This message is intended only for the addressee. Please notify the sender by e-mail if you are not the intended recipient. If you are not the intended recipient, you may not copy, disclose, forward or distribute this message or its contents to any other person and any such actions may be unlawful. Incapital does not warrant the accuracy or completeness of any information contained herein and the information contained herein may be subject to change without notice.
Incapital does not accept time sensitive, action-oriented messages or transaction orders, including orders to purchase or sell securities via e-mail. Additionally, any pricing information contained within electronic mail may be for informational purposes only, may be subject to prior purchase or sale and to subsequent change in price, and may not reflect a current bona fide quotation. Please contact an Incapital Representative for current market quotations and pricing information.
Incapital reserves the right to monitor and review the content of all messages sent to or from this e-mail address. Messages sent to or from this e-mail address may be stored on the incapital e-mail system.
Incapital markets only to broker-dealers, banks, advisory firms and other institutional investors. This material and any attachment or hyperlink is not to be distributed to retail investors. Nothing contained herein is to be considered a solicitation to any retail investor, research material, an investment recommendation or advice of any kind. Retail investors should consult with their financial and tax advisors before making any purchase and should review the relevant offering documents for information on risk and suitability considerations related to specific securities.
By conducting business with Incapital, client understand and acknowledge that they meet the definition of an “institutional account” as defined under FINRA rules and are capable of evaluating investment risks independently, both in general and with regard to any particular transaction(s) executed with Incapital as well as any investment strategies that they may employ in connection to any security(ies) purchased through Incapital. Additionally, with regard to any indications of interest or orders placed with Incapital, client understands that they are exercising independent judgment and not relying on Incapital for investment advice, a recommendation, a determination of suitability or discretion of any kind. Further, client acknowledge that they will not rely on any market commentary, sales literature, educational or marketing materials created or disseminated by Incapital for the purposes of determining suitability for any transaction(s) or investment strategy(ies).
Incapital may have included certain representations, projections and comparisons concerning particular investment products. Such representations, projections and comparisons reflect the opinions of Incapital and may not be accurate either now or at a future date. Consequently, you should not rely on such representations, projections, comparisons or other opinions of Incapital in purchasing an investment product or making a recommendation to a customer. Current and future economic and other market events concerning an investment product or an issuer thereof may cause the information provided herein to be incorrect. Past performance is not indicative of future results and should never be relied upon in making an investment decision or recommendation.
The investment products discussed herein may be considered complex investment products. Such products may contain unique risks, terms, conditions and fees specific to each offering. Depending upon the particular product, risks may include, but are not limited to, issuer credit risk, market risk, the performance of an underlying derivative financial instrument, formula or strategy, and foreign currency risks. Return of principal may not be guaranteed and may be subject to credit risk of the issuer or the performance of a derivative instrument, formula or strategy Additionally, unless otherwise specified in the particular offering documentation, the products discussed herein are not FDIC insured, may lose value, and are not bank guaranteed. You should not purchase a complex investment product or make an investment recommendation to a customer until you have read the specific offering documentation and understand the specific investment terms and risks of such investment.
A copy of the prospectus, official statement (including notices and circulars), term sheets, pricing supplements, financial reports and/or other offering information may be found at theMSRB’s EMMA, as related to municipal securities offerings, and the SEC’s EDGAR, as related to other securities offerings. For transactions in newly issued Federal Home Loan Bank (FHLB), Federal National Mortgage Association (FNMA), Federal Farm Credit Bank (FFCB) and Federal Home Loan Mortgage Corporation (FHLMC) securities, you may readily access this information by visiting their respective websites as detailed below. Incapital will also provide copies of the relevant offering statements upon request.
Pursuant to Rules 172 and 173 promulgated by the Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as amended, Incapital may be exempt from the requirement to deliver a hard copy of the final prospectus to purchasers in certain registered public offerings of securities ("access equals delivery exemption”). These SEC rules permit underwriters and dealers to fulfill their prospectus delivery requirements through an "access equals delivery" system whereby the customer will be deemed to have received delivery of the final prospectus by virtue of notification of its availability on the SEC's EDGAR website, when an issue is made pursuant to a registration statement or prospectus.
Prospectuses are prepared and filed with the SEC by the respective issuer. Accordingly, Incapital makes no warranty or representation that the information contained therein is accurate or complete. Please note that prospectuses may only be valid during the required delivery period and may not reflect current information regarding the securities offered or the issuer.
If this message is received by a Municipal Securities Issuer you are hereby notified that Incapital is not your financial advisor (FA).
Incapital, 200 South Wacker Dr. Chicago, IL 60606. Phone: 312-379-3700. Securities offered through, and UITs sponsored by, Incapital LLC, Member FINRA/SIPC. Annuities and insurance products offered through Incapital Insurance Services LLC, Member FINRA/SIPC.
This information does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.