ACCESS
This website and the information, tools
and material contained in it (this "Site") are not directed at, or
intended for distribution to or use by, any person or entity who is
a citizen or resident of or located in any jurisdiction where such
distribution, publication, availability or use would be contrary to
applicable law or regulation or which would subject N. Hahn & Co.,
Inc. and/or its subsidiaries or affiliates, if any (collectively,
"N. Hahn") to any registration or licensing requirement within such
jurisdiction.
NO OFFER
The information, tools and material
presented in this Site are provided to you for informational
purposes only and are not to be used or considered as an offer or a
solicitation to sell or an offer or solicitation to buy or subscribe
for securities or other financial instruments, nor to constitute any
advice or recommendation with respect to such securities or other
financial instruments. The Site's contents may not be reproduced in
whole or in part or otherwise be made available without the prior
written consent of N. Hahn. Information and opinions presented
in this Site have been obtained or derived from sources believed by
N. Hahn to be reliable, but N. Hahn makes no representation as to
their accuracy or completeness. N. Hahn accepts no liability
for any loss arising from the use of the material presented in this
Site.
N. Hahn may, to the extent permitted by applicable law and/or
regulation, participate or invest in financing transactions with the
issuer(s) of the securities referred to in this Site, perform
services for or solicit business from such issuers, and/or have a
position or holding, or other material interest or effect
transactions in such securities or options thereon or investments
related thereto. N. Hahn may, to the extent permitted by
applicable law and/or regulation, act upon or use the information or
opinions presented on this Site, or the research or analysis on
which they are based, before the material is published. N.
Hahn may have, within the last three years, served as manager or
co-manager of an offering of securities for any or all of the
entities referred to on this Site or may be providing, or have
provided within the previous 12 months, significant advice or
investment services in relation to the investment concerned or a
related investment. Additional information is, subject to
duties of confidentiality, available on request. Some
investments referred to on this Site will be offered solely by a
single entity and in the case of some investments solely by N. Hahn,
or an associate of N. Hahn.
DISCLAIMER OF WARRANTIES
Past performance should not be taken as an
indication or guarantee of future performance, and no representation
or warranty, express or implied, is made regarding future
performance. Opinions and/or estimates reflect a judgment at
the original date of publication by N. Hahn and are subject to
change without notice. The price of, value of and income from
any of the securities or financial instruments mentioned in this
Site can fall as well as rise. Foreign currency-denominated
securities and financial instruments are subject to fluctuations in
exchange rates that may have a positive or adverse effect on the
value, price or income of such securities or financial instruments.
Investors in securities, the values of which are influenced by
currency volatility, effectively assume this risk.
Structured securities are complex instruments, typically involve a
high degree of risk and are intended for sale only to sophisticated
investors who are capable of understanding and assuming the risks
involved. The market value of any structured security may be
affected by changes in economic, financial and political factors
(including, but not limited to, spot and forward interest and
exchange rates), time to maturity, market conditions and volatility
and the credit quality of any issuer or reference issuer. Any
investor interested in purchasing a structured product should
conduct its own investigation and analysis of the product and
consult with its own professional advisers as to the risks involved
in making such a purchase.
Some investments discussed on this Site may have a high level of
volatility. High volatility investments may experience sudden
and large falls in their value causing losses when that investment
is realised. Those losses may equal your original investment.
Indeed, in the case of some investments the potential losses may
exceed the amount of initial investment and, in such circumstances,
you may be required to pay more money to support those losses.
Income yields from investments may fluctuate and, in consequence,
initial capital paid to make the investment may be used as part of
that income yield. Some investments may not be readily realisable
and it may be difficult to sell or realise those investments.
Similarly it may prove difficult for you to obtain reliable
information about the value, or risks, to which such an investment
is exposed.
This Site is subject to periodic update and revision.
Materials should only be considered current as of the date of
initial publication appearing thereon, without regard to the date on
which you may access the information. N. Hahn maintains the
right to delete or modify information on this Site without prior
notice.
N. Hahn may have issued other reports that are inconsistent with,
and reach different conclusions from, the information presented in
this Site. Those reports reflect the different assumptions,
views and analytical methods of the analysts who prepared them and
N. Hahn is under no obligation to ensure that such reports are
brought to your attention.
N. HAHN HEREBY EXPRESSLY DISCLAIMS, TO THE EXTENT PERMITTED BY
APPLICABLE LAW AND/OR REGULATION, ALL WARRANTIES, EXPRESS, STATUTORY
OR IMPLIED, REGARDING THE SITE AND ANY RESULTS TO BE OBTAINED FROM
THE USE OF THE SITE, INCLUDING BUT NOT LIMITED TO ALL WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR USE AND ALL
WARRANTIES ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING
AND/OR USAGE OF TRADE OR THEIR EQUIVALENTS UNDER THE APPLICABLE LAWS
AND/OR REGULATIONS OF ANY JURISDICTION. N. HAHN DOES NOT
WARRANT OR GUARANTEE THE ACCURACY, TIMELINESS, SUITABILITY,
COMPLETENESS OR AVAILABILITY OF THIS SITE OR THE INFORMATION OR
RESULTS OBTAINED FROM USE OF THIS SITE, OR THAT THIS SITE OR THE
INFORMATION OR RESULTS WILL BE FREE FROM ERROR.
UNDER NO CIRCUMSTANCES AND UNDER NO THEORY OF ANY APPLICABLE LAW
AND/OR REGULATION, TORT, CONTRACT, STRICT LIABILITY OR OTHERWISE,
SHALL N. HAHN BE LIABLE TO ANYONE FOR ANY DAMAGES RESULTING FROM
ACCESS TO OR USE OF OR INABILITY TO ACCESS OR USE THIS SITE
REGARDLESS OF WHETHER THEY ARE DIRECT, INDIRECT, SPECIAL,
INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY CHARACTER, INCLUDING
DAMAGES FOR TRADING LOSSES OR LOST PROFITS, OR FOR ANY CLAIM OR
DEMAND BY ANY THIRD PARTY, EVEN IF N. HAHN KNEW OR HAD REASON TO
KNOW OF THE POSSIBILITY OF SUCH DAMAGES, CLAIM OR DEMAND.
DISTRIBUTION
The information, tools, and material
presented in this Site are made available in the United States by N.
Hahn & Co., Inc. Non-U.S. customers wishing to effect a
transaction in the U.S. should contact a representative at N. Hahn &
Co., Inc. in the U.S. unless forbidden by governing law to do so.
U.S. customers wishing to effect a transaction should do so only by
contacting a representative at N. Hahn & Co., Inc. in the U.S.
Recipients who are not market professional or institutional investor
customers of N. Hahn should seek the advice of their independent
financial adviser prior to taking any investment decision based on
this report or for any necessary explanation of its contents.
N. Hahn will not treat users of this Site as its clients by virtue
of them accessing it. The investments and services contained
or referred to in this Site may not be suitable for you and it is
recommended that you consult an independent investment adviser if
you are in doubt about such investments or investment services.
Nothing in this Site constitutes investment, legal, accounting or
tax advice, or a representation that any investment or strategy is
suitable or appropriate to your individual circumstances, or
otherwise constitutes a personal recommendation to you. N.
Hahn does not advise on the tax consequences of investments and you
are advised to contact an independent tax adviser. Please note
in particular that the bases and levels of taxation may change.
COPYRIGHT AND TRADEMARK
All material presented on this Site,
unless specifically indicated otherwise, is under copyright to N.
Hahn. The material is freely downloadable for browsing
purposes only. None of the material, nor its content, nor any
copy of it, may be altered in any way, transmitted to, copied or
distributed to any other party, without the prior express written
permission of N. Hahn. All trademarks, service marks and logos
used on this Site are trademarks or service marks or registered
trademarks or service marks of N. Hahn.
LINKED SITES
We may provide addresses or hyperlinks which lead you out of
this Site. Except to the extent to which the Site refers to N.
Hahn's own Web site material, N. Hahn has not reviewed any such
sites which link to this Site or to which this Site links, and is
not responsible for the content of any other Web sites or pages
linked to or linking from this Site. Such addresses or
hyperlinks (including addresses or hyperlinks to N. Hahn's own Web
site material) are provided solely for your convenience and
information. Accessing such Web sites or following such links
to any other Web sites or pages shall be at your own risk.