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The information, statements and specifications (the information) contained on this website is intended solely for the personal use of persons residing in Germany and may not be distributed outside Germany. The following web pages are subject to German law. Reference is made to special selling restrictions applicable in other jurisdictions. In particular financial instruments may not be offered in the United States of America nor to US-persons (as defined in the United States Securities Act of 1933). Reference is also made to selling and distribution regulations in the respective jurisdictions.

The following information is intended exclusively for information purposes and does not constitute a solicitation or offer, or recommendation, to buy or sell securities or other financial instruments. The information may simplify a decision made independently by a client but is not intended to be used as a substitute for investment advice. The information neither provides for a basis for any contractual or otherwise obligation nor substitute a legal- and / or tax advise. The information contained on the following pages are based on publicly accessible sources which we deem to be reliable. We cannot guarantee the correctness, completeness or topicality of the statements made and no statement on this website may be construed as such a guarantee. However we assume no liability for its accuracy, completeness and topicality. Investment decisions should be made exclusively on the basis of information contained in a securities prospectus.

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