Principal protected structured investments are appropriate for conservative investors seeking market exposure with principal preservation. These products typically offer full principal protection at maturity with additional return based on the performance of an underlying asset or group or assets.

Investors may forfeit some upside exposure to an underlying asset in exchange for principal protection. With a variety of structures and complexities available, principal protected investments can help manage portfolio risk while maintaining appropriate exposure to the market.

Return of principal may not be obtained if the investment is sold prior to maturity. In addition, the investor may receive a lower return than a direct investment in the underlying security.

Principal protection and payment at maturity is subject to the credit risk of the issuer.

RELATED SALES LITERATURE

Fact Cards
Principal Protected Notes (PPNs)
Market Participation Deposits (MPDs)