Professional Documents
Culture Documents
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
3HSVLQ$
&$6
(&
,QGH[
5($&+ 1RQDSSOLFDEOH
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
7KLVSURGXFWZDVFODVVLILHGLQDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&DGDSWLQJWKHUHTXLUHPHQWVWR
5HJXODWLRQ(&Q5($&+UHJXODWLRQ
;L5,UULWDWLQJWRH\HVUHVSLUDWRU\V\VWHPDQGVNLQ
;Q50D\FDXVHVHQVLWLVDWLRQE\LQKDODWLRQ
&/35HJXODWLRQ(&Q
&ODVVLILFDWLRQRIWKLVSURGXFWKDVEHHQFDUULHGRXWLQDFFRUGDQFHZLWK&/35HJXODWLRQ(&Q
(\H,UULW(\HLUULWDWLRQ&DWHJRU\+
5HVS6HQV6HQVLWLVDWLRQUHVSLUDWRU\&DWHJRU\+
6NLQ,UULW6NLQLUULWDWLRQ&DWHJRU\+
67276(5HVSLUDWRU\WUDFWWR[LFLW\VLQJOHH[SRVXUH&DWHJRU\+
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
;Q
+DUPIXO
53KUDVHV
5,UULWDWLQJWRH\HVUHVSLUDWRU\V\VWHPDQGVNLQ
50D\FDXVHVHQVLWLVDWLRQE\LQKDODWLRQ
63KUDVHV
6.HHSRXWRIWKHUHDFKRIFKLOGUHQ
6'RQRWEUHDWKHGXVW
6$YRLGFRQWDFWZLWKVNLQ
6:HDUVXLWDEOHSURWHFWLYHFORWKLQJDQGJORYHV
6XSSOHPHQWDU\LQIRUPDWLRQ
1RQDSSOLFDEOH
&/35HJXODWLRQ(&Q
'DQJHU
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,21+$=$5'6,'(17,),&$7,21FRQWLQXH
+D]DUGVWDWHPHQWV
(\H,UULW+&DXVHVVHULRXVH\HLUULWDWLRQ
5HVS6HQV+0D\FDXVHDOOHUJ\RUDVWKPDV\PSWRPVRUEUHDWKLQJGLIILFXOWLHVLILQKDOHG
6NLQ,UULW+&DXVHVVNLQLUULWDWLRQ
67276(+0D\FDXVHUHVSLUDWRU\LUULWDWLRQ
3UHFDXWLRQDU\VWDWHPHQWV
3$YRLGEUHDWKLQJGXVWIXPHJDVPLVWYDSRXUVVSUD\
333,),1(<(65LQVHFDXWLRXVO\ZLWKZDWHUIRUVHYHUDOPLQXWHV5HPRYHFRQWDFWOHQVHVLISUHVHQWDQGHDV\
WRGR&RQWLQXHULQVLQJ
33,IH[SHULHQFLQJUHVSLUDWRU\V\PSWRPV&DOOD32,621&(17(5RUGRFWRUSK\VLFLDQ
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 3HSVLQ$ $73&/3
(&
'LUHFWLYH(& ;L5;Q5
,QGH[
5($&+ 1RQDSSOLFDEOH 5HJXODWLRQ (\H,UULW+5HVS6HQV+6NLQ,UULW+67276(+'DQJHU
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
0L[WXUH
1RQDSSOLFDEOH
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
7KHV\PSWRPVUHVXOWLQJIURPLQWR[LFDWLRQFDQDSSHDUDIWHUH[SRVXUHWKHUHIRUHLQFDVHRIGRXEWVHHNPHGLFDODWWHQWLRQIRUGLUHFW
H[SRVXUHWRWKHFKHPLFDOSURGXFWRUSHUVLVWHQWGLVFRPIRUWVKRZLQJWKH6'6RIWKLVSURGXFW
%\LQKDODWLRQ
5HPRYHWKHSHUVRQDIIHFWHGIURPWKHDUHDRIH[SRVXUHSURYLGHZLWKIUHVKDLUDQGNHHSDWUHVW,QVHULRXVFDVHVVXFKDV
FDUGLRUHVSLUDWRU\IDLOXUHDUWLILFLDOUHVXVFLWDWLRQWHFKQLTXHVZLOOEHQHFHVVDU\PRXWKWRPRXWKUHVXVFLWDWLRQFDUGLDFPDVVDJH
R[\JHQVXSSO\HWFUHTXLULQJLPPHGLDWHPHGLFDODVVLVWDQFH
%\VNLQFRQWDFW
5HPRYHFRQWDPLQDWHGFORWKLQJDQGIRRWZHDUULQVHVNLQRUVKRZHUWKHSHUVRQDIIHFWHGLIDSSURSULDWHZLWKSOHQW\RIFROGZDWHUDQG
QHXWUDOVRDS,QVHULRXVFDVHVVHHDGRFWRU,IWKHSURGXFWFDXVHVEXUQVRUIUHH]LQJFORWKLQJVKRXOGQRWEHUHPRYHGDVWKLVFRXOG
ZRUVHQWKHLQMXU\FDXVHGLILWLVVWXFNWRWKHVNLQ,IEOLVWHUVIRUPRQWKHVNLQWKHVHVKRXOGQHYHUEHEXUVWDVWKLVZLOOLQFUHDVHWKH
ULVNRILQIHFWLRQ
%\H\HFRQWDFW
5LQVHH\HVWKRURXJKO\ZLWKOXNHZDUPZDWHUIRUDWOHDVWPLQXWHV'RQRWDOORZWKHSHUVRQDIIHFWHGWRUXERUFORVHWKHLUH\HV,I
WKHLQMXUHGSHUVRQXVHVFRQWDFWOHQVHVWKHVHVKRXOGEHUHPRYHGXQOHVVWKH\DUHVWXFNWRWKHH\HVDVWKLVFRXOGFDXVHIXUWKHU
GDPDJH,QDOOFDVHVDIWHUFOHDQLQJDGRFWRUVKRXOGEHFRQVXOWHGDVTXLFNO\DVSRVVLEOHZLWKWKH6'6RIWKHSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
'RQRWLQGXFHYRPLWLQJEXWLILWGRHVKDSSHQNHHSWKHKHDGGRZQWRDYRLGDVSLUDWLRQ.HHSWKHSHUVRQDIIHFWHGDWUHVW5LQVHRXW
WKHPRXWKDQGWKURDWDVWKH\PD\KDYHEHHQDIIHFWHGGXULQJLQJHVWLRQ
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,21),567$,'0($685(6FRQWLQXH
1RQDSSOLFDEOH
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,QWKHFDVHRILQIODPPDWLRQDVDUHVXOWRI
LPSURSHUPDQLSXODWLRQVWRUDJHRUXVHSUHIHUDEO\XVHSRO\YDOHQWSRZGHUH[WLQJXLVKHUV$%&SRZGHULQDFFRUGDQFHZLWKWKH
5HJXODWLRQRQILUHSURWHFWLRQV\VWHPV,7,61275(&200(1'('WRXVHWDSZDWHUDVDQH[WLQJXLVKLQJDJHQW
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
$VDUHVXOWRIFRPEXVWLRQRUWKHUPDOGHFRPSRVLWLRQUHDFWLYHVXESURGXFWVDUHFUHDWHGWKDWFDQEHFRPHKLJKO\WR[LFDQG
FRQVHTXHQWO\FDQSUHVHQWDVHULRXVKHDOWKULVN
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN3HUVRQDOSURWHFWLRQHTXLSPHQWPXVWEH
XVHGDJDLQVWSRWHQWLDOFRQWDFWZLWKWKHVSLOWSURGXFW6HHVHFWLRQ(YDFXDWHWKHDUHDDQGNHHSRXWWKRVHZKRGRQRWKDYH
SURWHFWLRQ
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,WLVUHFRPPHQGHGWRWUDQVIHUDWVORZ
VSHHGVWRDYRLGWKHJHQHUDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFDQDIIHFWIODPPDEOHSURGXFWV&RQVXOWVHFWLRQIRULQIRUPDWLRQ
RQFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVUHFRPPHQGHGWRKDYHDEVRUEHQWPDWHULDODYDLODEOHDWFORVHSUR[LPLW\WRWKHSURGXFW6HHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,21+$1'/,1*$1'6725$*(FRQWLQXH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHZKHQWKHUHLVDWDVWHRUVPHOORIWKH
)LOWHUPDVNIRUJDVHVDQG FRQWDPLQDQWLQVLGHWKHIDFHPDVN,IWKH
(1$
YDSRXUV FRQWDPLQDQWFRPHVZLWKZDUQLQJVLWLV
0DQGDWRU\ UHFRPPHQGHGWRXVHLVRODWLRQHTXLSPHQW
UHVSLUDWRU\WUDFW
SURWHFWLRQ
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,21(;32685(&21752/63(5621$/3527(&7,21FRQWLQXH
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& 1RWDYDLODEOH
$SSHDUDQFH 1RWDYDLODEOH
&RORU 1RWDYDLODEOH
2GRU 1RWDYDLODEOH
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 1RQDSSOLFDEOH
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& 1RQDSSOLFDEOH
5HODWLYHGHQVLW\DW& 1RQDSSOLFDEOH
'\QDPLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH $YRLGDONDOLVRUVWURQJEDVHV
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUFRQVXPSWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\7KHFRQVXPSWLRQRIDFRQVLGHUDEOHGRVHFDQFDXVHLUULWDWLRQLQWKHWKURDWDEGRPLQDOSDLQQDXVHD
DQGYRPLWLQJ
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRULQKDODWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\&DXVHVLUULWDWLRQLQUHVSLUDWRU\SDVVDJHVZKLFKLVQRUPDOO\UHYHUVLEOHDQGOLPLWHGWRWKHXSSHU
UHVSLUDWRU\SDVVDJHV
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ3URGXFHVVNLQLQIODPPDWLRQ
&RQWDFWZLWKWKHH\HV3URGXFHVH\HGDPDJHDIWHUFRQWDFW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHG
DVGDQJHURXVIRUWKHHIIHFWVPHQWLRQHG)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
( 6HQVLWL]LQJHIIHFWV
5HVSLUDWRU\3URORQJHGH[SRVXUHFDQUHVXOWLQVSHFLILFUHVSLUDWRU\K\SHUVHQVLWLYLW\
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
&DXVHVLUULWDWLRQLQUHVSLUDWRU\SDVVDJHVZKLFKLVQRUPDOO\UHYHUVLEOHDQGOLPLWHGWRWKHXSSHUUHVSLUDWRU\SDVVDJHV
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,2172;,&2/2*,&$/,1)250$7,21FRQWLQXH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDV
LWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
WKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
1RWDYDLODEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
1RWDYDLODEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
/DERUDWRU\FKHPLFDOVFRQVLVWLQJRIRUFRQWDLQLQJKD]DUGRXVVXEVWDQFHVLQFOXGLQJPL[WXUHVRI
'DQJHURXV
ODERUDWRU\FKHPLFDOV
6(&7,2175$163257,1)250$7,21
7KLVSURGXFWLVQRWUHJXODWHGIRUWUDQVSRUW$'55,',0'*,$7$
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
1RQDSSOLFDEOH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
+&DXVHVVNLQLUULWDWLRQ
+0D\FDXVHDOOHUJ\RUDVWKPDV\PSWRPVRUEUHDWKLQJGLIILFXOWLHVLILQKDOHG
+0D\FDXVHUHVSLUDWRU\LUULWDWLRQ
+&DXVHVVHULRXVH\HLUULWDWLRQ
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
5,UULWDWLQJWRH\HVUHVSLUDWRU\V\VWHPDQGVNLQ
50D\FDXVHVHQVLWLVDWLRQE\LQKDODWLRQ
&/35HJXODWLRQ(&Q
(\H,UULW+&DXVHVVHULRXVH\HLUULWDWLRQ
5HVS6HQV+0D\FDXVHDOOHUJ\RUDVWKPDV\PSWRPVRUEUHDWKLQJGLIILFXOWLHVLILQKDOHG
6NLQ,UULW+&DXVHVVNLQLUULWDWLRQ
67276(+0D\FDXVHUHVSLUDWRU\LUULWDWLRQ
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(3HSVLQH5()*$5
)'6*$
6(&7,2127+(5,1)250$7,21FRQWLQXH
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5[P/
)'6*$
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&WKHSURGXFWLVQRWFODVVLILHGDVGDQJHURXV
&/35HJXODWLRQ(&Q
&ODVVLILFDWLRQRIWKLVSURGXFWKDVEHHQFDUULHGRXWLQDFFRUGDQFHZLWK&/35HJXODWLRQ(&Q
(\H,UULW(\HLUULWDWLRQ&DWHJRU\+
0HW&RUU&RUURVLYHWRPHWDOV&DWHJRU\+
6NLQ,UULW6NLQLUULWDWLRQ&DWHJRU\+
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
1RWFODVVLILHGDVGDQJHURXV6DIHW\GDWDVKHHWDYDLODEOHWRSURIHVVLRQDOXVHUVWKDWUHTXHVWLW
&/35HJXODWLRQ(&Q
:DUQLQJ
+D]DUGVWDWHPHQWV
(\H,UULW+&DXVHVVHULRXVH\HLUULWDWLRQ
0HW&RUU+0D\EHFRUURVLYHWRPHWDOV
6NLQ,UULW+&DXVHVVNLQLUULWDWLRQ
3UHFDXWLRQDU\VWDWHPHQWV
3.HHSRQO\LQRULJLQDOFRQWDLQHU
3:DVKWKRURXJKO\DIWHUXVH
3:HDUSURWHFWLYHJORYHVSURWHFWLYHFORWKLQJH\HSURWHFWLRQIDFHSURWHFWLRQ
33,)216.,1:DVKZLWKSOHQW\RIZDWHU
333,),1(<(65LQVHFDXWLRXVO\ZLWKZDWHUIRUVHYHUDOPLQXWHV5HPRYHFRQWDFWOHQVHVLISUHVHQWDQGHDV\
WRGR&RQWLQXHULQVLQJ
33,IH\HLUULWDWLRQSHUVLVWV*HWPHGLFDODGYLFHDWWHQWLRQ
3$EVRUEVSLOODJHWRSUHYHQWPDWHULDOGDPDJH
36WRUHLQDFRQWDLQHUUHVLVWDQWWRFRUURVLRQZLWKDUHVLVWDQWLQQHUOLQLQJ
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176FRQWLQXH
1RQDSSOLFDEOH
0L[WXUH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 1RQDSSOLFDEOH +\GURFKORULFDFLG $73&/3
(&
'LUHFWLYH(& &5;L5
,QGH[ ;
5($&+ ;;; 5HJXODWLRQ 6NLQ&RUU%+67276(+'DQJHU
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
7KHV\PSWRPVUHVXOWLQJIURPLQWR[LFDWLRQFDQDSSHDUDIWHUH[SRVXUHWKHUHIRUHLQFDVHRIGRXEWVHHNPHGLFDODWWHQWLRQIRUGLUHFW
H[SRVXUHWRWKHFKHPLFDOSURGXFWRUSHUVLVWHQWGLVFRPIRUWVKRZLQJWKH6'6RIWKLVSURGXFW
%\LQKDODWLRQ
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWKURXJKLQKDODWLRQKRZHYHULWLVUHFRPPHQGHGLQFDVHRILQWR[LFDWLRQV\PSWRPVWR
UHPRYHWKHSHUVRQDIIHFWHGIURPWKHDUHDRIH[SRVXUHSURYLGHFOHDQDLUDQGNHHSDWUHVW5HTXHVWPHGLFDODWWHQWLRQLIV\PSWRPV
SHUVLVW
%\VNLQFRQWDFW
5HPRYHFRQWDPLQDWHGFORWKLQJDQGIRRWZHDUULQVHVNLQRUVKRZHUWKHSHUVRQDIIHFWHGLIDSSURSULDWHZLWKSOHQW\RIFROGZDWHUDQG
QHXWUDOVRDS,QVHULRXVFDVHVVHHDGRFWRU,IWKHSURGXFWFDXVHVEXUQVRUIUHH]LQJFORWKLQJVKRXOGQRWEHUHPRYHGDVWKLVFRXOG
ZRUVHQWKHLQMXU\FDXVHGLILWLVVWXFNWRWKHVNLQ,IEOLVWHUVIRUPRQWKHVNLQWKHVHVKRXOGQHYHUEHEXUVWDVWKLVZLOOLQFUHDVHWKH
ULVNRILQIHFWLRQ
%\H\HFRQWDFW
5LQVHH\HVWKRURXJKO\ZLWKOXNHZDUPZDWHUIRUDWOHDVWPLQXWHV'RQRWDOORZWKHSHUVRQDIIHFWHGWRUXERUFORVHWKHLUH\HV,I
WKHLQMXUHGSHUVRQXVHVFRQWDFWOHQVHVWKHVHVKRXOGEHUHPRYHGXQOHVVWKH\DUHVWXFNWRWKHH\HVDVWKLVFRXOGFDXVHIXUWKHU
GDPDJH,QDOOFDVHVDIWHUFOHDQLQJDGRFWRUVKRXOGEHFRQVXOWHGDVTXLFNO\DVSRVVLEOHZLWKWKH6'6RIWKHSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
'RQRWLQGXFHYRPLWLQJEXWLILWGRHVKDSSHQNHHSWKHKHDGGRZQWRDYRLGDVSLUDWLRQ.HHSWKHSHUVRQDIIHFWHGDWUHVW5LQVHRXW
WKHPRXWKDQGWKURDWDVWKH\PD\KDYHEHHQDIIHFWHGGXULQJLQJHVWLRQ
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,QWKHFDVHRILQIODPPDWLRQDVDUHVXOWRI
LPSURSHUPDQLSXODWLRQVWRUDJHRUXVHSUHIHUDEO\XVHSRO\YDOHQWSRZGHUH[WLQJXLVKHUV$%&SRZGHULQDFFRUGDQFHZLWKWKH
5HJXODWLRQRQILUHSURWHFWLRQV\VWHPV,7,61275(&200(1'('WRXVHWDSZDWHUDVDQH[WLQJXLVKLQJDJHQW
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
$VDUHVXOWRIFRPEXVWLRQRUWKHUPDOGHFRPSRVLWLRQUHDFWLYHVXESURGXFWVDUHFUHDWHGWKDWFDQEHFRPHKLJKO\WR[LFDQG
FRQVHTXHQWO\FDQSUHVHQWDVHULRXVKHDOWKULVN
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,21),5(),*+7,1*0($685(6FRQWLQXH
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN3HUVRQDOSURWHFWLRQHTXLSPHQWPXVWEH
XVHGDJDLQVWSRWHQWLDOFRQWDFWZLWKWKHVSLOWSURGXFW6HHVHFWLRQ(YDFXDWHWKHDUHDDQGNHHSRXWWKRVHZKRGRQRWKDYH
SURWHFWLRQ
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,WLVUHFRPPHQGHGWRWUDQVIHUDWVORZ
VSHHGVWRDYRLGWKHJHQHUDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFDQDIIHFWIODPPDEOHSURGXFWV&RQVXOWVHFWLRQIRULQIRUPDWLRQ
RQFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVUHFRPPHQGHGWRKDYHDEVRUEHQWPDWHULDODYDLODEOHDWFORVHSUR[LPLW\WRWKHSURGXFW6HHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,21(;32685(&21752/63(5621$/3527(&7,21FRQWLQXH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
(PHUJHQF\PHDVXUH 6WDQGDUGV (PHUJHQF\PHDVXUH 6WDQGDUGV
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH &RORUOHVV
&RORU &RORXUOHVV
2GRU &KDUDFWHULVWLF
9RODWLOLW\
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6FRQWLQXH
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH &
9DSRXUSUHVVXUHDW& 3D
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& F3
.LQHPDWLFYLVFRVLW\DW& F6W
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 3UHFDXWLRQ 1RWDSSOLFDEOH $YRLGDONDOLVRUVWURQJEDVHV
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUFRQVXPSWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\7KHFRQVXPSWLRQRIDFRQVLGHUDEOHGRVHFDQFDXVHLUULWDWLRQLQWKHWKURDWDEGRPLQDOSDLQQDXVHD
DQGYRPLWLQJ
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRULQKDODWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWKRZHYHULWGRHVFRQWDLQVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ3URGXFHVVNLQLQIODPPDWLRQ
&RQWDFWZLWKWKHH\HV3URGXFHVH\HGDPDJHDIWHUFRQWDFW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHG
DVGDQJHURXVIRUWKHHIIHFWVPHQWLRQHG)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
( 6HQVLWL]LQJHIIHFWV
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVZLWKVHQVLELOL]LVLQJHIIHFWV)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWKRZHYHULWFRQWDLQVVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
LQKDODWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDV
LWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
WKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
1RWDYDLODEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
1RWDYDLODEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,21(&2/2*,&$/,1)250$7,21FRQWLQXH
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
'LVFDUGHGFKHPLFDOVRWKHUWKDQWKRVHPHQWLRQHGLQRU 1RQGDQJHURXV
6(&7,2175$163257,1)250$7,21
7UDQVSRUWRIGDQJHURXVJRRGVE\ODQG
:LWKUHJDUGWR$'5DQG5,'
81QXPEHU 81
81SURSHUVKLSSLQJQDPH &25526,9(/,48,'126+\GURFKORULFDFLG
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
6SHFLDOUHJXODWLRQV
7XQQHOUHVWULFWLRQFRGH (
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
/LPLWHGTXDQWLWLHV /
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
7UDQVSRUWRIGDQJHURXVJRRGVE\VHD
:LWKUHJDUGWR,0'*
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,2175$163257,1)250$7,21FRQWLQXH
81QXPEHU 81
81SURSHUVKLSSLQJQDPH &25526,9(/,48,'126+\GURFKORULFDFLG
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
6SHFLDOUHJXODWLRQV
(P6&RGHV )$6%
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
/LPLWHGTXDQWLWLHV /
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
7UDQVSRUWRIGDQJHURXVJRRGVE\DLU
:LWKUHJDUGWR,$7$,&$2
81QXPEHU 81
81SURSHUVKLSSLQJQDPH &25526,9(/,48,'126+\GURFKORULFDFLG
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R+\GURFKORULFDFLG3URGXFWW\SH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(+&O05()*$5
[P/
)'6*$
6(&7,2127+(5,1)250$7,21FRQWLQXH
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
&20326,7,21,1)250$7,2121,1*5(',(176
ā$GGHG&RQWHQW
+\GURFKORULFDFLG
ā5HPRYHG&RQWHQW
6RGLXPK\GUR[LGH
'LUHFWLYH(&DQG'LUHFWLYH(&
ā3LFWRJUDPV
ā53KUDVHV
ā63KUDVHV
75$163257,1)250$7,21
ā81QXPEHU
ā3DFNLQJJURXS
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
+0D\EHFRUURVLYHWRPHWDOV
+&DXVHVVNLQLUULWDWLRQ
+&DXVHVVHULRXVH\HLUULWDWLRQ
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
5&DXVHVEXUQV
5,UULWDWLQJWRUHVSLUDWRU\V\VWHP
&/35HJXODWLRQ(&Q
6NLQ&RUU%+&DXVHVVHYHUHVNLQEXUQVDQGH\HGDPDJH
67276(+0D\FDXVHUHVSLUDWRU\LUULWDWLRQ
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
7KLVSURGXFWZDVFODVVLILHGLQDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&DGDSWLQJWKHUHTXLUHPHQWVWR
5HJXODWLRQ(&Q5($&+UHJXODWLRQ
&5&DXVHVVHYHUHEXUQV
&/35HJXODWLRQ(&Q
&ODVVLILFDWLRQRIWKLVSURGXFWKDVEHHQFDUULHGRXWLQDFFRUGDQFHZLWK&/35HJXODWLRQ(&Q
(\H,UULW(\HLUULWDWLRQ&DWHJRU\+
0HW&RUU&RUURVLYHWRPHWDOV&DWHJRU\+
6NLQ,UULW6NLQLUULWDWLRQ&DWHJRU\+
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
&
&RUURVLYH
53KUDVHV
5&DXVHVVHYHUHEXUQV
63KUDVHV
6,QFDVHRIFRQWDFWZLWKH\HVULQVHLPPHGLDWHO\ZLWKSOHQW\RIZDWHUDQGVHHNPHGLFDODGYLFH
6:HDUVXLWDEOHSURWHFWLYHFORWKLQJJORYHVDQGH\HIDFHSURWHFWLRQ
6,QFDVHRIDFFLGHQWRULI\RXIHHOXQZHOOVHHNPHGLFDODGYLFHLPPHGLDWHO\VKRZWKHODEHOZKHUHSRVVLEOH
6XSSOHPHQWDU\LQIRUPDWLRQ
1RQDSSOLFDEOH
6XEVWDQFHVWKDWFRQWULEXWHWRWKHFODVVLILFDWLRQ
6RGLXPK\GUR[LGH
&/35HJXODWLRQ(&Q
:DUQLQJ
+D]DUGVWDWHPHQWV
(\H,UULW+&DXVHVVHULRXVH\HLUULWDWLRQ
0HW&RUU+0D\EHFRUURVLYHWRPHWDOV
6NLQ,UULW+&DXVHVVNLQLUULWDWLRQ
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,21+$=$5'6,'(17,),&$7,21FRQWLQXH
3UHFDXWLRQDU\VWDWHPHQWV
3.HHSRQO\LQRULJLQDOFRQWDLQHU
3:DVKWKRURXJKO\DIWHUXVH
3:HDUSURWHFWLYHJORYHVSURWHFWLYHFORWKLQJH\HSURWHFWLRQIDFHSURWHFWLRQ
33,)216.,1:DVKZLWKSOHQW\RIZDWHU
333,),1(<(65LQVHFDXWLRXVO\ZLWKZDWHUIRUVHYHUDOPLQXWHV5HPRYHFRQWDFWOHQVHVLISUHVHQWDQGHDV\
WRGR&RQWLQXHULQVLQJ
33,IH\HLUULWDWLRQSHUVLVWV*HWPHGLFDODGYLFHDWWHQWLRQ
3$EVRUEVSLOODJHWRSUHYHQWPDWHULDOGDPDJH
36WRUHLQDFRQWDLQHUUHVLVWDQWWRFRUURVLRQZLWKDUHVLVWDQWLQQHUOLQLQJ
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
1RQDSSOLFDEOH
0L[WXUH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 6RGLXPK\GUR[LGH 6HOIFODVVLILHG
(&
'LUHFWLYH(& &5
,QGH[
5($&+ ;;; 5HJXODWLRQ (\H'DP+0HW&RUU+6NLQ&RUU$+'DQJHU
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
7KHV\PSWRPVUHVXOWLQJIURPLQWR[LFDWLRQFDQDSSHDUDIWHUH[SRVXUHWKHUHIRUHLQFDVHRIGRXEWVHHNPHGLFDODWWHQWLRQIRUGLUHFW
H[SRVXUHWRWKHFKHPLFDOSURGXFWRUSHUVLVWHQWGLVFRPIRUWVKRZLQJWKH6'6RIWKLVSURGXFW
%\LQKDODWLRQ
7KLVSURGXFWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVKD]DUGRXVIRULQKDODWLRQKRZHYHULQFDVHRIV\PSWRPVRILQWR[LFDWLRQ
UHPRYHWKHSHUVRQDIIHFWHGIURPWKHH[SRVXUHDUHDDQGSURYLGHZLWKIUHVKDLU6HHNPHGLFDODWWHQWLRQLIWKHV\PSWRPVJHWZRUVH
RUSHUVLVW
%\VNLQFRQWDFW
5HPRYHFRQWDPLQDWHGFORWKLQJDQGIRRWZHDUULQVHVNLQRUVKRZHUWKHSHUVRQDIIHFWHGLIDSSURSULDWHZLWKSOHQW\RIFROGZDWHUDQG
QHXWUDOVRDS,QVHULRXVFDVHVVHHDGRFWRU,IWKHSURGXFWFDXVHVEXUQVRUIUHH]LQJFORWKLQJVKRXOGQRWEHUHPRYHGDVWKLVFRXOG
ZRUVHQWKHLQMXU\FDXVHGLILWLVVWXFNWRWKHVNLQ,IEOLVWHUVIRUPRQWKHVNLQWKHVHVKRXOGQHYHUEHEXUVWDVWKLVZLOOLQFUHDVHWKH
ULVNRILQIHFWLRQ
%\H\HFRQWDFW
5LQVHH\HVWKRURXJKO\ZLWKOXNHZDUPZDWHUIRUDWOHDVWPLQXWHV'RQRWDOORZWKHSHUVRQDIIHFWHGWRUXERUFORVHWKHLUH\HV,I
WKHLQMXUHGSHUVRQXVHVFRQWDFWOHQVHVWKHVHVKRXOGEHUHPRYHGXQOHVVWKH\DUHVWXFNWRWKHH\HVDVWKLVFRXOGFDXVHIXUWKHU
GDPDJH,QDOOFDVHVDIWHUFOHDQLQJDGRFWRUVKRXOGEHFRQVXOWHGDVTXLFNO\DVSRVVLEOHZLWKWKH6'6RIWKHSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
'RQRWLQGXFHYRPLWLQJEXWLILWGRHVKDSSHQNHHSWKHKHDGGRZQWRDYRLGDVSLUDWLRQ.HHSWKHSHUVRQDIIHFWHGDWUHVW5LQVHRXW
WKHPRXWKDQGWKURDWDVWKH\PD\KDYHEHHQDIIHFWHGGXULQJLQJHVWLRQ
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,QWKHFDVHRILQIODPPDWLRQDVDUHVXOWRI
LPSURSHUPDQLSXODWLRQVWRUDJHRUXVHSUHIHUDEO\XVHSRO\YDOHQWSRZGHUH[WLQJXLVKHUV$%&SRZGHULQDFFRUGDQFHZLWKWKH
5HJXODWLRQRQILUHSURWHFWLRQV\VWHPV,7,61275(&200(1'('WRXVHWDSZDWHUDVDQH[WLQJXLVKLQJDJHQW
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
$VDUHVXOWRIFRPEXVWLRQRUWKHUPDOGHFRPSRVLWLRQUHDFWLYHVXESURGXFWVDUHFUHDWHGWKDWFDQEHFRPHKLJKO\WR[LFDQG
FRQVHTXHQWO\FDQSUHVHQWDVHULRXVKHDOWKULVN
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN3HUVRQDOSURWHFWLRQHTXLSPHQWPXVWEH
XVHGDJDLQVWSRWHQWLDOFRQWDFWZLWKWKHVSLOWSURGXFW6HHVHFWLRQ(YDFXDWHWKHDUHDDQGNHHSRXWWKRVHZKRGRQRWKDYH
SURWHFWLRQ
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,WLVUHFRPPHQGHGWRWUDQVIHUDWVORZ
VSHHGVWRDYRLGWKHJHQHUDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFDQDIIHFWIODPPDEOHSURGXFWV&RQVXOWVHFWLRQIRULQIRUPDWLRQ
RQFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVUHFRPPHQGHGWRKDYHDEVRUEHQWPDWHULDODYDLODEOHDWFORVHSUR[LPLW\WRWKHSURGXFW6HHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,21+$1'/,1*$1'6725$*(FRQWLQXH
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
(PHUJHQF\PHDVXUH 6WDQGDUGV (PHUJHQF\PHDVXUH 6WDQGDUGV
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH &RORUOHVV
&RORU &RORXUOHVV
2GRU &KDUDFWHULVWLF
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH &
9DSRXUSUHVVXUHDW& 3D
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& F3
.LQHPDWLFYLVFRVLW\DW& F6W
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,2167$%,/,7<$1'5($&7,9,7<FRQWLQXH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 3UHFDXWLRQ 1RWDSSOLFDEOH 1RWDSSOLFDEOH
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUFRQVXPSWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\7KHFRQVXPSWLRQRIDFRQVLGHUDEOHGRVHFDQFDXVHLUULWDWLRQLQWKHWKURDWDEGRPLQDOSDLQQDXVHD
DQGYRPLWLQJ
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRULQKDODWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWKRZHYHULWGRHVFRQWDLQVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ3URGXFHVVNLQLQIODPPDWLRQ
&RQWDFWZLWKWKHH\HV3URGXFHVH\HGDPDJHDIWHUFRQWDFW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHG
DVGDQJHURXVIRUWKHHIIHFWVPHQWLRQHG)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
( 6HQVLWL]LQJHIIHFWV
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVZLWKVHQVLELOL]LVLQJHIIHFWV)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
WKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDV
LWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
WKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,2172;,&2/2*,&$/,1)250$7,21FRQWLQXH
1RWDYDLODEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
,GHQWLILFDWLRQ $FXWHWR[LFLW\ 6SHFLH *HQXV
6RGLXPK\GUR[LGH /& PJ/K /HXFLVFXVLGXV )LVK
&$6 (& PJ/ &UDQJRQFUDQJRQ &UXVWDFHDQ
(& (& 1RQDSSOLFDEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
/DERUDWRU\FKHPLFDOVFRQVLVWLQJRIRUFRQWDLQLQJKD]DUGRXVVXEVWDQFHVLQFOXGLQJPL[WXUHVRI
'DQJHURXV
ODERUDWRU\FKHPLFDOV
6(&7,2175$163257,1)250$7,21
7UDQVSRUWRIGDQJHURXVJRRGVE\ODQG
:LWKUHJDUGWR$'5DQG5,'
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,2175$163257,1)250$7,21FRQWLQXH
81QXPEHU 81
81SURSHUVKLSSLQJQDPH 62',80+<'52;,'(62/87,21
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
6SHFLDOUHJXODWLRQV 1RQDSSOLFDEOH
7XQQHOUHVWULFWLRQFRGH (
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
/LPLWHGTXDQWLWLHV /
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
7UDQVSRUWRIGDQJHURXVJRRGVE\VHD
:LWKUHJDUGWR,0'*
81QXPEHU 81
81SURSHUVKLSSLQJQDPH 62',80+<'52;,'(62/87,21
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
6SHFLDOUHJXODWLRQV 1RQDSSOLFDEOH
(P6&RGHV )$6%
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
/LPLWHGTXDQWLWLHV /
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
7UDQVSRUWRIGDQJHURXVJRRGVE\DLU
:LWKUHJDUGWR,$7$,&$2
81QXPEHU 81
81SURSHUVKLSSLQJQDPH 62',80+<'52;,'(62/87,21
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
&217,18('211(;73$*(
%,2/$%26$6&OHDQLQJ6ROXWLRQ,6(5()*$[P/
)'6*$
6(&7,215(*8/$725<,1)250$7,21FRQWLQXH
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
1RQDSSOLFDEOH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
+0D\EHFRUURVLYHWRPHWDOV
+&DXVHVVNLQLUULWDWLRQ
+&DXVHVVHULRXVH\HLUULWDWLRQ
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
5&DXVHVVHYHUHEXUQV
&/35HJXODWLRQ(&Q
(\H'DP+&DXVHVVHULRXVH\HGDPDJH
0HW&RUU+0D\EHFRUURVLYHWRPHWDOV
6NLQ&RUU$+&DXVHVVHYHUHVNLQEXUQVDQGH\HGDPDJH
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$6(OHFWURGH&O,6(5()
)'6
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6(OHFWURGH&O,6(5()
)'6
FDUERQDWHG
DPPRQLXP
&$6
(& 1RQDSSOLFDEOH
,QGH[ 1RQDSSOLFDEOH
5($&+ 1RQDSSOLFDEOH
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&WKHSURGXFWLVQRWFODVVLILHGDVGDQJHURXV
&/35HJXODWLRQ(&Q
7KHSURGXFWLVQRWFODVVLILHGDVGDQJHURXVDFFRUGLQJWR&/35HJXODWLRQ(&Q
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
1RWFODVVLILHGDVGDQJHURXV6DIHW\GDWDVKHHWDYDLODEOHWRSURIHVVLRQDOXVHUVWKDWUHTXHVWLW
&/35HJXODWLRQ(&Q
1RQH
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 FDUERQDWHG
DPPRQLXP 1RWFODVVLILHG
(& 1RQDSSOLFDEOH
'LUHFWLYH(&
,QGH[ 1RQDSSOLFDEOH
5($&+ 1RQDSSOLFDEOH 5HJXODWLRQ
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
0L[WXUH
1RQDSSOLFDEOH
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH&O,6(5()
)'6
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
&RQVXOWDGRFWRULQFDVHRIGLVFRPIRUWZLWKWKLV6DIHW\GDWD6KHHW
%\LQKDODWLRQ
,QFDVHRIV\PSWRPVPRYHWKHSHUVRQDIIHFWHGLQWRIUHVKDLU
%\VNLQFRQWDFW
,QFDVHRIFRQWDFWLWLVUHFRPPHQGHGWRFOHDQWKHDIIHFWHGDUHDWKRURXJKO\ZLWKZDWHUDQGQHXWUDOVRDS,QFDVHRIPRGLILFDWLRQV
RQWKHVNLQVWLQJLQJUHGQHVVUDVKHVEOLVWHUV«VHHNPHGLFDODGYLFHZLWKWKLV6DIHW\GDWD6KHHW
%\H\HFRQWDFW
5LQVHZLWKZDWHUXQWLOWKHSURGXFWKDVEHHQHOLPLQDWHG,QFDVHRISUREOHPVFRQVXOWDGRFWRUZLWKWKH6'6RIWKLVSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
,QFDVHRIFRQVXPSWLRQLQODUJHTXDQWLWLHVLWLVUHFRPPHQGHGWRVHHNPHGLFDODVVLVWDQFH
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHORZULVNRIILUHE\WKHLQIODPPDELOLW\FKDUDFWHULVWLFVRIWKHSURGXFWLQQRUPDOFRQGLWLRQVRIVWRUDJH
PDQLSXODWLRQDQGXVH,QWKHFDVHRIWKHH[LVWHQFHRIVXVWDLQHGFRPEXVWLRQDVDUHVXOWRILPSURSHUPDQLSXODWLRQVWRUDJHRUXVH
DQ\W\SHRIH[WLQJXLVKLQJDJHQWFDQEHXVHG$%&3RZGHUZDWHU
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
'XHWRLWVQRQIODPPDEOHQDWXUHWKHSURGXFWGRHVQRWSUHVHQWDILUHULVNXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQG
XVH
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH&O,6(5()
)'6
6(&7,21+$1'/,1*$1'6725$*(FRQWLQXH
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
,WLVUHFRPPHQGHGWRWUDQVIHUDWDVORZVSHHGWRDYRLGWKHFUHDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFRXOGDIIHFWIODPPDEOH
SURGXFWV&RQVXOWVHFWLRQIRUFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVQRWQHFHVVDU\WRWDNHVSHFLDOPHDVXUHVWRSUHYHQWHQYLURQPHQWDOULVNV)RUPRUHLQIRUPDWLRQVHHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH&O,6(5()
)'6
6(&7,21(;32685(&21752/63(5621$/3527(&7,21FRQWLQXH
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
(PHUJHQF\PHDVXUH 6WDQGDUGV (PHUJHQF\PHDVXUH 6WDQGDUGV
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH 1RWDYDLODEOH
&RORU 1RWDYDLODEOH
2GRU 1RWDYDLODEOH
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH&O,6(5()
)'6
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6FRQWLQXH
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH $YRLGDONDOLVRUVWURQJEDVHV
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
/'RUDO!PJNJUDW
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RQWDFWZLWKWKHH\HV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
( 6HQVLWL]LQJHIIHFWV
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH&O,6(5()
)'6
6(&7,2172;,&2/2*,&$/,1)250$7,21FRQWLQXH
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
1RWDYDLODEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
1RWDYDLODEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
'LVFDUGHGFKHPLFDOVRWKHUWKDQWKRVHPHQWLRQHGLQRU 1RQGDQJHURXV
6(&7,2175$163257,1)250$7,21
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH&O,6(5()
)'6
6(&7,2175$163257,1)250$7,21FRQWLQXH
7KLVSURGXFWLVQRWUHJXODWHGIRUWUDQVSRUW$'55,',0'*,$7$
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
1RQDSSOLFDEOH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
1RQDSSOLFDEOH
&/35HJXODWLRQ(&Q
1RQDSSOLFDEOH
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH&O,6(5()
)'6
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$6(OHFWURGH.,6(5()
)'6
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6(OHFWURGH.,6(5()
)'6
FDUERQDWHG
DPPRQLXP
&$6
(& 1RQDSSOLFDEOH
,QGH[ 1RQDSSOLFDEOH
5($&+ 1RQDSSOLFDEOH
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&WKHSURGXFWLVQRWFODVVLILHGDVGDQJHURXV
&/35HJXODWLRQ(&Q
7KHSURGXFWLVQRWFODVVLILHGDVGDQJHURXVDFFRUGLQJWR&/35HJXODWLRQ(&Q
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
1RWFODVVLILHGDVGDQJHURXV6DIHW\GDWDVKHHWDYDLODEOHWRSURIHVVLRQDOXVHUVWKDWUHTXHVWLW
&/35HJXODWLRQ(&Q
1RQH
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 FDUERQDWHG
DPPRQLXP 1RWFODVVLILHG
(& 1RQDSSOLFDEOH
'LUHFWLYH(&
,QGH[ 1RQDSSOLFDEOH
5($&+ 1RQDSSOLFDEOH 5HJXODWLRQ
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
0L[WXUH
1RQDSSOLFDEOH
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH.,6(5()
)'6
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
&RQVXOWDGRFWRULQFDVHRIGLVFRPIRUWZLWKWKLV6DIHW\GDWD6KHHW
%\LQKDODWLRQ
,QFDVHRIV\PSWRPVPRYHWKHSHUVRQDIIHFWHGLQWRIUHVKDLU
%\VNLQFRQWDFW
,QFDVHRIFRQWDFWLWLVUHFRPPHQGHGWRFOHDQWKHDIIHFWHGDUHDWKRURXJKO\ZLWKZDWHUDQGQHXWUDOVRDS,QFDVHRIPRGLILFDWLRQV
RQWKHVNLQVWLQJLQJUHGQHVVUDVKHVEOLVWHUV«VHHNPHGLFDODGYLFHZLWKWKLV6DIHW\GDWD6KHHW
%\H\HFRQWDFW
5LQVHZLWKZDWHUXQWLOWKHSURGXFWKDVEHHQHOLPLQDWHG,QFDVHRISUREOHPVFRQVXOWDGRFWRUZLWKWKH6'6RIWKLVSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
,QFDVHRIFRQVXPSWLRQLQODUJHTXDQWLWLHVLWLVUHFRPPHQGHGWRVHHNPHGLFDODVVLVWDQFH
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHORZULVNRIILUHE\WKHLQIODPPDELOLW\FKDUDFWHULVWLFVRIWKHSURGXFWLQQRUPDOFRQGLWLRQVRIVWRUDJH
PDQLSXODWLRQDQGXVH,QWKHFDVHRIWKHH[LVWHQFHRIVXVWDLQHGFRPEXVWLRQDVDUHVXOWRILPSURSHUPDQLSXODWLRQVWRUDJHRUXVH
DQ\W\SHRIH[WLQJXLVKLQJDJHQWFDQEHXVHG$%&3RZGHUZDWHU
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
'XHWRLWVQRQIODPPDEOHQDWXUHWKHSURGXFWGRHVQRWSUHVHQWDILUHULVNXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQG
XVH
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH.,6(5()
)'6
6(&7,21+$1'/,1*$1'6725$*(FRQWLQXH
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
,WLVUHFRPPHQGHGWRWUDQVIHUDWDVORZVSHHGWRDYRLGWKHFUHDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFRXOGDIIHFWIODPPDEOH
SURGXFWV&RQVXOWVHFWLRQIRUFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVQRWQHFHVVDU\WRWDNHVSHFLDOPHDVXUHVWRSUHYHQWHQYLURQPHQWDOULVNV)RUPRUHLQIRUPDWLRQVHHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH.,6(5()
)'6
6(&7,21(;32685(&21752/63(5621$/3527(&7,21FRQWLQXH
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
(PHUJHQF\PHDVXUH 6WDQGDUGV (PHUJHQF\PHDVXUH 6WDQGDUGV
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH 1RWDYDLODEOH
&RORU 1RWDYDLODEOH
2GRU 1RWDYDLODEOH
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH.,6(5()
)'6
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6FRQWLQXH
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH $YRLGDONDOLVRUVWURQJEDVHV
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
/'RUDO!PJNJUDW
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RQWDFWZLWKWKHH\HV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
( 6HQVLWL]LQJHIIHFWV
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH.,6(5()
)'6
6(&7,2172;,&2/2*,&$/,1)250$7,21FRQWLQXH
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
1RWDYDLODEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
1RWDYDLODEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
'LVFDUGHGFKHPLFDOVRWKHUWKDQWKRVHPHQWLRQHGLQRU 1RQGDQJHURXV
6(&7,2175$163257,1)250$7,21
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH.,6(5()
)'6
6(&7,2175$163257,1)250$7,21FRQWLQXH
7KLVSURGXFWLVQRWUHJXODWHGIRUWUDQVSRUW$'55,',0'*,$7$
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
1RQDSSOLFDEOH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
1RQDSSOLFDEOH
&/35HJXODWLRQ(&Q
1RQDSSOLFDEOH
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH.,6(5()
)'6
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$6(OHFWURGH/L,6(5()
)'6
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6(OHFWURGH/L,6(5()
)'6
FDUERQDWHG
DPPRQLXP
&$6
(& 1RQDSSOLFDEOH
,QGH[ 1RQDSSOLFDEOH
5($&+ 1RQDSSOLFDEOH
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&WKHSURGXFWLVQRWFODVVLILHGDVGDQJHURXV
&/35HJXODWLRQ(&Q
7KHSURGXFWLVQRWFODVVLILHGDVGDQJHURXVDFFRUGLQJWR&/35HJXODWLRQ(&Q
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
1RWFODVVLILHGDVGDQJHURXV6DIHW\GDWDVKHHWDYDLODEOHWRSURIHVVLRQDOXVHUVWKDWUHTXHVWLW
&/35HJXODWLRQ(&Q
1RQH
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 FDUERQDWHG
DPPRQLXP 1RWFODVVLILHG
(& 1RQDSSOLFDEOH
'LUHFWLYH(&
,QGH[ 1RQDSSOLFDEOH
5($&+ 1RQDSSOLFDEOH 5HJXODWLRQ
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
0L[WXUH
1RQDSSOLFDEOH
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH/L,6(5()
)'6
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
&RQVXOWDGRFWRULQFDVHRIGLVFRPIRUWZLWKWKLV6DIHW\GDWD6KHHW
%\LQKDODWLRQ
,QFDVHRIV\PSWRPVPRYHWKHSHUVRQDIIHFWHGLQWRIUHVKDLU
%\VNLQFRQWDFW
,QFDVHRIFRQWDFWLWLVUHFRPPHQGHGWRFOHDQWKHDIIHFWHGDUHDWKRURXJKO\ZLWKZDWHUDQGQHXWUDOVRDS,QFDVHRIPRGLILFDWLRQV
RQWKHVNLQVWLQJLQJUHGQHVVUDVKHVEOLVWHUV«VHHNPHGLFDODGYLFHZLWKWKLV6DIHW\GDWD6KHHW
%\H\HFRQWDFW
5LQVHZLWKZDWHUXQWLOWKHSURGXFWKDVEHHQHOLPLQDWHG,QFDVHRISUREOHPVFRQVXOWDGRFWRUZLWKWKH6'6RIWKLVSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
,QFDVHRIFRQVXPSWLRQLQODUJHTXDQWLWLHVLWLVUHFRPPHQGHGWRVHHNPHGLFDODVVLVWDQFH
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHORZULVNRIILUHE\WKHLQIODPPDELOLW\FKDUDFWHULVWLFVRIWKHSURGXFWLQQRUPDOFRQGLWLRQVRIVWRUDJH
PDQLSXODWLRQDQGXVH,QWKHFDVHRIWKHH[LVWHQFHRIVXVWDLQHGFRPEXVWLRQDVDUHVXOWRILPSURSHUPDQLSXODWLRQVWRUDJHRUXVH
DQ\W\SHRIH[WLQJXLVKLQJDJHQWFDQEHXVHG$%&3RZGHUZDWHU
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
'XHWRLWVQRQIODPPDEOHQDWXUHWKHSURGXFWGRHVQRWSUHVHQWDILUHULVNXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQG
XVH
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH/L,6(5()
)'6
6(&7,21+$1'/,1*$1'6725$*(FRQWLQXH
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
,WLVUHFRPPHQGHGWRWUDQVIHUDWDVORZVSHHGWRDYRLGWKHFUHDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFRXOGDIIHFWIODPPDEOH
SURGXFWV&RQVXOWVHFWLRQIRUFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVQRWQHFHVVDU\WRWDNHVSHFLDOPHDVXUHVWRSUHYHQWHQYLURQPHQWDOULVNV)RUPRUHLQIRUPDWLRQVHHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH/L,6(5()
)'6
6(&7,21(;32685(&21752/63(5621$/3527(&7,21FRQWLQXH
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
(PHUJHQF\PHDVXUH 6WDQGDUGV (PHUJHQF\PHDVXUH 6WDQGDUGV
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH 1RWDYDLODEOH
&RORU 1RWDYDLODEOH
2GRU 1RWDYDLODEOH
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH/L,6(5()
)'6
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6FRQWLQXH
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH $YRLGDONDOLVRUVWURQJEDVHV
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
/'RUDO!PJNJUDW
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RQWDFWZLWKWKHH\HV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
( 6HQVLWL]LQJHIIHFWV
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH/L,6(5()
)'6
6(&7,2172;,&2/2*,&$/,1)250$7,21FRQWLQXH
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
1RWDYDLODEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
1RWDYDLODEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
'LVFDUGHGFKHPLFDOVRWKHUWKDQWKRVHPHQWLRQHGLQRU 1RQGDQJHURXV
6(&7,2175$163257,1)250$7,21
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH/L,6(5()
)'6
6(&7,2175$163257,1)250$7,21FRQWLQXH
7KLVSURGXFWLVQRWUHJXODWHGIRUWUDQVSRUW$'55,',0'*,$7$
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
1RQDSSOLFDEOH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
1RQDSSOLFDEOH
&/35HJXODWLRQ(&Q
1RQDSSOLFDEOH
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH/L,6(5()
)'6
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$6(OHFWURGH1D,6(5()
)'6
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6(OHFWURGH1D,6(5()
)'6
FDUERQDWHG
DPPRQLXP
&$6
(& 1RQDSSOLFDEOH
,QGH[ 1RQDSSOLFDEOH
5($&+ 1RQDSSOLFDEOH
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&WKHSURGXFWLVQRWFODVVLILHGDVGDQJHURXV
&/35HJXODWLRQ(&Q
7KHSURGXFWLVQRWFODVVLILHGDVGDQJHURXVDFFRUGLQJWR&/35HJXODWLRQ(&Q
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
1RWFODVVLILHGDVGDQJHURXV6DIHW\GDWDVKHHWDYDLODEOHWRSURIHVVLRQDOXVHUVWKDWUHTXHVWLW
&/35HJXODWLRQ(&Q
1RQH
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 FDUERQDWHG
DPPRQLXP 1RWFODVVLILHG
(& 1RQDSSOLFDEOH
'LUHFWLYH(&
,QGH[ 1RQDSSOLFDEOH
5($&+ 1RQDSSOLFDEOH 5HJXODWLRQ
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
0L[WXUH
1RQDSSOLFDEOH
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH1D,6(5()
)'6
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
&RQVXOWDGRFWRULQFDVHRIGLVFRPIRUWZLWKWKLV6DIHW\GDWD6KHHW
%\LQKDODWLRQ
,QFDVHRIV\PSWRPVPRYHWKHSHUVRQDIIHFWHGLQWRIUHVKDLU
%\VNLQFRQWDFW
,QFDVHRIFRQWDFWLWLVUHFRPPHQGHGWRFOHDQWKHDIIHFWHGDUHDWKRURXJKO\ZLWKZDWHUDQGQHXWUDOVRDS,QFDVHRIPRGLILFDWLRQV
RQWKHVNLQVWLQJLQJUHGQHVVUDVKHVEOLVWHUV«VHHNPHGLFDODGYLFHZLWKWKLV6DIHW\GDWD6KHHW
%\H\HFRQWDFW
5LQVHZLWKZDWHUXQWLOWKHSURGXFWKDVEHHQHOLPLQDWHG,QFDVHRISUREOHPVFRQVXOWDGRFWRUZLWKWKH6'6RIWKLVSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
,QFDVHRIFRQVXPSWLRQLQODUJHTXDQWLWLHVLWLVUHFRPPHQGHGWRVHHNPHGLFDODVVLVWDQFH
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHORZULVNRIILUHE\WKHLQIODPPDELOLW\FKDUDFWHULVWLFVRIWKHSURGXFWLQQRUPDOFRQGLWLRQVRIVWRUDJH
PDQLSXODWLRQDQGXVH,QWKHFDVHRIWKHH[LVWHQFHRIVXVWDLQHGFRPEXVWLRQDVDUHVXOWRILPSURSHUPDQLSXODWLRQVWRUDJHRUXVH
DQ\W\SHRIH[WLQJXLVKLQJDJHQWFDQEHXVHG$%&3RZGHUZDWHU
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
'XHWRLWVQRQIODPPDEOHQDWXUHWKHSURGXFWGRHVQRWSUHVHQWDILUHULVNXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQG
XVH
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH1D,6(5()
)'6
6(&7,21+$1'/,1*$1'6725$*(FRQWLQXH
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
,WLVUHFRPPHQGHGWRWUDQVIHUDWDVORZVSHHGWRDYRLGWKHFUHDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFRXOGDIIHFWIODPPDEOH
SURGXFWV&RQVXOWVHFWLRQIRUFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVQRWQHFHVVDU\WRWDNHVSHFLDOPHDVXUHVWRSUHYHQWHQYLURQPHQWDOULVNV)RUPRUHLQIRUPDWLRQVHHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH1D,6(5()
)'6
6(&7,21(;32685(&21752/63(5621$/3527(&7,21FRQWLQXH
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
(PHUJHQF\PHDVXUH 6WDQGDUGV (PHUJHQF\PHDVXUH 6WDQGDUGV
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH 1RWDYDLODEOH
&RORU 1RWDYDLODEOH
2GRU 1RWDYDLODEOH
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH1D,6(5()
)'6
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6FRQWLQXH
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH $YRLGDONDOLVRUVWURQJEDVHV
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
/'RUDO!PJNJUDW
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RQWDFWZLWKWKHH\HV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
( 6HQVLWL]LQJHIIHFWV
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH1D,6(5()
)'6
6(&7,2172;,&2/2*,&$/,1)250$7,21FRQWLQXH
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
1RWDYDLODEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
1RWDYDLODEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
'LVFDUGHGFKHPLFDOVRWKHUWKDQWKRVHPHQWLRQHGLQRU 1RQGDQJHURXV
6(&7,2175$163257,1)250$7,21
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH1D,6(5()
)'6
6(&7,2175$163257,1)250$7,21FRQWLQXH
7KLVSURGXFWLVQRWUHJXODWHGIRUWUDQVSRUW$'55,',0'*,$7$
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
1RQDSSOLFDEOH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
1RQDSSOLFDEOH
&/35HJXODWLRQ(&Q
1RQDSSOLFDEOH
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
&217,18('211(;73$*(
%,2/$%26$6(OHFWURGH1D,6(5()
)'6
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&WKHSURGXFWLVQRWFODVVLILHGDVGDQJHURXV
&/35HJXODWLRQ(&Q
7KHSURGXFWLVQRWFODVVLILHGDVGDQJHURXVDFFRUGLQJWR&/35HJXODWLRQ(&Q
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
1RWFODVVLILHGDVGDQJHURXV6DIHW\GDWDVKHHWDYDLODEOHWRSURIHVVLRQDOXVHUVWKDWUHTXHVWLW
&/35HJXODWLRQ(&Q
+D]DUGVWDWHPHQWV
1RQDSSOLFDEOH
3UHFDXWLRQDU\VWDWHPHQWV
1RQDSSOLFDEOH
6XSSOHPHQWDU\LQIRUPDWLRQ
(8+6DIHW\GDWDVKHHWDYDLODEOHRQUHTXHVW
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
1RQDSSOLFDEOH
0L[WXUH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 6XOSKXULFDFLG $73&/3
(&
'LUHFWLYH(& &5
,QGH[
5($&+ ;;; 5HJXODWLRQ 6NLQ&RUU$+'DQJHU
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
&217,18('211(;73$*(
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
7KHV\PSWRPVUHVXOWLQJIURPLQWR[LFDWLRQFDQDSSHDUDIWHUH[SRVXUHWKHUHIRUHLQFDVHRIGRXEWVHHNPHGLFDODWWHQWLRQIRUGLUHFW
H[SRVXUHWRWKHFKHPLFDOSURGXFWRUSHUVLVWHQWGLVFRPIRUWVKRZLQJWKH6'6RIWKLVSURGXFW
%\LQKDODWLRQ
7KLVSURGXFWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVKD]DUGRXVIRULQKDODWLRQKRZHYHULQFDVHRIV\PSWRPVRILQWR[LFDWLRQ
UHPRYHWKHSHUVRQDIIHFWHGIURPWKHH[SRVXUHDUHDDQGSURYLGHZLWKIUHVKDLU6HHNPHGLFDODWWHQWLRQLIWKHV\PSWRPVJHWZRUVH
RUSHUVLVW
%\VNLQFRQWDFW
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVZKHQLQFRQWDFWZLWKWKHVNLQ+RZHYHULQFDVHRIVNLQFRQWDFWLWLVUHFRPPHQGHGWR
UHPRYHFRQWDPLQDWHGFORWKHVDQGVKRHVULQVHWKHVNLQRUVKRZHUWKHSHUVRQDIIHFWHGLIQHFHVVDU\WKRURXJKO\ZLWKFROGZDWHU
DQGQHXWUDOVRDS,QFDVHRIVHULRXVUHDFWLRQFRQVXOWDGRFWRU
%\H\HFRQWDFW
5LQVHH\HVWKRURXJKO\ZLWKZDWHUIRUDWOHDVWPLQXWHV,IWKHLQMXUHGSHUVRQXVHVFRQWDFWOHQVHVWKHVHVKRXOGEHUHPRYHG
XQOHVVWKH\DUHVWXFNWRWKHH\HVDVWKLVFRXOGFDXVHIXUWKHUGDPDJH,QDOOFDVHVDIWHUFOHDQLQJDGRFWRUVKRXOGEHFRQVXOWHG
DVTXLFNO\DVSRVVLEOHZLWKWKH6'6RIWKHSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
'RQRWLQGXFHYRPLWLQJEXWLILWGRHVKDSSHQNHHSWKHKHDGGRZQWRDYRLGDVSLUDWLRQ.HHSWKHSHUVRQDIIHFWHGDWUHVW5LQVHRXW
WKHPRXWKDQGWKURDWDVWKH\PD\KDYHEHHQDIIHFWHGGXULQJLQJHVWLRQ
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,QWKHFDVHRILQIODPPDWLRQDVDUHVXOWRI
LPSURSHUPDQLSXODWLRQVWRUDJHRUXVHSUHIHUDEO\XVHSRO\YDOHQWSRZGHUH[WLQJXLVKHUV$%&SRZGHULQDFFRUGDQFHZLWKWKH
5HJXODWLRQRQILUHSURWHFWLRQV\VWHPV,7,61275(&200(1'('WRXVHWDSZDWHUDVDQH[WLQJXLVKLQJDJHQW
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
$VDUHVXOWRIFRPEXVWLRQRUWKHUPDOGHFRPSRVLWLRQUHDFWLYHVXESURGXFWVDUHFUHDWHGWKDWFDQEHFRPHKLJKO\WR[LFDQG
FRQVHTXHQWO\FDQSUHVHQWDVHULRXVKHDOWKULVN
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN3HUVRQDOSURWHFWLRQHTXLSPHQWPXVWEH
XVHGDJDLQVWSRWHQWLDOFRQWDFWZLWKWKHVSLOWSURGXFW6HHVHFWLRQ(YDFXDWHWKHDUHDDQGNHHSRXWWKRVHZKRGRQRWKDYH
SURWHFWLRQ
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
&217,18('211(;73$*(
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,21$&&,'(17$/5(/($6(0($685(6FRQWLQXH
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,WLVUHFRPPHQGHGWRWUDQVIHUDWVORZ
VSHHGVWRDYRLGWKHJHQHUDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFDQDIIHFWIODPPDEOHSURGXFWV&RQVXOWVHFWLRQIRULQIRUPDWLRQ
RQFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVUHFRPPHQGHGWRKDYHDEVRUEHQWPDWHULDODYDLODEOHDWFORVHSUR[LPLW\WRWKHSURGXFW6HHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
,GHQWLILFDWLRQ (QYLURQPHQWDOOLPLWV
6XOSKXULFDFLG ,2(/9K PJPñ
&$6 ,2(/967(/
(& <HDU
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
&217,18('211(;73$*(
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,21(;32685(&21752/63(5621$/3527(&7,21FRQWLQXH
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
(PHUJHQF\PHDVXUH 6WDQGDUGV (PHUJHQF\PHDVXUH 6WDQGDUGV
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH &RORUOHVV
&RORU &RORXUOHVV
2GRU &KDUDFWHULVWLF
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH &
9DSRXUSUHVVXUHDW& 3D
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& F3
.LQHPDWLFYLVFRVLW\DW& F6W
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
&217,18('211(;73$*(
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6FRQWLQXH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 3UHFDXWLRQ 1RWDSSOLFDEOH $YRLGDONDOLVRUVWURQJEDVHV
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUFRQVXPSWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWKRZHYHULWFRQWDLQVVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUFRQVXPSWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
% ,QKDODWLRQ
&217,18('211(;73$*(
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,2172;,&2/2*,&$/,1)250$7,21FRQWLQXH
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRULQKDODWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWKRZHYHULWGRHVFRQWDLQVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWKRZHYHULWFRQWDLQVVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUVNLQFRQWDFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RQWDFWZLWKWKHH\HV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWKRZHYHULWFRQWDLQVVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUVNLQFRQWDFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHG
DVGDQJHURXVIRUWKHHIIHFWVPHQWLRQHG)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
( 6HQVLWL]LQJHIIHFWV
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVZLWKVHQVLELOL]LVLQJHIIHFWV)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
WKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDV
LWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
WKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
,GHQWLILFDWLRQ $FXWHWR[LFLW\ *HQXV
6XOSKXULFDFLG /'RUDO PJNJ 5DW
&$6 /'GHUPDO 1RQDSSOLFDEOH
(& /&LQKDODWLRQ 1RQDSSOLFDEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
1RWDYDLODEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
&217,18('211(;73$*(
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,21(&2/2*,&$/,1)250$7,21FRQWLQXH
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
/DERUDWRU\FKHPLFDOVFRQVLVWLQJRIRUFRQWDLQLQJKD]DUGRXVVXEVWDQFHVLQFOXGLQJPL[WXUHVRI
'DQJHURXV
ODERUDWRU\FKHPLFDOV
6(&7,2175$163257,1)250$7,21
7UDQVSRUWRIGDQJHURXVJRRGVE\ODQG
:LWKUHJDUGWR$'5DQG5,'
81QXPEHU 81
81SURSHUVKLSSLQJQDPH 68/3+85,&$&,'ZLWKQRWPRUHWKDQDFLGRU%$77(5<
)/8,'$&,'
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
6SHFLDOUHJXODWLRQV 1RQDSSOLFDEOH
7XQQHOUHVWULFWLRQFRGH (
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
/LPLWHGTXDQWLWLHV /
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
7UDQVSRUWRIGDQJHURXVJRRGVE\VHD
:LWKUHJDUGWR,0'*
&217,18('211(;73$*(
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,2175$163257,1)250$7,21FRQWLQXH
81QXPEHU 81
81SURSHUVKLSSLQJQDPH 68/3+85,&$&,'ZLWKQRWPRUHWKDQDFLGRU%$77(5<
)/8,'$&,'
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
6SHFLDOUHJXODWLRQV 1RQDSSOLFDEOH
(P6&RGHV )$6%
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
/LPLWHGTXDQWLWLHV /
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
7UDQVSRUWRIGDQJHURXVJRRGVE\DLU
:LWKUHJDUGWR,$7$,&$2
81QXPEHU 81
81SURSHUVKLSSLQJQDPH 68/3+85,&$&,'ZLWKQRWPRUHWKDQDFLGRU%$77(5<
)/8,'$&,'
7UDQVSRUWKD]DUGFODVVHV
/DEHOV
3DFNLQJJURXS ,,
'DQJHURXVIRUWKH 1R
HQYLURQPHQW
6SHFLDOSUHFDXWLRQVIRUXVHU
3K\VLFR&KHPLFDOSURSHUWLHV VHHVHFWLRQ
7UDQVSRUWLQEXONDFFRUGLQJWR 1RQDSSOLFDEOH
$QQH[,,RI0DUSRODQGWKH,%&
&RGH
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
&217,18('211(;73$*(
%,2/$%26$6([WUD&OHDQLQJ5()&25[P/
)'6&2
6(&7,2127+(5,1)250$7,21FRQWLQXH
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
1RQDSSOLFDEOH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
5&DXVHVVHYHUHEXUQV
&/35HJXODWLRQ(&Q
6NLQ&RUU$+&DXVHVVHYHUHVNLQEXUQVDQGH\HGDPDJH
&ODVVLILFDWLRQSURFHGXUH
1RQDSSOLFDEOH
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
7KLVSURGXFWZDVFODVVLILHGLQDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&DGDSWLQJWKHUHTXLUHPHQWVWR
5HJXODWLRQ(&Q5($&+UHJXODWLRQ
&5&DXVHVEXUQV
&/35HJXODWLRQ(&Q
&ODVVLILFDWLRQRIWKLVSURGXFWKDVEHHQFDUULHGRXWLQDFFRUGDQFHZLWK&/35HJXODWLRQ(&Q
0HW&RUU&RUURVLYHWRPHWDOV&DWHJRU\+
6NLQ&RUU%6NLQFRUURVLRQ&DWHJRU\%+
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
&
&RUURVLYH
53KUDVHV
5&DXVHVEXUQV
63KUDVHV
6,QFDVHRIFRQWDFWZLWKH\HVULQVHLPPHGLDWHO\ZLWKSOHQW\RIZDWHUDQGVHHNPHGLFDODGYLFH
6:HDUVXLWDEOHSURWHFWLYHFORWKLQJJORYHVDQGH\HIDFHSURWHFWLRQ
6,QFDVHRIDFFLGHQWRULI\RXIHHOXQZHOOVHHNPHGLFDODGYLFHLPPHGLDWHO\VKRZWKHODEHOZKHUHSRVVLEOH
6XSSOHPHQWDU\LQIRUPDWLRQ
1RQDSSOLFDEOH
6XEVWDQFHVWKDWFRQWULEXWHWRWKHFODVVLILFDWLRQ
6RGLXPK\GUR[LGH
&/35HJXODWLRQ(&Q
'DQJHU
+D]DUGVWDWHPHQWV
0HW&RUU+0D\EHFRUURVLYHWRPHWDOV
6NLQ&RUU%+&DXVHVVHYHUHVNLQEXUQVDQGH\HGDPDJH
3UHFDXWLRQDU\VWDWHPHQWV
&217,18('211(;73$*(
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
6(&7,21+$=$5'6,'(17,),&$7,21FRQWLQXH
3.HHSRQO\LQRULJLQDOFRQWDLQHU
3:DVKWKRURXJKO\DIWHUXVH
3:HDUSURWHFWLYHJORYHVSURWHFWLYHFORWKLQJH\HSURWHFWLRQIDFHSURWHFWLRQ
333,)6:$//2:('ULQVHPRXWK'R127LQGXFHYRPLWLQJ
333,)216.,1RUKDLU7DNHRIILPPHGLDWHO\DOOFRQWDPLQDWHGFORWKLQJ5LQVHVNLQZLWKZDWHUVKRZHU
33,),1+$/('5HPRYHSHUVRQWRIUHVKDLUDQGNHHSFRPIRUWDEOHIRUEUHDWKLQJ
333,),1(<(65LQVHFDXWLRXVO\ZLWKZDWHUIRUVHYHUDOPLQXWHV5HPRYHFRQWDFWOHQVHVLISUHVHQWDQGHDV\
WRGR&RQWLQXHULQVLQJ
3,PPHGLDWHO\FDOOD32,621&(17(5RUGRFWRUSK\VLFLDQ
6XEVWDQFHVWKDWFRQWULEXWHWRWKHFODVVLILFDWLRQ
6RGLXPK\GUR[LGH
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
1RQDSSOLFDEOH
0L[WXUH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
,QDFFRUGDQFHZLWK$QQH[,,RI5HJXODWLRQ(&QSRLQWWKHSURGXFWFRQWDLQV
,GHQWLILFDWLRQ &KHPLFDOQDPH&ODVVLILFDWLRQ &RQFHQWUDWLRQ
&$6 6RGLXPK\GUR[LGH 6HOIFODVVLILHG
(&
'LUHFWLYH(& &5
,QGH[
5($&+ ;;; 5HJXODWLRQ (\H'DP+0HW&RUU+6NLQ&RUU$+'DQJHU
7RREWDLQPRUHLQIRUPDWLRQRQWKHULVNRIWKHVXEVWDQFHVFRQVXOWVHFWLRQVDQG
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
5HTXHVWPHGLFDODVVLVWDQFHLPPHGLDWHO\VKRZLQJWKH6'6RIWKLVSURGXFW
%\LQKDODWLRQ
7KLVSURGXFWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVKD]DUGRXVIRULQKDODWLRQKRZHYHULQFDVHRIV\PSWRPVRILQWR[LFDWLRQ
UHPRYHWKHSHUVRQDIIHFWHGIURPWKHH[SRVXUHDUHDDQGSURYLGHZLWKIUHVKDLU6HHNPHGLFDODWWHQWLRQLIWKHV\PSWRPVJHWZRUVH
RUSHUVLVW
%\VNLQFRQWDFW
5HPRYHFRQWDPLQDWHGFORWKLQJDQGIRRWZHDUULQVHVNLQRUVKRZHUWKHSHUVRQDIIHFWHGLIDSSURSULDWHZLWKSOHQW\RIFROGZDWHUDQG
QHXWUDOVRDS,QVHULRXVFDVHVVHHDGRFWRU,IWKHSURGXFWFDXVHVEXUQVRUIUHH]LQJFORWKLQJVKRXOGQRWEHUHPRYHGDVWKLVFRXOG
ZRUVHQWKHLQMXU\FDXVHGLILWLVVWXFNWRWKHVNLQ,IEOLVWHUVIRUPRQWKHVNLQWKHVHVKRXOGQHYHUEHEXUVWDVWKLVZLOOLQFUHDVHWKH
ULVNRILQIHFWLRQ
%\H\HFRQWDFW
5LQVHH\HVWKRURXJKO\ZLWKOXNHZDUPZDWHUIRUDWOHDVWPLQXWHV'RQRWDOORZWKHSHUVRQDIIHFWHGWRUXERUFORVHWKHLUH\HV,I
WKHLQMXUHGSHUVRQXVHVFRQWDFWOHQVHVWKHVHVKRXOGEHUHPRYHGXQOHVVWKH\DUHVWXFNWRWKHH\HVDVWKLVFRXOGFDXVHIXUWKHU
GDPDJH,QDOOFDVHVDIWHUFOHDQLQJDGRFWRUVKRXOGEHFRQVXOWHGDVTXLFNO\DVSRVVLEOHZLWKWKH6'6RIWKHSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
5HTXHVWLPPHGLDWHPHGLFDODVVLVWDQFHVKRZLQJWKH6'6RIWKLVSURGXFW'RQRWLQGXFHYRPLWLQJEHFDXVHLWVH[SXOVLRQIURPWKH
VWRPDFKFDQEHKD]DUGRXVWRWKHPXFXVRIWKHPDLQGLJHVWLYHWUDFWDQGLWVLQKDODWLRQWRWKHUHVSLUDWRU\V\VWHP5LQVHRXWWKH
PRXWKDQGWKURDWDVWKH\PD\KDYHEHHQDIIHFWHGGXULQJLQJHVWLRQ,QWKHFDVHRIORVVRIFRQVFLRXVQHVVGRQRWDGPLQLVWUDWH
DQ\WKLQJRUDOO\XQOHVVVXSHUYLVHGE\DGRFWRU.HHSWKHSHUVRQDIIHFWHGDWUHVW
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
&217,18('211(;73$*(
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,QWKHFDVHRILQIODPPDWLRQDVDUHVXOWRI
LPSURSHUPDQLSXODWLRQVWRUDJHRUXVHSUHIHUDEO\XVHSRO\YDOHQWSRZGHUH[WLQJXLVKHUV$%&SRZGHULQDFFRUGDQFHZLWKWKH
5HJXODWLRQRQILUHSURWHFWLRQV\VWHPV,7,61275(&200(1'('WRXVHWDSZDWHUDVDQH[WLQJXLVKLQJDJHQW
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
$VDUHVXOWRIFRPEXVWLRQRUWKHUPDOGHFRPSRVLWLRQUHDFWLYHVXESURGXFWVDUHFUHDWHGWKDWFDQEHFRPHKLJKO\WR[LFDQG
FRQVHTXHQWO\FDQSUHVHQWDVHULRXVKHDOWKULVN
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN3HUVRQDOSURWHFWLRQHTXLSPHQWPXVWEH
XVHGDJDLQVWSRWHQWLDOFRQWDFWZLWKWKHVSLOWSURGXFW6HHVHFWLRQ(YDFXDWHWKHDUHDDQGNHHSRXWWKRVHZKRGRQRWKDYH
SURWHFWLRQ
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
3URGXFWLVQRQIODPPDEOHXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQGXVH,WLVUHFRPPHQGHGWRWUDQVIHUDWVORZ
VSHHGVWRDYRLGWKHJHQHUDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFDQDIIHFWIODPPDEOHSURGXFWV&RQVXOWVHFWLRQIRULQIRUPDWLRQ
RQFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVUHFRPPHQGHGWRKDYHDEVRUEHQWPDWHULDODYDLODEOHDWFORVHSUR[LPLW\WRWKHSURGXFW6HHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
&217,18('211(;73$*(
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
6(&7,21+$1'/,1*$1'6725$*(FRQWLQXH
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
7KH%UHDNWKURXJK7LPHLQGLFDWHGE\WKH
(1 PDQXIDFWXUHUPXVWH[FHHGWKHSHULRGGXULQJZKLFK
121GLVSRVDEOHFKHPLFDO
(1$& WKHSURGXFWLVEHLQJXVHG'RQRWXVHSURWHFWLYH
SURWHFWLYHJORYHV
(1$ FUHDPVDIWHUWKHSURGXFWKDVFRPHLQWRFRQWDFWZLWK
0DQGDWRU\KDQG VNLQ
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
(1
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
(1
)DFHPDVN WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
(1
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH (1,62
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
(1$
(1
'LVSRVDEOHFORWKLQJIRU (1,62
)RUSURIHVVLRQDOXVHRQO\&OHDQSHULRGLFDOO\
SURWHFWLRQDJDLQVWFKHPLFDO $
DFFRUGLQJWRWKHPDQXIDFWXUHUVLQVWUXFWLRQV
ULVNV (1,62
0DQGDWRU\FRPSOHWH
ERG\SURWHFWLRQ (1,62
(1
6DIHW\IRRWZHDUIRUSURWHFWLRQ (1,62
5HSODFHERRWVDWDQ\VLJQRIGHWHULRUDWLRQ
DJDLQVWFKHPLFDOULVN (1
0DQGDWRU\IRRW
SURWHFWLRQ
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
(PHUJHQF\PHDVXUH 6WDQGDUGV (PHUJHQF\PHDVXUH 6WDQGDUGV
$16,= ',1
,62 ,62
(PHUJHQF\VKRZHU (\HZDVKVWDWLRQV
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
&217,18('211(;73$*(
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH &RORUOHVV
&RORU &RORXUOHVV
2GRU &KDUDFWHULVWLF
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH &
9DSRXUSUHVVXUHDW& 3D
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& F3
.LQHPDWLFYLVFRVLW\DW& F6W
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
&217,18('211(;73$*(
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
6(&7,2167$%,/,7<$1'5($&7,9,7<FRQWLQXH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 3UHFDXWLRQ 1RWDSSOLFDEOH 1RWDSSOLFDEOH
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUFRQVXPSWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\&RUURVLYHSURGXFWLWVFRQVXPSWLRQFDXVHVEXUQVGHVWUR\LQJWKHIXOOWKLFNQHVVRIIDEULFV)RUPRUH
LQIRUPDWLRQRQWKHVHFRQGDU\HIIHFWVRIFRQWDFWZLWKWKHVNLQVHHVHFWLRQ
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRULQKDODWLRQ)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&RUURVLYLW\,UULWDELOLW\3URORQJHGLQKDODWLRQRIWKHSURGXFWLVFRUURVLYHWRPXFRXVPHPEUDQHVDQGWKHXSSHUUHVSLUDWRU\WUDFW
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ$ERYHDOOVNLQFRQWDFWPD\RFFXUDVIDEULFVRIDOOWKLFNQHVVHVFDQEHGHVWUR\HGUHVXOWLQJLQEXUQV
)RUPRUHLQIRUPDWLRQRQWKHVHFRQGDU\HIIHFWVVHHVHFWLRQ
&RQWDFWZLWKWKHH\HV3URGXFHVVHULRXVH\HGDPDJHDIWHUFRQWDFW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHG
DVGDQJHURXVIRUWKHHIIHFWVPHQWLRQHG)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHV
FODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
( 6HQVLWL]LQJHIIHFWV
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVZLWKVHQVLELOL]LVLQJHIIHFWV)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
WKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDV
LWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDV
GDQJHURXVIRUWKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHWDVLWGRHVQRWFRQWDLQVXEVWDQFHVFODVVLILHGDVGDQJHURXVIRU
WKLVHIIHFW)RUPRUHLQIRUPDWLRQVHHVHFWLRQ
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
&217,18('211(;73$*(
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
6(&7,2172;,&2/2*,&$/,1)250$7,21FRQWLQXH
1RWDYDLODEOH
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
,GHQWLILFDWLRQ $FXWHWR[LFLW\ 6SHFLH *HQXV
6RGLXPK\GUR[LGH /& PJ/K /HXFLVFXVLGXV )LVK
&$6 (& PJ/ &UDQJRQFUDQJRQ &UXVWDFHDQ
(& (& 1RQDSSOLFDEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
/DERUDWRU\FKHPLFDOVFRQVLVWLQJRIRUFRQWDLQLQJKD]DUGRXVVXEVWDQFHVLQFOXGLQJPL[WXUHVRI
'DQJHURXV
ODERUDWRU\FKHPLFDOV
6(&7,2175$163257,1)250$7,21
7KLVSURGXFWLVQRWUHJXODWHGIRUWUDQVSRUW$'55,',0'*,$7$
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
&217,18('211(;73$*(
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
6(&7,215(*8/$725<,1)250$7,21FRQWLQXH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
75$163257,1)250$7,21
ā81QXPEHU
ā3DFNLQJJURXS
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
+0D\EHFRUURVLYHWRPHWDOV
+&DXVHVVHYHUHVNLQEXUQVDQGH\HGDPDJH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
5&DXVHVVHYHUHEXUQV
&/35HJXODWLRQ(&Q
(\H'DP+&DXVHVVHULRXVH\HGDPDJH
0HW&RUU+0D\EHFRUURVLYHWRPHWDOV
6NLQ&RUU$+&DXVHVVHYHUHVNLQEXUQVDQGH\HGDPDJH
&ODVVLILFDWLRQSURFHGXUH
6NLQ&RUU%&DOFXODWLRQPHWKRG
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
&217,18('211(;73$*(
%,2/$%26$6,SR&OHDQLQJ5()&25[P/
)'6&2
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7
%,2/$%26$65HDJHQW3DFN,6(5()53,6(
53,6(
6(&7,21,'(17,),&$7,212)7+(68%67$1&(0,;785($1'2)7+(&203$1<81'(57$.,1*
3URGXFWLGHQWLILHU %,2/$%26$65HDJHQW3DFN,6(5()53,6(
53,6(
5HOHYDQWLGHQWLILHGXVHVRIWKHVXEVWDQFHRUPL[WXUHDQGXVHVDGYLVHGDJDLQVW
5HOHYDQWXVHV,QYLWURGLDJQRVWLF)RUSURIHVVLRQDOXVHRQO\
8VHVDGYLVHGDJDLQVW$OOXVHVQRWVSHFLILHGLQWKLVVHFWLRQRULQVHFWLRQ
'HWDLOVRIWKHVXSSOLHURIWKHVDIHW\GDWDVKHHW %,2/$%26$6
/HV+DXWHV5LYHV
0DL]\)UDQFH
3KRQH
)D[
LQIR#ELRODERIU
ZZZELRODERIU
(PHUJHQF\WHOHSKRQHQXPEHU %,2/$%2KK25),/$
6(&7,21+$=$5'6,'(17,),&$7,21
&ODVVLILFDWLRQRIWKHVXEVWDQFHRUPL[WXUH
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWK'LUHFWLYH(&DQG'LUHFWLYH(&WKHSURGXFWLVQRWFODVVLILHGDVGDQJHURXV
&/35HJXODWLRQ(&Q
7KHSURGXFWLVQRWFODVVLILHGDVGDQJHURXVDFFRUGLQJWR&/35HJXODWLRQ(&Q
/DEHOHOHPHQWV
'LUHFWLYH(&DQG'LUHFWLYH(&
,QDFFRUGDQFHZLWKWKHOHJLVODWLRQWKHHOHPHQWVRQWKHODEHODUHDVIROORZV
1RWFODVVLILHGDVGDQJHURXV6DIHW\GDWDVKHHWDYDLODEOHWRSURIHVVLRQDOXVHUVWKDWUHTXHVWLW
&/35HJXODWLRQ(&Q
1RQH
2WKHUKD]DUGV
1RQDSSOLFDEOH
6(&7,21&20326,7,21,1)250$7,2121,1*5(',(176
6XEVWDQFH
1RQDSSOLFDEOH
0L[WXUH
&KHPLFDOGHVFULSWLRQ 0L[WXUHRIVXEVWDQFHV
&RPSRQHQWV
1RQHRIWKHVXEVWDQFHVFRQWDLQHGLQWKHPL[WXUHDUHDERYHWKHYDOXHVIL[HGLQ$QQH[,,RI5HJXODWLRQ(&Q
6(&7,21),567$,'0($685(6
'HVFULSWLRQRIILUVWDLGPHDVXUHV
&RQVXOWDGRFWRULQFDVHRIGLVFRPIRUWZLWKWKLV6DIHW\GDWD6KHHW
%\LQKDODWLRQ
,QFDVHRIV\PSWRPVPRYHWKHSHUVRQDIIHFWHGLQWRIUHVKDLU
%\VNLQFRQWDFW
,QFDVHRIFRQWDFWLWLVUHFRPPHQGHGWRFOHDQWKHDIIHFWHGDUHDWKRURXJKO\ZLWKZDWHUDQGQHXWUDOVRDS,QFDVHRIPRGLILFDWLRQV
RQWKHVNLQVWLQJLQJUHGQHVVUDVKHVEOLVWHUV«VHHNPHGLFDODGYLFHZLWKWKLV6DIHW\GDWD6KHHW
%\H\HFRQWDFW
&217,18('211(;73$*(
%,2/$%26$65HDJHQW3DFN,6(5()53,6(
53,6(
6(&7,21),567$,'0($685(6FRQWLQXH
5LQVHZLWKZDWHUXQWLOWKHSURGXFWKDVEHHQHOLPLQDWHG,QFDVHRISUREOHPVFRQVXOWDGRFWRUZLWKWKH6'6RIWKLVSURGXFW
%\LQJHVWLRQDVSLUDWLRQ
,QFDVHRIFRQVXPSWLRQLQODUJHTXDQWLWLHVLWLVUHFRPPHQGHGWRVHHNPHGLFDODVVLVWDQFH
0RVWLPSRUWDQWV\PSWRPVDQGHIIHFWVERWKDFXWHDQGGHOD\HG
$FXWHDQGGHOD\HGHIIHFWVDUHLQGLFDWHGLQVHFWLRQVDQG
,QGLFDWLRQRIDQ\LPPHGLDWHPHGLFDODWWHQWLRQDQGVSHFLDOWUHDWPHQWQHHGHG
1RQDSSOLFDEOH
6(&7,21),5(),*+7,1*0($685(6
([WLQJXLVKLQJPHGLD
3URGXFWLVQRQIODPPDEOHORZULVNRIILUHE\WKHLQIODPPDELOLW\FKDUDFWHULVWLFVRIWKHSURGXFWLQQRUPDOFRQGLWLRQVRIVWRUDJH
PDQLSXODWLRQDQGXVH,QWKHFDVHRIWKHH[LVWHQFHRIVXVWDLQHGFRPEXVWLRQDVDUHVXOWRILPSURSHUPDQLSXODWLRQVWRUDJHRUXVH
DQ\W\SHRIH[WLQJXLVKLQJDJHQWFDQEHXVHG$%&3RZGHUZDWHU
6SHFLDOKD]DUGVDULVLQJIURPWKHVXEVWDQFHRUPL[WXUH
'XHWRLWVQRQIODPPDEOHQDWXUHWKHSURGXFWGRHVQRWSUHVHQWDILUHULVNXQGHUQRUPDOFRQGLWLRQVRIVWRUDJHPDQLSXODWLRQDQG
XVH
$GYLFHIRUILUHILJKWHUV
'HSHQGLQJRQWKHPDJQLWXGHRIWKHILUHLWPD\EHQHFHVVDU\WRXVHIXOOSURWHFWLYHFORWKLQJDQGLQGLYLGXDOUHVSLUDWRU\HTXLSPHQW
0LQLPXPHPHUJHQF\IDFLOLWLHVDQGHTXLSPHQWVKRXOGEHDYDLODEOHILUHEODQNHWVSRUWDEOHILUVWDLGNLWLQDFFRUGDQFHZLWK
'LUHFWLYH(&
$GGLWLRQDOSURYLVLRQV
$FWLQDFFRUGDQFHZLWKWKH,QWHUQDO(PHUJHQF\3ODQDQGWKH,QIRUPDWLRQ6KHHWVRQDFWLRQVWRWDNHDIWHUDQDFFLGHQWRURWKHU
HPHUJHQFLHV'HVWUR\DQ\VRXUFHRILJQLWLRQ,QFDVHRIILUHUHIULJHUDWHWKHVWRUDJHFRQWDLQHUVDQGWDQNVIRUSURGXFWVVXVFHSWLEOH
WRLQIODPPDWLRQH[SORVLRQRU%/(9(DVDUHVXOWRIKLJKWHPSHUDWXUHV$YRLGVSLOODJHRIWKHSURGXFWVXVHGWRH[WLQJXLVKWKHILUH
LQWRDQDTXHRXVPHGLXP
6(&7,21$&&,'(17$/5(/($6(0($685(6
3HUVRQDOSUHFDXWLRQVSURWHFWLYHHTXLSPHQWDQGHPHUJHQF\SURFHGXUHV
,VRODWHOHDNVSURYLGHGWKDWWKHUHLVQRDGGLWLRQDOULVNIRUWKHSHRSOHSHUIRUPLQJWKLVWDVN
(QYLURQPHQWDOSUHFDXWLRQV
7KLVSURGXFWLVQRWFODVVLILHGDVKD]DUGRXVWRWKHHQYLURQPHQW.HHSSURGXFWDZD\IURPGUDLQVVXUIDFHDQGXQGHUJURXQGZDWHU
0HWKRGVDQGPDWHULDOIRUFRQWDLQPHQWDQGFOHDQLQJXS
,WLVUHFRPPHQGHG
$EVRUEWKHVSLOODJHXVLQJVDQGRULQHUWDEVRUEHQWDQGPRYHLWWRDVDIHSODFH'RQRWDEVRUELQVDZGXVWRURWKHUFRPEXVWLEOH
DEVRUEHQWV)RUDQ\FRQFHUQUHODWHGWRGLVSRVDOFRQVXOWVHFWLRQ
5HIHUHQFHWRRWKHUVHFWLRQV
6HHVHFWLRQVDQG
6(&7,21+$1'/,1*$1'6725$*(
3UHFDXWLRQVIRUVDIHKDQGOLQJ
$ 3UHFDXWLRQVIRUVDIHPDQLSXODWLRQ
&RPSO\ZLWKWKHFXUUHQWOHJLVODWLRQFRQFHUQLQJWKHSUHYHQWLRQRILQGXVWULDOULVNV.HHSFRQWDLQHUVKHUPHWLFDOO\VHDOHG&RQWURO
VSLOOVDQGUHVLGXHVGHVWUR\LQJWKHPZLWKVDIHPHWKRGVVHFWLRQ$YRLGOHDNDJHVIURPWKHFRQWDLQHU0DLQWDLQRUGHUDQG
FOHDQOLQHVVZKHUHGDQJHURXVSURGXFWVDUHXVHG
% 7HFKQLFDOUHFRPPHQGDWLRQVIRUWKHSUHYHQWLRQRIILUHVDQGH[SORVLRQV
,WLVUHFRPPHQGHGWRWUDQVIHUDWDVORZVSHHGWRDYRLGWKHFUHDWLRQRIHOHFWURVWDWLFFKDUJHVWKDWFRXOGDIIHFWIODPPDEOH
SURGXFWV&RQVXOWVHFWLRQIRUFRQGLWLRQVDQGPDWHULDOVWKDWVKRXOGEHDYRLGHG
& 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHUJRQRPLFDQGWR[LFRORJLFDOULVNV
'RQRWHDWRUGULQNGXULQJWKHSURFHVVZDVKLQJKDQGVDIWHUZDUGVZLWKVXLWDEOHFOHDQLQJSURGXFWV
&217,18('211(;73$*(
%,2/$%26$65HDJHQW3DFN,6(5()53,6(
53,6(
6(&7,21+$1'/,1*$1'6725$*(FRQWLQXH
' 7HFKQLFDOUHFRPPHQGDWLRQVWRSUHYHQWHQYLURQPHQWDOULVNV
,WLVQRWQHFHVVDU\WRWDNHVSHFLDOPHDVXUHVWRSUHYHQWHQYLURQPHQWDOULVNV)RUPRUHLQIRUPDWLRQVHHVXEVHFWLRQ
&RQGLWLRQVIRUVDIHVWRUDJHLQFOXGLQJDQ\LQFRPSDWLELOLWLHV
$ 7HFKQLFDOPHDVXUHVIRUVWRUDJH
6WRUHLQDFRROGU\ZHOOYHQWLODWHGORFDWLRQ
% *HQHUDOFRQGLWLRQVIRUVWRUDJH
$YRLGVRXUFHVRIKHDWUDGLDWLRQVWDWLFHOHFWULFLW\DQGFRQWDFWZLWKIRRG)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ
6SHFLILFHQGXVHV
([FHSWIRUWKHLQVWUXFWLRQVDOUHDG\VSHFLILHGLWLVQRWQHFHVVDU\WRSURYLGHDQ\VSHFLDOUHFRPPHQGDWLRQUHJDUGLQJWKHXVHVRIWKLV
SURGXFW
6(&7,21(;32685(&21752/63(5621$/3527(&7,21
&RQWUROSDUDPHWHUV
6XEVWDQFHVZKRVHRFFXSDWLRQDOH[SRVXUHOLPLWVKDYHWREHPRQLWRUHGLQWKHZRUNHQYLURQPHQW
7KHUHDUHQRHQYLURQPHQWDOOLPLWVIRUWKHVXEVWDQFHVFRQWDLQHGLQWKHSURGXFW
([SRVXUHFRQWUROV
$ *HQHUDOVHFXULW\DQGK\JLHQHPHDVXUHVLQWKHZRUNSODFH
$VDSUHYHQWDWLYHPHDVXUHLWLVUHFRPPHQGHGWRXVHEDVLF3HUVRQDO3URWHFWLRQ(TXLSPHQWZLWKWKHFRUUHVSRQGLQJ&(
PDUNLQJ!!LQDFFRUGDQFHZLWK'LUHFWLYH(&)RUPRUHLQIRUPDWLRQRQ3HUVRQDO3URWHFWLRQ(TXLSPHQWVWRUDJHXVH
FOHDQLQJPDLQWHQDQFHFODVVRISURWHFWLRQ«FRQVXOWWKHLQIRUPDWLRQOHDIOHWSURYLGHGE\WKHPDQXIDFWXUHU)RUPRUH
LQIRUPDWLRQVHHVXEVHFWLRQ
$OOLQIRUPDWLRQFRQWDLQHGKHUHLQLVDUHFRPPHQGDWLRQZKLFKQHHGVVRPHVSHFLILFDWLRQIURPWKHODERXUULVNSUHYHQWLRQVHUYLFHV
DVLWLVQRWNQRZQZKHWKHUWKHFRPSDQ\KDVDGGLWLRQDOPHDVXUHVDWLWVGLVSRVDO
% 5HVSLUDWRU\SURWHFWLRQ
7KHXVHRISURWHFWLRQHTXLSPHQWZLOOEHQHFHVVDU\LIDPLVWIRUPVRULIWKHSURIHVVLRQDOH[SRVXUHOLPLWVDUHH[FHHGHG
& 6SHFLILFSURWHFWLRQIRUWKHKDQGV
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
5HSODFHJORYHVLQFDVHRIDQ\VLJQRIGDPDJH)RU
SURORQJHGSHULRGVRIH[SRVXUHWRWKHSURGXFWIRU
3URWHFWLYHJORYHVDJDLQVW
SURIHVVLRQDOXVHUVLQGXVWULDOVZHUHFRPPHQGXVLQJ
PLQRUULVNV
&(,,,JORYHVLQOLQHZLWKVWDQGDUGV(1DQG(1
0DQGDWRU\KDQG
SURWHFWLRQ
' 2FXODUDQGIDFLDOSURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
&OHDQGDLO\DQGGLVLQIHFWSHULRGLFDOO\DFFRUGLQJWR
3DQRUDPLFJODVVHVDJDLQVW (1
WKHPDQXIDFWXUHUVLQVWUXFWLRQV8VHLIWKHUHLVD
OLTXLGVSODVK (1,62
ULVNRIVSODVKLQJ
0DQGDWRU\IDFH
SURWHFWLRQ
( %RGLO\SURWHFWLRQ
3LFWRJUDP 33( /DEHOOLQJ &(16WDQGDUG 5HPDUNV
:RUNFORWKLQJ )RUSURIHVVLRQDOXVHRQO\
) $GGLWLRQDOHPHUJHQF\PHDVXUHV
,WLVQRWQHFHVVDU\WRWDNHDGGLWLRQDOHPHUJHQF\PHDVXUHV
&217,18('211(;73$*(
%,2/$%26$65HDJHQW3DFN,6(5()53,6(
53,6(
6(&7,21(;32685(&21752/63(5621$/3527(&7,21FRQWLQXH
(QYLURQPHQWDOH[SRVXUHFRQWUROV
,QDFFRUGDQFHZLWKWKHFRPPXQLW\OHJLVODWLRQIRUWKHSURWHFWLRQRIWKHHQYLURQPHQWLWLVUHFRPPHQGHGWRDYRLGHQYLURQPHQWDO
VSLOODJHRIERWKWKHSURGXFWDQGLWVFRQWDLQHU)RUDGGLWLRQDOLQIRUPDWLRQVHHVXEVHFWLRQ'
6(&7,213+<6,&$/$1'&+(0,&$/3523(57,(6
,QIRUPDWLRQRQEDVLFSK\VLFDODQGFKHPLFDOSURSHUWLHV
)RUFRPSOHWHLQIRUPDWLRQVHHWKHSURGXFWGDWDVKHHW
$SSHDUDQFH
3K\VLFDOVWDWHDW& /LTXLG
$SSHDUDQFH 1RWDYDLODEOH
&RORU 1RWDYDLODEOH
2GRU 1RWDYDLODEOH
9RODWLOLW\
%RLOLQJSRLQWDWDWPRVSKHULFSUHVVXUH 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 1RQDSSOLFDEOH
9DSRXUSUHVVXUHDW& 3DN3D
(YDSRUDWLRQUDWHDW& 1RQDSSOLFDEOH
3URGXFWGHVFULSWLRQ
'HQVLW\DW& NJPñ
5HODWLYHGHQVLW\DW&
'\QDPLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
.LQHPDWLFYLVFRVLW\DW& 1RQDSSOLFDEOH
&RQFHQWUDWLRQ 1RQDSSOLFDEOH
S+ 1RQDSSOLFDEOH
9DSRXUGHQVLW\DW& 1RQDSSOLFDEOH
3DUWLWLRQFRHIILFLHQWQRFWDQROZDWHU& 1RQDSSOLFDEOH
6ROXELOLW\LQZDWHUDW& 1RQDSSOLFDEOH
6ROXELOLW\SURSHUWLHV 1RQDSSOLFDEOH
'HFRPSRVLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
0HOWLQJSRLQWIUHH]LQJSRLQW 1RQDSSOLFDEOH
)ODPPDELOLW\
)ODVK3RLQW 1RQ)ODPPDEOH!&
$XWRLJQLWLRQWHPSHUDWXUH 1RQDSSOLFDEOH
/RZHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
8SSHUIODPPDELOLW\OLPLW 1RQDSSOLFDEOH
2WKHULQIRUPDWLRQ
6XUIDFHWHQVLRQDW& 1RQDSSOLFDEOH
5HIUDFWLRQLQGH[ 1RQDSSOLFDEOH
1RWUHOHYDQWGXHWRWKHQDWXUHRIWKHSURGXFWQRWSURYLGLQJLQIRUPDWLRQSURSHUW\RILWVKD]DUGV
6(&7,2167$%,/,7<$1'5($&7,9,7<
5HDFWLYLW\
1RKD]DUGRXVUHDFWLRQVDUHH[SHFWHGEHFDXVHWKHSURGXFWLVVWDEOHXQGHUUHFRPPHQGHGVWRUDJHFRQGLWLRQV6HHVHFWLRQ
&KHPLFDOVWDELOLW\
&217,18('211(;73$*(
%,2/$%26$65HDJHQW3DFN,6(5()53,6(
53,6(
6(&7,2167$%,/,7<$1'5($&7,9,7<FRQWLQXH
&KHPLFDOO\VWDEOHXQGHUWKHFRQGLWLRQVRIVWRUDJHKDQGOLQJDQGXVH
3RVVLELOLW\RIKD]DUGRXVUHDFWLRQV
8QGHUWKHVSHFLILHGFRQGLWLRQVKD]DUGRXVUHDFWLRQVWKDWOHDGWRH[FHVVLYHWHPSHUDWXUHVRUSUHVVXUHDUHQRWH[SHFWHG
&RQGLWLRQVWRDYRLG
$SSOLFDEOHIRUKDQGOLQJDQGVWRUDJHDWURRPWHPSHUDWXUH
6KRFNDQGIULFWLRQ &RQWDFWZLWKDLU ,QFUHDVHLQWHPSHUDWXUH 6XQOLJKW +XPLGLW\
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH
,QFRPSDWLEOHPDWHULDOV
$FLGV :DWHU &RPEXVWLYHPDWHULDOV &RPEXVWLEOHPDWHULDOV 2WKHUV
1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH 1RWDSSOLFDEOH $YRLGDONDOLVRUVWURQJEDVHV
+D]DUGRXVGHFRPSRVLWLRQSURGXFWV
6HHVXEVHFWLRQDQGWRILQGRXWWKHVSHFLILFGHFRPSRVLWLRQSURGXFWV'HSHQGLQJRQWKHGHFRPSRVLWLRQFRQGLWLRQV
FRPSOH[PL[WXUHVRIFKHPLFDOVXEVWDQFHVFDQEHUHOHDVHGFDUERQGLR[LGH&2FDUERQPRQR[LGHDQGRWKHURUJDQLF
FRPSRXQGV
6(&7,2172;,&2/2*,&$/,1)250$7,21
,QIRUPDWLRQRQWR[LFRORJLFDOHIIHFWV
/'RUDO!PJNJUDW
'DQJHURXVKHDOWKLPSOLFDWLRQV
,QFDVHRIH[SRVXUHWKDWLVUHSHWLWLYHSURORQJHGRUDWFRQFHQWUDWLRQVKLJKHUWKDQUHFRPPHQGHGE\WKHRFFXSDWLRQDOH[SRVXUH
OLPLWVLWPD\UHVXOWLQDGYHUVHHIIHFWVRQKHDOWKGHSHQGLQJRQWKHPHDQVRIH[SRVXUH
$ ,QJHVWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
% ,QKDODWLRQ
$FXWHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RUURVLYLW\,UULWDELOLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
& &RQWDFWZLWKWKHVNLQDQGWKHH\HV
&RQWDFWZLWKWKHVNLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&RQWDFWZLWKWKHH\HV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
' &05HIIHFWVFDUFLQRJHQLFLW\PXWDJHQLFLW\DQGWR[LFLW\WRUHSURGXFWLRQ
&DUFLQRJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
0XWDJHQLFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
5HSURGXFWLYHWR[LFLW\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
( 6HQVLWL]LQJHIIHFWV
5HVSLUDWRU\%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
&XWDQHRXV%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
) 6SHFLILFWDUJHWRUJDQWR[LFLW\6727WLPHH[SRVXUH
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
* 6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH
6SHFLILFWDUJHWRUJDQWR[LFLW\6727UHSHDWHGH[SRVXUH%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
6NLQ%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
+ $VSLUDWLRQKD]DUG
%DVHGRQDYDLODEOHGDWDWKHFODVVLILFDWLRQFULWHULDDUHQRWPHW
2WKHULQIRUPDWLRQ
1RQDSSOLFDEOH
6SHFLILFWR[LFRORJ\LQIRUPDWLRQRQWKHVXEVWDQFHV
1RWDYDLODEOH
&217,18('211(;73$*(
%,2/$%26$65HDJHQW3DFN,6(5()53,6(
53,6(
6(&7,21(&2/2*,&$/,1)250$7,21
7KHH[SHULPHQWDOLQIRUPDWLRQUHODWHGWRWKHHFRWR[LFRORJLFDOSURSHUWLHVRIWKHSURGXFWLWVHOILVQRWDYDLODEOH
7R[LFLW\
1RWDYDLODEOH
3HUVLVWHQFHDQGGHJUDGDELOLW\
1RWDYDLODEOH
%LRDFFXPXODWLYHSRWHQWLDO
1RWDYDLODEOH
0RELOLW\LQVRLO
1RWDYDLODEOH
5HVXOWVRI3%7DQGY3Y%DVVHVVPHQW
1RQDSSOLFDEOH
2WKHUDGYHUVHHIIHFWV
1RWGHVFULEHG
6(&7,21',6326$/&216,'(5$7,216
:DVWHWUHDWPHQWPHWKRGV
:DVWHFODVV5HJXODWLRQ(81R
&RGH 'HVFULSWLRQ
'LVFDUGHGFKHPLFDOVRWKHUWKDQWKRVHPHQWLRQHGLQRU 1RQGDQJHURXV
6(&7,2175$163257,1)250$7,21
7KLVSURGXFWLVQRWUHJXODWHGIRUWUDQVSRUW$'55,',0'*,$7$
6(&7,215(*8/$725<,1)250$7,21
6DIHW\KHDOWKDQGHQYLURQPHQWDOUHJXODWLRQVOHJLVODWLRQVSHFLILFIRUWKHVXEVWDQFHRUPL[WXUH
&DQGLGDWHVXEVWDQFHVIRUDXWKRULVDWLRQXQGHUWKH5HJXODWLRQ(&5($&+1RQDSSOLFDEOH
6XEVWDQFHVLQFOXGHGLQ$QQH[;,9RI5($&+$XWKRULVDWLRQ/LVWDQGVXQVHWGDWH1RQDSSOLFDEOH
5HJXODWLRQ(&DERXWVXEVWDQFHVWKDWGHSOHWHWKHR]RQHOD\HU1RQDSSOLFDEOH
$UWLFOH5(*8/$7,21(81R1RQDSSOLFDEOH
5(*8/$7,21(81RLQUHODWLRQWRWKHLPSRUWDQGH[SRUWRIKD]DUGRXVFKHPLFDOSURGXFWV1RQDSSOLFDEOH
/LPLWDWLRQVWRFRPPHUFLDOLVDWLRQDQGWKHXVHRIFHUWDLQGDQJHURXVVXEVWDQFHVDQGPL[WXUHV$QQH[;9,,5($&+
1RQDSSOLFDEOH
6SHFLILFSURYLVLRQVLQWHUPVRISURWHFWLQJSHRSOHRUWKHHQYLURQPHQW
,WLVUHFRPPHQGHGWRXVHWKHLQIRUPDWLRQLQFOXGHGLQWKLVVDIHW\GDWDVKHHWDVGDWDXVHGLQDULVNHYDOXDWLRQRIWKHORFDO
FLUFXPVWDQFHVLQRUGHUWRHVWDEOLVKWKHQHFHVVDU\ULVNSUHYHQWLRQPHDVXUHVIRUWKHPDQLSXODWLRQXVHVWRUDJHDQGGLVSRVDORIWKLV
SURGXFW
&217,18('211(;73$*(
%,2/$%26$65HDJHQW3DFN,6(5()53,6(
53,6(
6(&7,215(*8/$725<,1)250$7,21FRQWLQXH
2WKHUOHJLVODWLRQ
7KHSURGXFWFRXOGEHDIIHFWHGE\VHFWRULDOOHJLVODWLRQ
&KHPLFDOVDIHW\DVVHVVPHQW
7KHVXSSOLHUKDVQRWFDUULHGRXWHYDOXDWLRQRIFKHPLFDOVDIHW\
6(&7,2127+(5,1)250$7,21
/HJLVODWLRQUHODWHGWRVDIHW\GDWDVKHHWV
7KLVVDIHW\GDWDVKHHWKDVEHHQGHVLJQHGLQDFFRUGDQFHZLWK$11(;,,*XLGHWRWKHFRPSLODWLRQRIVDIHW\GDWDVKHHWVRI
5HJXODWLRQ(&15HJXODWLRQ(815HJXODWLRQ(&1
0RGLILFDWLRQVUHODWHGWRWKHSUHYLRXVVHFXULW\FDUGZKLFKFRQFHUQVWKHZD\VRIPDQDJLQJULVNV
1RQDSSOLFDEOH
7H[WVRIWKHOHJLVODWLYHSKUDVHVPHQWLRQHGLQVHFWLRQ
7KHSKUDVHVLQGLFDWHGGRQRWUHIHUWRWKHSURGXFWLWVHOIWKH\DUHSUHVHQWPHUHO\IRULQIRUPDWLYHSXUSRVHVDQGUHIHUWRWKH
LQGLYLGXDOFRPSRQHQWVZKLFKDSSHDULQVHFWLRQ
'LUHFWLYH(&DQG'LUHFWLYH(&
1RQDSSOLFDEOH
&/35HJXODWLRQ(&Q
1RQDSSOLFDEOH
&ODVVLILFDWLRQSURFHGXUH
1RQDSSOLFDEOH
$GYLFHUHODWHGWRWUDLQLQJ
0LQLPDOWUDLQLQJLVUHFRPPHQGHGWRSUHYHQWLQGXVWULDOULVNVIRUVWDIIXVLQJWKLVSURGXFWLQRUGHUWRIDFLOLWDWHWKHLUFRPSUHKHQVLRQ
DQGLQWHUSUHWDWLRQRIWKLVVDIHW\GDWDVKHHWDVZHOODVWKHODEHORQWKHSURGXFW
3ULQFLSDOELEOLRJUDSKLFDOVRXUFHV
KWWSHVLVMUFHFHXURSDHX
KWWSHFKDHXURSDHX
KWWSHXUOH[HXURSDHX
$EEUHYLDWLRQVDQGDFURQ\PV
$'5(XURSHDQDJUHHPHQWFRQFHUQLQJWKHLQWHUQDWLRQDOFDUULDJHRIGDQJHURXVJRRGVE\URDG
,0'*,QWHUQDWLRQDOPDULWLPHGDQJHURXVJRRGVFRGH
,$7$,QWHUQDWLRQDO$LU7UDQVSRUW$VVRFLDWLRQ
,&$2,QWHUQDWLRQDO&LYLO$YLDWLRQ2UJDQLVDWLRQ
&2'&KHPLFDO2[\JHQ'HPDQG
%2'GD\ELRFKHPLFDOR[\JHQGHPDQG
%&)%LRFRQFHQWUDWLRQIDFWRU
/'/HWKDO'RVH
&//HWKDO&RQFHQWUDWLRQ
(&(IIHFWLYHFRQFHQWUDWLRQ
/RJ32:2FWDQRO±ZDWHUSDUWLWLRQFRHIILFLHQW
.RF3DUWLWLRQFRHIILFLHQWRIRUJDQLFFDUERQ
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV VDIHW\ GDWD VKHHW LV EDVHG RQ VRXUFHV WHFKQLFDO NQRZOHGJH DQG FXUUHQW OHJLVODWLRQ DW (XURSHDQ DQG VWDWH OHYHO ZLWKRXW EHLQJ DEOH WR JXDUDQWHH LWV DFFXUDF\ 7KLV
LQIRUPDWLRQ FDQQRW EH FRQVLGHUHG D JXDUDQWHH RI WKH SURSHUWLHV RI WKH SURGXFW LW LV VLPSO\ D GHVFULSWLRQ RI WKH VHFXULW\ UHTXLUHPHQWV 7KH RFFXSDWLRQDO PHWKRGRORJ\ DQG FRQGLWLRQV IRU XVHUV RI WKLV
SURGXFW DUH QRW ZLWKLQ RXU DZDUHQHVV RU FRQWURO DQG LW LV XOWLPDWHO\ WKH UHVSRQVLELOLW\ RI WKH XVHU WR WDNH WKH QHFHVVDU\ PHDVXUHV WR REWDLQ WKH OHJDO UHTXLUHPHQWV FRQFHUQLQJ WKH PDQLSXODWLRQ
VWRUDJH XVH DQG GLVSRVDO RI FKHPLFDO SURGXFWV 7KH LQIRUPDWLRQ RQ WKLV VDIHW\ GDWD VKHHW RQO\ UHIHUV WR WKLV SURGXFW ZKLFK VKRXOG QRW EH XVHG IRU QHHGV RWKHU WKDQ WKRVH VSHFLILHG
(1'2)6$)(7<'$7$6+((7