFXU XQGHU QRUPDO FRQGLWLRQV >HJ 聝) 聝& SVLJ PP+J @
72;,&2/2*,&$/ ,1)250$7,21
5RXWHV RI (QWU\
LQKDODWLRQ LQJHVWLRQ H\H FRQWDFW VNLQ FRQWDFW
7DUJHW 2UJDQV
UHVSLUDWRU\ V\VWHP
6NLQ &RQWDFW
'HUPDO /'V
10(7+UDEELW@ PJNJ
,QJHVWLRQ
2UDO /'
10(7+UDW@ PJNJ
,QKDODWLRQ
,QKDODWLRQ /&/R
10(7+UDW@ SSPKZ,
(&2/2*,&$/ ,1)250$7,21
(QYLURQPHQWDO &RQFHUQV
,QIRUPDWLRQ IRU WKLV PDWHULDO LV QRW DYDLODEOH +RZHYHU OLPLWHG LQJUHGLHQW GDWD LI DYDLODEOH LV SUHVHQWHG
10(7+%&) a@
7UDGH 1DPH _ 653 06'6 $16,
_ 3ULQWHG 2Q _
6KRUW 1$3 1RW $SSOLFDEOH 1$ 1RW $YDLODEOH
3HUVLVWHQFH GHJUDGDELOLW\
,QIRUPDWLRQ IRU WKLV PDWHULDO LV QRW DYDLODEOH +RZHYHU OLPLWHG LQJUHGLHQW GDWD LI DYDLODEOH LV SUHVHQWHG
10(7+KDOIOLIH ULYHU a GD\V@ $TXDWLF )DWH
ELRGHJUDGHV >%2' a @ ORZ YRODWLOL]DWLRQ ORZ VHGLPHQW DEVRUSWLRQ $WPRVSKHULF )DWH SKRWRFKHPLFDOO\ GHJUDGHV >KDOIOLIH a KRXUV@
0RELOLW\
7KH SURGXFW LV VOLJKWO\ VROXEOH LQ ZDWHU
',6326$/ &216,'(5$7,216
'LVSRVDO ,QVWUXFWLRQV
0DQDJH ZDVWHV WR VDWLVI\ ORFDO VWDWH IHGHUDO UHJXODWLRQV 7KLV PDWHULDO ZLOO QRW EH D 5&5$ KD]DUGRXV ZDVWH LI GLVSRVHG DV VKLSSHG E\ 6, *URXS
75$163257 ,1)250$7,21
&RPPHQWV
127( 7KLV VHFWLRQ
V GDWD DUH SURYLGHG DV D JXLGH WR WKH RYHUDOO FODVVLILFDWLRQ RI WKH SURGXFW +RZHYHU WUDQVSRUWDWLRQ FODVVLILFDWLRQV PD\
EH VXEMHFW WR FKDQJH DV IRU H[DPSOH ZLWK FKDQJHV LQ SDFNDJH VL]H &RQVXOW VKLSSHU UHTXLUHPHQWV XQGHU ,02 ,&$2 ,$7$ 7'* DQG
&)5 WR DVVXUH UHJXODWRU\ FRPSOLDQFH $GGLWLRQDOO\ SOHDVH FRQWDFW WKH 7UDQVSRUWDWLRQ 5HJXODWRU\ $IIDLUV 6SHFLDOLVW ZLWK 6, *URXS #
LI WKHUH DUH TXHVWLRQV UHJDUGLQJ WKH FOHDQLQJ RI FRQWDLQHUV RU YHVVHOV 5HPHPEHU WKDW WKH UHXVH WUHDWPHQW RU
GLVSRVDO RI DQ\ UHODWHG UHVLGXDOV RU ZDVWHV PXVW EH LQ DFFRUGDQFH ZLWK DOO IHGHUDO VWDWH DQG ORFDO HQYLURQPHQWDO UHJXODWLRQV
685)$&( 75$163257$7,21 +,*+:$<5$,/
'580 V %$* V
6KLSSLQJ 1DPH 5HVLQ FRDO WDU RU SHWUROHXP
QRW '27 KD]DUGRXV
3$,/ V &$1 V
6KLSSLQJ 1DPH 5HVLQ FRDO WDU RU SHWUROHXP
QRW '27 KD]DUGRXV
,0'* &2'( :$7(5
'580 V %$* V
6KLSSLQJ 1DPH 5HVLQ FRDO WDU RU SHWUROHXP
QRQGDQJHURXV
3$,/ V &$1 V
6KLSSLQJ 1DPH 5HVLQ FRDO WDU RU SHWUROHXP
QRQGDQJHURXV
,&$2,$7$ $,5
'580 V %$* V
6KLSSLQJ 1DPH 5HVLQ FRDO WDU RU SHWUROHXP
QRW UHVWULFWHG
3$,/ V &$1 V
6KLSSLQJ 1DPH 5HVLQ FRDO WDU RU SHWUROHXP
QRW UHVWULFWHG
5(*8/$725< ,1)250$7,21
26+$ 0DWHULDOV WKDW 0D\ EH &DSDEOH RI 5HOHDVH &)5 G L LY
'HSHQGLQJ RQ WKH FRQFHQWUDWLRQV WKDW PD\ EH UHOHDVHG IURP WKLV PDWHULDO YDSRUV PD\ EH KHDYLHU WKDQ DLU PD\ FRQFHQWUDWH DQG PD\ WUDYHO DORQJ
WKH JURXQG WR VRPH VRXUFH RI LJQLWLRQ LQFOXGLQJ VWDWLF HOHFWULFLW\ 7KH FRPSRVLWH SRWHQWLDO KHDOWK KD]DUGV RI WKH VXEVWDQFH V PDUNHG DV FDSDEOH
RI UHOHDVH LQFOXGH PD\ FDXVH UHSURGXFWLYH V\VWHP HIIHFWV PD\ DIIHFW WKH OLYHU PD\ DIIHFW WKH NLGQH\V PD\ EH D WHUDWRJHQ PD\ HIIHFW
WKH QHUYRXV V\VWHP PD\ FDXVH EORRG FKHPLVWU\ FKDQJHV PD\ FDXVH H\H LUULWDWLRQ PD\ FDXVH VNLQ LUULWDWLRQ PD\ DIIHFW PXFRXV
PHPEUDQHV PD\ FDXVH JDVWURLQWHVWLQDO GLVWXUEDQFHV PD\ DIIHFW WKH IHPDOH
V UHSURGXFWLYH FDSDELOLWLHV PD\ DIIHFW WKH VSOHHQ PD\ DIIHFW
PXVFXODU UHVSRQVH
6XSHUIXQG $PHQGPHQWV 5HDXWKRUL]DWLRQ $FW RI
7KLV PDWHULDO PD\ EH DSSOLFDEOH WR WKH 6$5$ UHJXODWLRQV 7KXV LW PD\ UHTXLUH \RX WR ILOH DSSURSULDWH JRYHUQPHQWDO UHSRUWV LI WKH WRWDO DPRXQW RI
WKLV PDWHULDO RU DQ\ RI WKH OLVWHG FRQVWLWXHQWV LQ \RXU SRVVHVVLRQ HYHU H[FHHGV WKH UHJXODWLRQV
WKUHVKROG YDOXHV
86 &(5&/$6$5$ 6HFWLRQ (PLVVLRQ 5HSRUWLQJ
10(7+
7UDGH 1DPH _ 653 06'6 $16,
_ 3ULQWHG 2Q _
6KRUW 1$3 1RW $SSOLFDEOH 1$ 1RW $YDLODEOH
6WDWH 5HJXODWLRQV
86 &DOLIRUQLD 3URSRVLWLRQ 'HYHORSPHQWDO 7R[LFLW\
10(7+
86 &DOLIRUQLD 3URSRVLWLRQ 0D[LPXP $OORZDEOH 'RVH /HYHOV 0$'/
10(7+
GHUPDO
86 1HZ -HUVH\ (QYLURQPHQWDO +D]DUGRXV 6XEVWDQFHV /LVW
10(7+
,QWHUQDWLRQDO 5HJXODWLRQV
&DQDGD 135, 1DWLRQDO 3ROOXWDQW 5HOHDVH ,QYHQWRU\
10(7+
:+0,6 5DWLQJV '%
(XURSHDQ &ODVVLILFDWLRQV
7KLV VXEVWDQFH LV FRQVLGHUHG KD]DUGRXV SHU 7KH 6DIHW\ 'DWD 6KHHWV 'LUHFWLYH (& DV DPHQGHG
(8 5LVN 3KUDVHV
,UULWDWLQJ WR H\HV UHVSLUDWRU\ V\VWHP DQG VNLQ
5
(8 6DIHW\ 3KUDVHV
,Q FDVH RI FRQWDFW ZLWK H\HV ULQVH LPPHGLDWHO\ ZLWK SOHQW\ RI ZDWHU DQG VHHN PHGLFDO DGYLFH
6
:HDU VXLWDEOH JORYHV
6
(8 6\PERO V
;L ,UULWDQW
27+(5 ,1)250$7,21
'LVFODLPHU
7KH KHDOWK DQG VDIHW\ LQIRUPDWLRQ LV WKDW DYDLODEOH WR 6, *URXS DV RI WKH GDWH SXEOLVKHG DQG 6, *URXS PDNHV QR UHSUHVHQWDWLRQ RI WKH
LQIRUPDWLRQ
V FRPSOHWHQHVV RU DFFXUDF\ $Q\ GDWD SURYLGHG LV EDVHG RQ HLWKHU UHIHUHQFH VRXUFHV WHVWLQJ SHUIRUPHG RQ D UHSUHVHQWDWLYH
VDPSOH V RU SURIHVVLRQDO MXGJHPHQW 7KH SK\VLFDO GDWD VKRXOG QRW EH FRQVWUXHG DV HLWKHU UHSUHVHQWLQJ VSHFLILFDWLRQV RU D JXDUDQWHHG
DQDO\VLV 7KLV PDWHULDO KDV EHHQ FODVVLILHG LQ DFFRUGDQFH ZLWK WKH KD]DUG FULWHULD RI WKH &RQWUROOHG 3URGXFWV 5HJXODWLRQ DQG WKH 06'6
FRQWDLQV LQIRUPDWLRQ UHTXLUHG E\ &RQWUROOHG 3URGXFWV 5HJXODWLRQ 6, *URXS SURYLGHV LWV 06'6 LQ VHYHUDO ODQJXDJHV XVLQJ (QJOLVK DV WKH
SULPDU\ ODQJXDJH :KLOH 6, *URXS XVHV UHDVRQDEOH HIIRUWV WR SURYLGH DFFXUDWH WUDQVODWLRQV 6, *URXS DVVXPHV QR OLDELOLW\ RU
UHVSRQVLELOLW\ IRU HUURUV RPLVVLRQV RU DPELJXLWLHV LQ DQ\ WUDQVODWLRQV 6, *URXS H[SHFWV WKRVH SHUVRQV ZKR UHFHLYH WKLV 06'6 WR
H[HUFLVH WKHLU LQGHSHQGHQW SURIHVVLRQDO MXGJHPHQW RU FRQVXOW ZLWK D FRPSHWHQW KHDOWKVDIHW\ SURIHVVLRQDO WR GHWHUPLQH KRZ WR XWLOL]H
WKLV PDWHULDO VDIHO\ 7KLV LQFOXGHV EXW LV QRW H[FOXVLYH WR WKH PDWHULDO
V DSSURSULDWHQHVV IRU D VSHFLILF XVH WKH W\SH RI SHUVRQDO
SURWHFWLRQ HTXLSPHQW QHFHVVDU\ DQG WKH XVH RI HQJLQHHULQJ FRQWUROV ,Q QR HYHQW LV 6, *URXS OLDEOH IRU DQ\ GDPDJHV ZKDWVRHYHU DULVLQJ
RXW RI \RXU XVH RI WKLV PDWHULDO EDVHG XSRQ LQIRUPDWLRQ REWDLQHG IURP WKLV 06'6 LQFOXGLQJ GLUHFW LQGLUHFW LQFLGHQWDO FRQVHTXHQWLDO RU
SXQLWLYH FODLPV RU GDPDJHV
&RPSOHWHG 2Q 5HSODFHV 6KHHW 'DWHG
&RPSOHWHG %\ +*:
06'6 6HFWLRQV 8SGDWHG
&RPSRVLWLRQ ,QIRUPDWLRQ RQ ,QJUHGLHQWV /LVW RI ,QJUHGLHQWV
7UDGH 1DPH _ 653 06'6 $16,
_ 3ULQWHG 2Q _
6KRUW 1$3 1RW $SSOLFDEOH 1$ 1RW $YDLODEOH
|