*(Q[2LO6HUYLFLQJ

QG 1RYHPEHU

*(35235,(7$5<,1)250$7,21
7KH LQIRUPDWLRQ FRQWDLQHG LQ WKLV GRFXPHQW LV *( SURSULHWDU\ LQIRUPDWLRQ DQG LV GLVFORVHG LQ FRQILGHQFH ,W LV WKH SURSHUW\ RI *(
DQG VKDOO QRW EH XVHG GLVFORVHG WR RWKHUV RU UHSURGXFHG ZLWKRXW WKH H[SUHVV ZULWWHQ FRQVHQW RI *( LQFOXGLQJ EXW ZLWKRXW
OLPLWDWLRQ LW LV QRW WR EH XVHG LQ WKH FUHDWLRQ PDQXIDFWXUH GHYHORSPHQW RU GHULYDWLRQ RI DQ\ UHSDLUV PRGLILFDWLRQV VSDUH SDUWV
GHVLJQV RU FRQILJXUDWLRQ FKDQJHV RU WR REWDLQ )$$ RU DQ\ RWKHU JRYHUQPHQW RU UHJXODWRU\ DSSURYDO WR GR VR ,I FRQVHQW LV JLYHQ IRU
UHSURGXFWLRQ LQ ZKROH RU LQ SDUW WKLV QRWLFH DQG WKH QRWLFH VHW IRUWK RQ HDFK SDJH RI WKLV GRFXPHQW VKDOO DSSHDU LQ DQ\ VXFK
UHSURGXFWLRQ LQ ZKROH RU LQ SDUW
7KLV WHFKQLFDO GDWD LV FRQVLGHUHG ,7$5 DQGRU ($5 FRQWUROOHG SXUVXDQW WR  &)5 3DUW  DQG  &)5 3DUWV 
UHVSHFWLYHO\ 7UDQVIHU RI WKLV GDWD E\ DQ\ PHDQV WR D 1RQ86 3HUVRQ ZKHWKHU LQ WKH 8QLWHG 6WDWHV RU DEURDG ZLWKRXW WKH SURSHU
86 *RYHUQPHQW DXWKRUL]DWLRQ HJ /LFHQVH H[HPSWLRQ 1/5 HWF  LV VWULFWO\ SURKLELWHG
%DFNJURXQG
7KHHQJLQHRLOVHUYLFLQJLVGHILQHGLQWKH$00
)RUWKHLWLVLQ7$6.

68%7$6.
 )LOOWKHHQJLQHRLOWDQNZLWKFOHDQRLO'>&@
D 0RQLWRUDQGPDLQWDLQWKHFRUUHFWRLOOHYHOLQWKHVFXSSHUDV\RXDGGRLO
127(<RXZLOOPD[LPL]HWKHUDWHDWZKLFKWKHRLOIORZVLQWRWKHRLOWDQNLI\RXPDLQWDLQ
WKHFRUUHFWRLOOHYHOLQWKHVFXSSHUZKHQ\RXDGGRLO7KHVFXSSHUKDVDTXLFNILOO
IHDWXUHWKDWDOORZVWKHRLOWRIORZVPRRWKO\ZKHQLWLVDWWKHFRUUHFWOHYHO
127(0DNHVXUHWKDW\RXDGGWKHRLOVORZO\,I\RXILOOWKHWDQNWRRTXLFNO\WKHRLOFDQ
VSLOO,WFDQDOVRLQFRUUHFWO\FDXVH\RXWRWKLQNWKDWWKHWDQNLVIXOO
127(,WZLOOWDNHDSSUR[LPDWHO\TXDUWV OLWHUV WRILOODQHPSW\RLOWDQN
127(7KHHQJLQHZLOONHHSVRPHYROXPHRIRLOLQWKHEHDULQJVXPSVDFFHVVRU\
JHDUER[DQGOXEHDQGVFDYHQJHOLQHVDIWHUWKHHQJLQHVKXWGRZQRUWKHGU\RUZHW
PRWRULQJSURFHGXUH


*(3URSULHWDU\,QIRUPDWLRQVXEMHFWWR *($YLDWLRQ
UHVWULFWLRQVRQWKHFRYHURUILUVWSDJH WK 1RYHPEHU
%DFNJURXQG FRQWG
7KH)LJXUH >6KHHWRI@
 DWWKHHQGRI$00
WDVNLVLQWHQGHG
WRLOOXVWUDWHWKHSURFHGXUH
2LOLVSRXUHGLQWRWKHVFXSSHUDWD
UDWHWKDWPDLQWDLQVWKHOHYHO
VKRZQDV±PDLQWDLQDILOOUDWHWR
WKLVOHYHO²
2QFHWKHOHYHOLQFUHDVHVFHDVHVWR
PDLQWDLQWKHILOOUDWHOHYHODQG
FRPHVXSWRWKH±IXOOILOOOHYHO²WKHQ
RLOVKRXOGQRORQJHUEHSRXUHGLQ
DQGWKHHQJLQHRLOWDQN
FRQVLGHUHGIXOO\VHUYLFHG


*(3URSULHWDU\,QIRUPDWLRQVXEMHFWWR *($YLDWLRQ
UHVWULFWLRQVRQWKHFRYHURUILUVWSDJH WK 1RYHPEHU
1RWHV
2LOWDQNGLSVWLFNUHFRUGVTXDUWVEHORZWKHIXOOOHYHO
)XOORLOWDQNLVa¯ TXDUWV OHIWULJKW
2LOOHYHOFDQGHFUHDVHWRTXDUWVGXULQJHQJLQHVWDUWWDNHRII
DQGFOLPE UHIHUUHGWRDVJXOSLQJ±DQGLVQRUPDO
2LOOHYHOZLOOUHFRYHUDWFUXLVHSRZHURUJUHDWHUWRDQHW±JXOS²RI
aTXDUWV$OO±JXOSHG²RLOZLOOUHWXUQWRWKHWDQNDWVKXWGRZQ
0D[LPXPQRUPDORLOFRQVXPSWLRQUDWHLVTXDUWVSHUKRXU
*(UHFRPPHQGDWLRQLVWRWRSRIIWKHRLOWDQN


*(3URSULHWDU\,QIRUPDWLRQVXEMHFWWR *($YLDWLRQ
UHVWULFWLRQVRQWKHFRYHURUILUVWSDJH WK 1RYHPEHU
1RWHV FRQWG
1RIOLJKWGHFNDFWLRQEDVHGRQLQGLFDWHGRLOWDQNOHYHOEXW
• (,&$6PDJHQWDRUUHYHUVHGLVSOD\IRUYDOLGRLOTXDQWLW\OHVV
WKDQTXDUWV
• (,&$6EODQNLIRLOTXDQWLW\OHVVWKDQ]HURRXWRIUDQJH
2LOSUHVVXUHSUREOHPSRVVLEOHLIWDQNTXDQWLW\OHVVWKDQ]HUREXW
• 6WDUWLQJZLWKDWRSSHGRIIRLOWDQNDQGXVLQJWKHPD[LPXP
QRUPDORLOFRQVXPSWLRQUDWHRITXDUWVSHUKRXUWKH
PLQLPXPFDOFXODWHGIOLJKWUDQJHLVKRXUV
LHWKHRLOWDQNTXDQWLW\ZRXOGQRWLQGLFDWHOHVVWKDQ]HURHYHQ
ZLWKWKH±JXOSLQJ²HIIHFW
7KHUHLVQRRLOWDQNTXDQWLW\OLPLWIRU±QRGLVSDWFK²EXWWRDYRLGD
SRVVLEOHRLOSUHVVXUHSUREOHP*(UHFRPPHQGVDPLQLPXPOHYHO
RITXDUWV

*(3URSULHWDU\,QIRUPDWLRQVXEMHFWWR *($YLDWLRQ
UHVWULFWLRQVRQWKHFRYHURUILUVWSDJH WK 1RYHPEHU
&RPPHQWVUHFHLYHG
2LOVHUYLFLQJYLDD±ILOOWRVSLOO²W\SHWHFKQLTXHFDQEHPHVV\
• 6FXSSHUGUDLQOLQHUXQVGRZQH[LWVZLWKLQWKHIDQFRZO
2LOVHUYLFLQJFDQEHVORZHYHQWKRXJKWKHUHLVD±TXLFNILOO²IODS
• 'HVLJQLPSURYHPHQWIRUWKHILOOHUFDSLQSURFHVV
2LOVHUYLFLQJLVQRWDIWHUHYHU\IOLJKW¯ PXOWLSOHOHJVPD\EHIORZQ
SULRUWRWKHWDQNEHLQJWRSSHGRII
(,&$6GLVSOD\FDQEHXVHGWRGHWHUPLQHRLOVHUYLFLQJQHHG
• 1RWHSULQWRLOTXDQWLW\GLVSOD\HG ZLWKLQDVKRUWWLPHRI
HQJLQHVKXWGRZQ ¯ PLQXWHV DQGXVHWKLVLQIRUPDWLRQWR
WRSXSWKHWDQNWRDVSHFLILFOHYHO


*(3URSULHWDU\,QIRUPDWLRQVXEMHFWWR *($YLDWLRQ
UHVWULFWLRQVRQWKHFRYHURUILUVWSDJH WK 1RYHPEHU
&RPPHQWVUHFHLYHG FRQWG
7KHVSHFLILFOHYHOIRURLOVHUYLFLQJFRXOGEHGHWHUPLQHGIRU
H[DPSOHDVIROORZV
• 1RWHWKH(,&$6RLOOHYHOLQGLFDWLRQDIWHUDWDQNKDVEHHQIXOO\
VHUYLFHG YLDWKH±ILOOWRVSLOO²PHWKRGRUWRDFOHDULQGLFDWLRQ
OHYHORQWKHGLSVWLFN DQGXVHWKLV(,&$6LQGLFDWLRQDVWKHILOO
±EHQFKPDUN²IRUVXEVHTXHQWRLOVHUYLFLQJ
127(
$±EHQFKPDUN²LQGLFDWLRQOHYHOIRURLOVHUYLFLQJFRXOGEH
HVWDEOLVKHGIRUHDFKHQJLQHSRVLWLRQDVWKHUHODWLYHRLOWDQN
DWWLWXGHGRHVYDU\DOLWWOHIURPOHIWWRULJKWDFURVVWKHZLQJ
+RZHYHUDVLQJOH±EHQFKPDUN²OHYHOIRURLOVHUYLFLQJFRXOGEH
XVHGDVWKHYDULDWLRQE\HQJLQHSRVLWLRQVKRXOGQRWEHPRUHWKDQ
¯ TXDUWV

*(3URSULHWDU\,QIRUPDWLRQVXEMHFWWR *($YLDWLRQ
UHVWULFWLRQVRQWKHFRYHURUILUVWSDJH WK 1RYHPEHU