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IMPORTANT INFORMATION: US
This Presentation (the “Presentation”) has been prepared solely for informational purposes for the client or potential client to whom such materials are directly addressed and delivered (the “Company”) and may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with us. Use of this presentation with or by any other party is prohibited.
This Presentation is not intended to provide the sole basis for evaluating, and should not be considered a recommendation with respect to, any transaction or other matter and should in no way be read as investment, financial, business, legal, regulatory, tax, accounting or other advice or a recommendation to enter into any transaction.. This Presentation does not constitute an offer, or the solicitation of an offer, to buy or sell any securities or other financial product, to participate in any transaction or to provide any investment banking or other services, and should not be deemed to be a commitment or undertaking of any kind on the part of Société Générale (“SG”) or any of its affiliates to issue, underwrite, place or purchase any securities or to provide any debt or equity financing or to participate in any transaction, or a recommendation to buy or sell any securities, to make any investment or to participate in any transaction or trading strategy.
Although the information contained in this Presentation has been obtained or compiled from sources deemed reliable, neither SG nor any of its affiliates make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein is, or shall be relied upon as, a promise or representation whether as to the past, present or future performance. The information set forth herein may include estimates and/or involve significant elements of subjective judgment and analysis. No representations are made as to the accuracy of such estimates or that all assumptions relating to such estimates have been considered or stated or that such estimates will be realized. The information contained herein does not purport to contain all of the information that may be required to evaluate a participation in any transaction and any recipient hereof should conduct its own independent analysis of the data referred to herein. We assume no obligation to update or otherwise revise these materials.
Investors must make their own investment decisions using their own independent advisors while considering their own financial situation and investment objectives. SG does not act as a financial adviser, as a municipal advisor or as a fiduciary in respect of any transaction unless such entity expressly agrees so in writing. This document may not be relied upon as investment, accounting, legal, regulatory or tax advice or an investment recommendation.
To the extent applicable to this Presentation, if this material discusses derivative products to be entered into by SG, please visit http://swapdisclosure.sgcib.com for important information with respect to such products. By transacting with SG, you are deemed to acknowledge that you have read and accepted the information provided on such website.
This Presentation has not been prepared with a view toward public disclosure under applicable securities laws or otherwise, is intended solely for the benefit and use of the Company, and is strictly confidential. This Presentation may not reflect information known to other professionals in other divisions or business units of SG and its affiliates. SG and its affiliates (the “SG Group”) comprise a full service securities firm and commercial bank engaged in securities, commodities and derivatives trading, foreign exchange and other brokerage activities, as well as providing investment, corporate and private banking, asset and investment management, financing and strategic advisory services and other commercial services and products to a wide range of corporations, governments and individuals, domestically and offshore, from which conflicting interests or duties, or a perception thereof, may arise. In the ordinary course of these activities, parts of the SG Group at any time may invest on a principal basis or manage funds that invest, make or hold long or short positions, finance positions or trade or otherwise effect transactions, for their own accounts or the accounts of customers, in debt, equity or other securities or financial instruments (including derivatives, bank loans or other obligations) of the Company, potential counterparties or any other company that may be involved in a transaction.
Société Générale Corporate & Investment Banking (SG CIB) is a marketing name for corporate and investment banking businesses of Société Générale and its subsidiaries worldwide. Capital markets and investment banking activities in the United States are offered through its U.S. registered broker-dealer, SG Americas Securities, LLC (“SGAS”), a member of FINRA and SIPC. SGAS is also a futures commission merchant (FCM) registered with the NFA and CFTC. Please visit http://www.sgasdisclosure.com/ for important disclosures regarding SGAS and transactions you may enter into with SGAS. Lending, derivatives and other commercial banking activities are performed by Société Générale and its banking affiliates. Products and services that may be referenced in this Presentation may be provided through one or more affiliates of SG.
Additional information is available upon request. This material should not be reproduced or redistributed without the specific consent of SGAS, SG or its affiliates.
Unless expressly agreed in writing, SG is not acting as an advisor or in an advisory capacity to any recipient of this document. In particular, SG is not acting as your fiduciary under Section 15B of the Securities Exchange Act of 1934, as amended (the “Act”), and our relationship will not otherwise be subject to the provisions of such Section 15B, the rules thereunder, or the rules issued by the Municipal Securities Rulemaking Board that relate to the provision of advice to municipal entities or their obligated persons.
Secondary Market: Upon issuance, our products may not have an established trading or secondary market. Société Générale and its affiliates cannot assure investors that a trading or secondary market will develop for each of our products or, if one develops for any of our products, that it will be maintained. Société Générale and its affiliates are under no obligation to develop or maintain any secondary or trading market for any of our products.
If you wish to report a Complaint to SGAS, please use the following link: www.sgasdisclosure.com
© 2023 Société Générale ("SG"), SGAS and their affiliates. SG CIB is the Corporate and Investment Banking arm of SG. Certain services described herein are provided by SGAS, a US registered broker-dealer, member of the NYSE, FINRA and SIPC, and a wholly owned subsidiary of SG. Services provided outside the US may be provided by affiliates of SGAS.
IMPORTANT INFORMATION: ASIA
THIS IS A MARKETING DOCUMENT. PLEASE READ THE IMPORTANT INFORMATION BELOW.
INFORMATION FOR SPECIFIC RECIPIENTS
Name(s) of person(s) appearing in this document is/are employee(s) of Société Générale or its affiliates (each, an “Employee”) who was/were involved in preparing this document, yet each Employee is not the distributor of this document. This document is distributed by licensed employees of Société Générale or its licensed affiliates, as the case may be, in accordance with applicable regulation and internal policy. As the Employee may not possess the relevant licence in your jurisdiction, should you wish to discuss details of this document, please contact the distributor of this document. Please also read the disclaimer headed “Information for Specific Recipients” for further details.
This document is prepared for and intended to be distributed in Asia solely to sophisticated and professional clients. You should therefore be appropriately qualified as a professional, accredited, wholesale, expert or institutional investor (however defined in your local jurisdiction). It is distributed by licensed affiliates of Société Générale which is a French credit institution authorised by the Autorité de Contrôle Prudentiel et de Résolution (the French Prudential Control and Resolution Authority) in accordance with applicable regulations and Société Générale’s internal policy. You should be aware that local regulations may not allow this document to be distributed from your local Société Générale licensed affiliate, but may allow it to be distributed from an offshore branch or affiliate under certain circumstances. If in any doubt, you should always determine which licensed affiliate is responsible for distributing this document to you by contacting Société Générale. You should also be aware that financial products or services referred to may not be sold, bought or subscribed to if you do not qualify in your local jurisdiction. Always ensure that you contact and deal through appropriately licensed entities if you wish to purchase any such products or services.
For Documents Distributed in the U.S.: This document is for institutional investors only pursuant to SEC Rule 15a-6 and as defined under NASD Rule 2211. If the document references options, it is only for such institutional investors who have received the proper options risk disclosure document. Trading in derivative instruments, including, but not limited to, options and futures, involve additional risks and are not suitable for all investors. Some of the financial instruments discussed herein may not be available for sale in the U.S. and may be subject to additional investor restrictions and requirements. Any U.S. institutional investor wishing to discuss this document or effect transactions in any security discussed herein should do so with or through their SG sales representative or contact person at SG Americas Securities, LLC (“SGAS”), a U.S. registered broker dealer and futures commission merchant. SGAS is located at 245 Park Avenue, New York, NY 10167 (212) 278-6000 and is a member of FINRA, NYSE, NFA and SIPC.
IRS Circular 230 Disclosure: Société Générale does not provide tax advice. Please note that (i) any discussion of US tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; (iii) you should seek advice based on your particular circumstances from an independent tax advisor.
Societe Generale is a French credit institution (bank) that is supervised by the European Central Bank and authorised by the Autorité de Contrôle Prudentiel et de Résolution (the French Prudential Control and Resolution Authority).
NOTICE TO RECIPIENTS IN EMEA: Societe Generale International Limited (“SGIL”) is a wholly owned subsidiary of Société Générale. SGIL is authorised and regulated by the Financial Conduct Authority. SGIL does not deal with, or for, Retail Clients (as defined by the 2014/65/EU Directive on markets in financial instruments). SGIL is a registered Foreign Financial Service Provider with the Australian Securities and Investments Commission (“ASIC”)
IMPORTANT INFORMATION FOR ALL RECIPIENTS
Where applicable, "SG" means Société Générale and/or its relevant affiliates.
General disclaimer regarding financial products and services: Financial products and services contain a variety of risks (including market, credit, financial and regulatory risks), which may lead to capital loss and regulatory consequences if not used in accordance with local laws. You should be familiar with all risks associated with any product or service and should not invest in or utilise any financial products or services in this document unless you fully understand and are willing to assume such risks. If you are in any doubt about the risks involved in a product or service, you should seek further clarification of the risks with the distributor or provider of the product or service or seek independent professional advice.
Tax risk: The benefit of any tax advantages that may be referred to in this document depends on your particular tax status, the jurisdiction from which you transact as well as applicable laws that can change any time.
Not advice or recommendation: This document does not constitute proper investment advice. SG has not determined whether the transactions or services described in here are suitable, and independent financial, tax and legal advice should be sought by you prior to any transaction or engagement of service.
Not an offer or contract: This document is neither a contract nor an offer to enter into any financial transaction or purchase or sale of any financial product or service. The terms of any transaction or service are governed by a separate contract that is agreed and executed between the parties or otherwise sent by SG, and not this document.
No further disclosure, reproduction or reliance permitted: This document has been prepared solely for persons it has been distributed to directly by SG. Its contents may not be disclosed to, reproduced or used or relied upon by, any other person, or used for any other purpose.
Facts or information: Any facts, views or data contained in this document is based upon sources believed to be reliable, but have not been independently verified and may change without notice. No warranties of any type are provided in relation to the information. SG assumes no duty, responsibility or any liability for any consequences that may arise from transacting in any product or service. In particular, SG does not warrant the accuracy of the views, facts or data contained in this document, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose.
No duty to disclose or account for SG's role in securities or derivatives: SG may deal in, profit from the trading of, hold or act as market-makers or act as advisers or brokers in relation to the securities, or derivatives mentioned in this document, or be represented on the board of entities issuing such securities. It is under no obligation to disclose or take account of this document when advising or dealing with or for its customers.
Not research: This document does not constitute independent investment research nor is it subject to prohibition on dealing ahead of the dissemination of investment research and should be treated as a marketing material.
Investment recommendations are published pursuant to applicable regulations and internal rules, and is stated as of the publication date: This document includes investment recommendations issued from Société Générale’s investment research department which has set, in accordance with applicable regulation, effective administrative and organizational arrangements, including information barriers to prevent and avoid conflicts of interest with respect to the investment recommendations contained in this publication. Research publications supporting this document were issued on their stated publication date and may have already been acted upon by clients of Société Générale.
General selling restrictions: Financial products or services may not be bought or subscribed to if you do not qualify in your local jurisdictions and you should ensure that you contact and deal through an appropriately licensed entity if you wish to purchase any such products or services.
This document is for institutional clients only (or in Switzerland, qualified investors as per art. 10 para. 3 CISA only, or in Singapore, accredited investors as per the Securities and Futures Act (Chap 289), or in the United States, institutional investors (as defined under FINRA Rule 2210)). It is not directed at retail clients. This document only promotes certain electronic services (the “Services”) that may be made available by SG to certain clients in SG Markets webportal and application programme interfaces (the "APIs"). Certain products are referred to in this document for the sole purpose of illustrating how such Services operate. As a consequence, this document does not constitute an offer, or an invitation to make an offer, from Societe Generale to purchase or sell a product. Your access to the Services is subject to various conditions and restrictions (geographical location, client type). SG retains full discretion to grant you access to the Services. SG Markets webportal and APIs are not directed at any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication, content or availability of SG Markets webportal and APIs are prohibited or would subject SG or its affiliates (collectively, “SG Group”) to any registration requirement within such jurisdiction. Persons in respect of whom such prohibitions apply must not access or use SG Markets webportal and APIs. SG Markets webportal and APIs are offered by Societe Generale, a société anonyme having its registered office at 29 Boulevard Haussmann 75009 Paris France and registered with the Paris companies registry under the number 552 120 222 (for purposes of this disclaimer, “SG”) and are governed by French law. You must be authorised to access and use SG Markets webportal and APIs by the company you represent (the “Client”) and by SG. SG Markets webportal and APIs are provided to you “As IS”. You use SG Markets webportal and APIs at your own risk and you assume full responsibility and risk of loss resulting from your use of, or your access to, SG Markets webportal and APIs. SG makes no representation or warranty of any kind whatsoever, expressed or implied, regarding SG Markets webportal and APIs or the consequences or results of your use of SG Markets webportal and APIs. SG disclaims all warranties as to the fitness for a particular purpose of SG Markets webportal and APIs. You may only use the services offered by SG through SG Markets webportal and APIs if you possess the necessary expertise to assess the benefits and the risks of using such services. SG Markets webportal and APIs only provide general information and do not provide any information personalized or tailored to your investment objectives, financial situation or needs. Nothing contained in SG Markets webportal and APIs constitutes an investment advice or a personal recommendation to any investor or its agent by SG Group to buy or sell, any securities or other product, or provide any investment advice or service. You should contact your usual SG salespersons to find out whether the Services may be made available to you.
SG Authorisation: Societe Generale is a French credit institution (bank) that is authorised and supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (the French Prudential Control and Resolution Authority) and regulated by the Autorité des marchés financiers (the French financial markets regulator) (AMF). Details about the extent of our authorization, supervision and regulation are available from us on request. This document is issued in the U.K. by the London Branch of Societe Generale. Societe Generale London Branch is authorised by the ECB, the ACPR and the Prudential Regulation Authority (PRA) and subject to limited regulation by the Financial Conduct Authority (FCA) and the PRA. This document is distributed in Sweden by the Stockholm Branch of Societe Generale SA. Societe Generale SA Bankfilial Sverige, Nybrokajen 7, floor 8, 111 48 Stockholm, registered in the Swedish Companies Registration Office register over branches with registration number 516406-1052, authorised by the ECB, the ACPR and subject to limited regulation and review by the Finansinspektionen (the Swedish Financial Supervisory Authority). Société Générale is regulated by the Commision Nacional del Mercado de Valores (CNMV) for the conduct of its securities activities in Spain.
Commercial nature of the document: This document is of a commercial and not of a regulatory nature.
Confidentiality: This document is confidential and may be neither communicated to any third party (with the exception of external advisors on the condition that they themselves respect this confidentiality undertaking) nor copied in whole or in part, without the prior written consent of Société Générale or the issuer.
Indicative document: The contents of this document are given for purely indicative purposes and have no contractual value.
Notice to US Investors: This document is directed only to institutional investors (as defined under FINRA Rule 2210). Under SEC Rule 15a-6, any US person wishing to discuss this document or utilize the services or products referred to herein should do so with or through SG Americas Securities LLC to conform with the requirements of US securities law. SG Americas Securities LLC is a broker-dealer registered with the Securities & Exchange Commission, a futures commission merchant subject to regulatory oversight by the Commodity Futures Trading Commission and a member of FINRA, NYSE, NFA and SIPC. If you are a “U.S. person” (as defined by the SEC and CFTC), please visit sites http://www.sgasdisclosure.com et https://wholesale.banking.societegenerale.com/en/compliance-regulatory-information/general-disclosures regarding SGAS and transactions you may enter into with SGAS.
Notice to Singapore investors: This document may only be provided to accredited investors, expert investors and institutional investors, as defined in Section 4A of the Securities and Futures Act. Any such investor wishing to discuss this document or effect transactions in any securities or product referred to herein should do so with or through MAS licensed representatives of Societe Generale, Singapore Branch.
Notice to Swiss Investors: This document may be distributed, directly or indirectly, in or from Switzerland exclusively to 1) Qualified Investors as defined in article 10 of the Swiss Collective Investment Scheme Act (“CISA”) and related provisions of the Collective Investment Scheme Ordinance or 2) independent asset managers in Switzerland regulated by FINMA or a self regulatory authority recognised by FINMA, and in strict compliance with applicable Swiss law and regulations.
Notice to Japanese Investors: This document is prepared by Societe Generale, Tokyo Branch and its affiliates (collectively, “SGTB”) and may only be provided to Qualified Institutional Investors as defined in Article 2, Paragraph 3 of the Financial Instruments and Exchange Act of Japan and Article10 of Cabinet Office Ordinance on Definitions provided in Article 2 of the Financial Instruments and Exchange Act of Japan.
Important notice: the video and its contents are for informational purposes only and is not a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. SG Markets is for institutional and professional clients only. Some of the services and products described herein may not be available in certain geographic areas or to certain types of clients. To find out whether the services and products may be effected to you, you should contact your usual Societe Generale sales or contact sgmarkets@sgcib.com.
For any complaint you may have, please contact us using the following link:
https://wholesale.banking.societegenerale.com/en/compliance-regulatory-information/useful-information/client-claim/
INFORMATION RELATING TO SPECIFIC PRODUCTS AND SERVICES
Authority to transact: It is your responsibility to ascertain that you are authorised to enter into any transactions or execute any agreements relating to any product or service.
IMPORTANT INFORMATION: EUROPE
The contents of this document are given for purely indicative purposes and have no contractual value.
Authorisation: Societe Generale is a French credit institution (bank) that is authorised and supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (the French Prudential Control and Resolution Authority) and regulated by the Autorité des marchés financiers (the French financial markets regulator) (AMF).
No offer to contract: This document does not constitute an offer, or an invitation to make an offer, from Societe Generale to purchase or sell a product.
For any complaint you may have, please contact us using the following link : https://wholesale.banking.societegenerale.com/en/compliance-regulatory-information/useful-information/client-claim/
Prior to investing in the product, investors should seek independent financial, tax, accounting and legal advice.
Confidentiality: This document is confidential and may be neither communicated to any third party (with the exception of external advisors on the condition that they themselves respect this confidentiality undertaking) nor copied in whole or in part, without the prior written consent of Societe Generale.
Information on data and/or figures drawn from external sources: The accuracy, completeness or relevance of the information which has been drawn from external sources is not guaranteed although it is drawn from sources reasonably believed to be reliable. Subject to any applicable law, Societe Generale shall not assume any liability in this respect.
Market information: The market information displayed in this document is based on data at a given moment and may change from time to time.
As a consequence of the current geopolitical turmoil involving Russia and Ukraine financial markets are going through a severe market downturn marked by distressed asset valuations, increased volatility and high uncertainty on potential future evolutions. In these troubled market conditions investors should thoroughly analyze the risks and benefits of their financial decisions, taking into consideration all potential implications of the particular current situation.
ESG disclaimer: Some Indices consider ESG factors in the selection of their components. Investors are reminded that this is not a guarantee of outperformance. As there exists a large variety of ESG factors, investors are invited to check that the factors considered in these indices meet their individual ESG expectations.
Inflation Risk: if the current economic situation characterized by high inflation persisted throughout the life time of the product, then the “real” return of the product, equal to its return minus the inflation rate, might be negative.
Warning regarding the SG indices: The SG indices referred to herein are the sole and exclusive property of Societe Generale. Societe Generale does not guarantee the accuracy and/or the completeness of the composition, calculation, dissemination and adjustment of the Index, nor of the data included therein.
Subject to any applicable law, Societe Generale shall have no liability for any errors, omissions, interruptions or delays relating to the Index. Societe Generale makes no warranty, whether express or implied, relating to (i) the merchantability or fitness for a particular purpose of the Index, and (ii) the results of the use of the Index or any data included therein. Subject to any applicable law, Societe Generale shall have no liability for any losses, damages, costs or expenses (including loss of profits) arising, directly or indirectly, from the use of the Index or any data included therein. The levels of the Index do not represent a valuation or a price for any product referencing such Index. A summary of the Index rules is available either online on the website www.sgindex.com, or if not online, upon written request made to Societe Generale at the address stated in this document.
Warning regarding the external Indices: The indices referred to herein are not sponsored, approved or sold by Societe Generale. Societe Generale shall not assume any responsibility in this respect.
If this Document is distributed by SG London Branch: Societe Generale London Branch is authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
SG London Branch: Societe Generale Corporate And Investment Banking. One Bank Street, Canary Wharf, E14 4SG London, UNITED KINGDOM. Website: www.sgcib.com – Tel: +44 (0)20 7676 6000
If this document is distributed in Sweden by the Stockholm Branch of Societe Generale SA. Société Générale SA Bankfilial Sverige, Hamngatan 2, 5th floor, 111 47 Stockholm, registered in the Swedish Companies Registration Office register over branches with registration number 516406-1052, authorised by the ECB, the ACPR and subject to limited regulation and review by the Finansinspektionen (the Swedish Financial Supervisory Authority). Details about the extent of our authorisation, supervision and regulation by the above mentioned authorities are available from us on request.
SG Stockholm Branch : Société Générale SA Bankfilial Sverige. Hamngatan 2, 5th floor. 111 47 Stockholm, Sweden
Société Générale Global Banking and Investor Solutions
17 cours Valmy - 92987 Paris - La Défense Cedex
Siège Social : 29 Bd Haussmann, 75009 Paris
552 120 222 RCS Paris - APE : 651C - SIRET : 552 120 222 000 13
Société anonyme au capital de 1 066 714 367.50 EUR (31/12/2020).
Société Générale est un établissement de crédit (banque) agréé par l’ACPR.
IMPORtant INFORMATION
