Following completion of the merger of UBS AG and Credit Suisse AG, Credit Suisse AG's business was transferred to UBS AG, and Credit Suisse AG ceased to exist. At this time however, the two entities did not operationally merge and, as a result, we continue to have two sets of operational infrastructure and processes during this transitionary period.

Consequently UBS AG is now the sole parent entity and all direct subsidiaries of Credit Suisse AG have become direct subsidiaries of UBS AG, and all branches of Credit Suisse AG have been absorbed into existing or established as new branches of UBS AG (as the case may be). As such, Credit Suisse AG's branches have been renamed as UBS Branches, with the exceptions of Credit Suisse AG, Taipei Securities Branch and Credit Suisse AG Shanghai Branch. 

Hong Kong SAR (China)

Preliminary Confirmation/ Valuation Statement Disclaimer:

Errors and Omissions excepted: This is not an official UBSAG confirmation / valuation statement and it is provided for information purpose only. The terms contained in any official UBSAG confirmation and statement will supersede any conflicting information herein.

Investment Disclaimer:
The information herein is for the recipient's information only and is not an offer or invitation to sell or to buy any securities. It was obtained or derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions fair and reasonable, UBSAG does not represent that it is accurate or complete and it should not be relied upon as such. All opinions expressed and facts referred to herein are subject to change without notice. UBSAG provides no guarantee with regard to the content and completeness of the information herein and does not accept any fiduciary obligations or liability for losses which might arise from use of this information. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling securities. Past performance is not a guarantee of future results. Investors should make their own appraisal of the risks and should consult to the extent necessary their own legal, financial, tax, accounting and other professional advisors, to ensure that any decision made is suitable with regards to their circumstances and financial position. Unless stated otherwise, please refer to the Schedule of Charges and Sales Disclosure Notice- Section C Hong Kong Sales Disclosure Notice on sales related information including information on monetary benefits received by UBSAG and/or any of its affiliates (up to 1% of the nominal / allocation amount) for distributing an investment product to you.

US Treasury Bonds:
Securities issued by the US government are exempt from the Securities Act registration requirements, including delivery of a prospectus.

Hong Kong Deposit Protection Scheme Disclaimer:
Please note that any deposit placed or held with any UBS branch located outside Hong Kong is not protected by the Hong Kong Deposit Protection Scheme (defined in the Deposit Protection Scheme Ordinance (Cap. 581 of the Laws of Hong Kong)).

If you have any queries/objections relating to the receipt of marketing materials from us, please contact your UBS representative or the contact details listed in the Singapore, Hong Kong or Australia's Privacy Notice: https://www.ubs.com/global/en/legal/privacy.html

au/en/legal/disclaimer-email-pb.html