<SEC-DOCUMENT>0001564590-19-043371.txt : 20191114
<SEC-HEADER>0001564590-19-043371.hdr.sgml : 20191114
<ACCEPTANCE-DATETIME>20191114080711
ACCESSION NUMBER:		0001564590-19-043371
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20191113
FILED AS OF DATE:		20191114
DATE AS OF CHANGE:		20191114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Itau Unibanco Holding S.A.
		CENTRAL INDEX KEY:			0001132597
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15276
		FILM NUMBER:		191216413

	BUSINESS ADDRESS:	
		STREET 1:		PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
		STREET 2:		TORRE AE, 3 ANDAR, CEP 04344-902
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			00000
		BUSINESS PHONE:		55-11-5019-1723

	MAIL ADDRESS:	
		STREET 1:		PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
		STREET 2:		TORRE AE, 3 ANDAR, CEP 04344-902
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Itau Unibanco Banco Multiplo S.A.
		DATE OF NAME CHANGE:	20090226

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO ITAU HOLDING FINANCEIRA S A
		DATE OF NAME CHANGE:	20030319

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO ITAU SA
		DATE OF NAME CHANGE:	20010117
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>itub-6k_20191113.htm
<DESCRIPTION>6-K
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
itub-6k_20191113.htm
</title>
</head>
<!-- NG Converter v5.0.19273.161 -->
<body>

<p style="border-top:Solid 0.75pt #000000;padding-top:0pt;text-align:center;margin-top:1pt;line-height:1pt;margin-bottom:0pt;text-indent:0%;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-top:1pt;line-height:1pt;margin-bottom:0pt;text-indent:0%;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">UNITED STATES</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:4pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SECURITIES AND EXCHANGE COMMISSION </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Washington, D.C. 20549 </p>
<p style="margin-top:12pt;text-align:center;border-bottom:Solid 1pt;padding-bottom:1pt;line-height:4pt;margin-bottom:0pt;margin-left:42.86%;margin-right:42.86%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FORM 6-K </p>
<p style="margin-top:12pt;text-align:center;border-bottom:Solid 1pt;padding-bottom:1pt;line-height:4pt;margin-bottom:0pt;margin-left:42.86%;margin-right:42.86%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Report of Foreign Issuer </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to Rule 13a-16 or 15d-16 of </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">the Securities Exchange Act of 1934 </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">For the month of November, 2019 </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Commission File Number: 001-15276 </p>
<p style="margin-top:12pt;text-align:center;border-bottom:Solid 1pt;padding-bottom:1pt;line-height:4pt;margin-bottom:0pt;margin-left:42.86%;margin-right:42.86%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:24pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Ita&#250; Unibanco Holding S.A. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Exact name of registrant as specified in its charter) </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:24pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Ita&#250; Unibanco Holding S.A. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Translation of Registrant&#8217;s Name into English) </p>
<p style="margin-top:12pt;text-align:center;border-bottom:Solid 1pt;padding-bottom:1pt;line-height:4pt;margin-bottom:0pt;margin-left:42.86%;margin-right:42.86%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Pra&#231;a Alfredo Egydio de Souza Aranha, 100-Torre Conceicao </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">CEP 04344-902 S&#227;o Paulo, SP, Brazil </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Address of principal executive office) </p>
<p style="margin-top:12pt;text-align:center;border-bottom:Solid 1pt;padding-bottom:1pt;line-height:4pt;margin-bottom:0pt;margin-left:42.86%;margin-right:42.86%;text-indent:0%;font-size:6pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Form 20-F&#160;&#160;<font style="font-family:Segoe UI Symbol;">&#9746;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form 40-F&#160;&#160;<font style="font-family:Segoe UI Symbol;">&#9744;</font> </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Yes&#160;&#160;<font style="font-family:Segoe UI Symbol;">&#9744;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No&#160;&#160;<font style="font-family:Segoe UI Symbol;">&#9746;</font> </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Yes&#160;&#160;<font style="font-family:Segoe UI Symbol;">&#9744;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No&#160;&#160;<font style="font-family:Segoe UI Symbol;">&#9746;</font> </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Yes&#160;&#160;<font style="font-family:Segoe UI Symbol;">&#9744;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No&#160;&#160;<font style="font-family:Segoe UI Symbol;">&#9746;</font> </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">82&#8211;<font style="text-decoration:underline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> </p>
<p style="margin-top:10pt;border-top:Solid 0.75pt #000000;padding-top:0pt;text-align:center;line-height:1pt;margin-bottom:0pt;text-indent:0%;font-size:4pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;border-top:Solid 1pt;padding-top:1pt;margin-top:1pt;line-height:1pt;margin-bottom:0pt;text-indent:0%;font-size:4pt;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EXHIBIT INDEX </font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td style="width:6%;"></td>
<td style="width:94%;"></td>
</tr>
<tr>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">99.1</p></td>
<td valign="bottom" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Announcement to the Market</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:18pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;<font style="font-size:12pt;margin-left:36pt;">&#160;</font></p>
<p style="margin-bottom:0pt;margin-top:13pt;text-indent:0%;font-size:1pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:0pt;margin-top:13pt;text-indent:0%;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><font style="font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SIGNATURES </p>
<p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </p>
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date: November 13, 2019. </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:24pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;">
<tr>
<td style="width:39%;"></td>
<td style="width:7.8%;"></td>
<td style="width:5.53%;"></td>
<td style="width:8.68%;"></td>
<td style="width:39%;"></td>
</tr>
<tr>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:24pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td colspan="3" valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Ita&#250; Unibanco Holding S.A </p></td>
</tr>
<tr style="height:12pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td colspan="2" valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt; border-bottom:solid 0.75pt transparent;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt; border-bottom:solid 0.75pt transparent;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style=" border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:</p></td>
<td colspan="2" valign="top"  style=" border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/&#160;&#160;&#160;&#160;Alexsandro Broedel&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name:</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Alexsandro Broedel</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="bottom"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title:</p></td>
<td valign="bottom" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Group Executive Finance Director</p>
<p style="margin-bottom:1pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and Head of Investor Relations</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td colspan="2" valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="bottom"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr style="height:12pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td colspan="2" valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt; border-bottom:solid 0.75pt transparent;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt; border-bottom:solid 0.75pt transparent;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style=" border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:</p></td>
<td colspan="2" valign="top"  style=" border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/&#160;&#160;&#160;&#160;Milton Maluhy Filho&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name:</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Milton Maluhy Filho</p></td>
</tr>
<tr>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="bottom"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="padding-left:7.2pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="line-height:2pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="bottom" >
<p style="margin-bottom:1pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title:</p></td>
<td valign="bottom" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chief Financial Officer</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:1pt;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1</a></p></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>itub-ex991_6.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
itub-ex991_6.htm
</title>
</head>
<!-- NG Converter v5.0.19273.161 -->
<body>

<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 99.1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:1pt;margin-left:17.66%;margin-right:17.42%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-size:24pt;font-family:Times New Roman;">I</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;">TA&#218;</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;letter-spacing:-0.4pt;"> </font><font style="font-weight:bold;font-size:24pt;font-family:Times New Roman;letter-spacing:0.05pt;">U</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;">NIB</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;letter-spacing:0.1pt;">A</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;">NCO</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;letter-spacing:-0.8pt;"> </font><font style="font-weight:bold;font-size:24pt;font-family:Times New Roman;letter-spacing:0.05pt;">H</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;">OL</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;letter-spacing:0.05pt;">DI</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;">NG</font><font style="font-weight:bold;font-size:19pt;font-family:Times New Roman;letter-spacing:-0.65pt;"> </font><font style="font-weight:bold;font-size:24pt;font-family:Times New Roman;">S.</font><font style="font-weight:bold;font-size:24pt;font-family:Times New Roman;letter-spacing:-0.05pt;">A</font><font style="font-weight:bold;font-size:24pt;font-family:Times New Roman;">.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:2pt;margin-left:1.12%;margin-right:0.82%;text-indent:0%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">CN<font style="letter-spacing:0.15pt;">P</font>J<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:0.05pt;">60</font><font style="letter-spacing:-0.1pt;">.</font><font style="letter-spacing:0.05pt;">8</font><font style="letter-spacing:-0.05pt;">7</font><font style="letter-spacing:0.05pt;">2</font><font style="letter-spacing:-0.1pt;">.</font><font style="letter-spacing:0.05pt;">5</font><font style="letter-spacing:-0.05pt;">0</font><font style="letter-spacing:0.05pt;">4</font>/<font style="letter-spacing:-0.05pt;">0</font><font style="letter-spacing:0.05pt;">0</font><font style="letter-spacing:-0.05pt;">0</font><font style="letter-spacing:0.1pt;">1</font>-<font style="letter-spacing:-0.05pt;">2</font>3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <font style="letter-spacing:1.95pt;"> </font>C<font style="letter-spacing:0.05pt;">o</font><font style="letter-spacing:-0.15pt;">m</font><font style="letter-spacing:0.05pt;">p</font><font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.05pt;">nh</font>ia <font style="letter-spacing:-0.15pt;">A</font><font style="letter-spacing:0.05pt;">b</font><font style="letter-spacing:-0.05pt;">e</font>rta&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <font style="letter-spacing:1.8pt;"> </font>NIRE<font style="letter-spacing:0.05pt;"> 3</font><font style="letter-spacing:-0.05pt;">5</font><font style="letter-spacing:0.05pt;">3</font><font style="letter-spacing:-0.05pt;">0</font><font style="letter-spacing:0.05pt;">0</font><font style="letter-spacing:-0.05pt;">0</font><font style="letter-spacing:0.05pt;">1</font><font style="letter-spacing:-0.05pt;">0</font><font style="letter-spacing:0.05pt;">2</font><font style="letter-spacing:-0.05pt;">3</font>0</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:8pt;text-indent:0%;font-size:8.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:28.75%;margin-right:28.48%;text-indent:0%;font-weight:bold;font-size:16pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Ann<font style="letter-spacing:0.05pt;">o</font>unc<font style="letter-spacing:0.1pt;">e</font><font style="letter-spacing:-0.1pt;">m</font>e<font style="letter-spacing:0.1pt;">n</font>t<font style="letter-spacing:-1.05pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:0.05pt;">Ma</font><font style="letter-spacing:0.1pt;">r</font><font style="letter-spacing:-0.1pt;">k</font><font style="letter-spacing:0.1pt;">e</font>t</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:6pt;text-indent:0%;font-size:6pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:33.29%;margin-right:32.99%;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">T<font style="letter-spacing:0.05pt;">i</font>er<font style="letter-spacing:-0.15pt;"> </font>2<font style="letter-spacing:0.05pt;"> </font>S<font style="letter-spacing:-0.05pt;">u</font><font style="letter-spacing:-0.15pt;">b</font><font style="letter-spacing:0.05pt;">o</font>rd<font style="letter-spacing:-0.05pt;">i</font>n<font style="letter-spacing:0.05pt;">a</font><font style="letter-spacing:-0.1pt;">t</font>ed<font style="letter-spacing:-0.1pt;"> N</font><font style="letter-spacing:0.05pt;">o</font>tes</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:0.41%;text-indent:0%;font-size:12pt;font-family:Times New Roman;letter-spacing:-0.15pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">I<font style="letter-spacing:0.1pt;">T</font>A&#218;<font style="letter-spacing:0.05pt;"> </font>U<font style="letter-spacing:0.05pt;">N</font>IBA<font style="letter-spacing:-0.05pt;">N</font>CO<font style="letter-spacing:0.1pt;"> HO</font>L<font style="letter-spacing:0.2pt;">D</font>ING<font style="letter-spacing:0.05pt;"> S</font>.A.<font style="letter-spacing:0.1pt;"> </font>(<font style="letter-spacing:0.1pt;">&#8220;</font>Compa<font style="letter-spacing:0.2pt;">n</font><font style="letter-spacing:-0.1pt;">y</font><font style="letter-spacing:-0.05pt;">&#8221;</font>)<font style="letter-spacing:0.1pt;"> </font>h<font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:-0.1pt;">e</font><font style="letter-spacing:0.25pt;">b</font>y <font style="letter-spacing:-0.05pt;">a</font>nnoun<font style="letter-spacing:-0.05pt;">ce</font>s<font style="letter-spacing:0.1pt;"> </font>to<font style="letter-spacing:0.15pt;"> </font>i<font style="letter-spacing:0.05pt;">t</font>s<font style="letter-spacing:0.1pt;"> </font>stockhold<font style="letter-spacing:-0.05pt;">e</font>rs<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>nd<font style="letter-spacing:0.1pt;"> </font>to<font style="letter-spacing:0.15pt;"> </font>the ma<font style="letter-spacing:-0.05pt;">r</font>k<font style="letter-spacing:-0.05pt;">e</font>t<font style="letter-spacing:-0.45pt;"> </font>that<font style="letter-spacing:-0.5pt;"> </font>tod<font style="letter-spacing:0.1pt;">a</font>y<font style="letter-spacing:-0.7pt;"> </font>it<font style="letter-spacing:-0.4pt;"> </font>pri<font style="letter-spacing:-0.05pt;">c</font><font style="letter-spacing:0.05pt;">e</font>d<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.05pt;">fe</font>ring<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>Ti<font style="letter-spacing:0.05pt;">e</font>r<font style="letter-spacing:-0.5pt;"> </font>2<font style="letter-spacing:-0.5pt;"> </font>subordin<font style="letter-spacing:-0.05pt;">a</font>ted<font style="letter-spacing:-0.5pt;"> </font>notes<font style="letter-spacing:-0.5pt;"> </font>(<font style="letter-spacing:-0.1pt;">&#8220;</font>Not<font style="letter-spacing:-0.05pt;">e</font><font style="letter-spacing:0.1pt;">s</font><font style="letter-spacing:-0.05pt;">&#8221;</font>)<font style="letter-spacing:-0.5pt;"> </font>with<font style="letter-spacing:-0.45pt;"> </font>te<font style="letter-spacing:0.1pt;">n-</font><font style="letter-spacing:-0.25pt;">y</font><font style="letter-spacing:0.05pt;">e</font><font style="letter-spacing:-0.05pt;">a</font>r<font style="letter-spacing:-0.5pt;"> </font>matu<font style="letter-spacing:-0.05pt;">r</font>i<font style="letter-spacing:0.3pt;">t</font>y in<font style="letter-spacing:0.25pt;"> </font>the<font style="letter-spacing:0.2pt;"> </font>to<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">a</font>l<font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>mount<font style="letter-spacing:0.25pt;"> </font>of<font style="letter-spacing:0.05pt;"> </font>US$<font style="letter-spacing:0.35pt;"> </font>750<font style="letter-spacing:0.25pt;"> </font>mi<font style="letter-spacing:0.05pt;">l</font><font style="letter-spacing:-0.1pt;">l</font>ion<font style="letter-spacing:0.25pt;"> </font>to<font style="letter-spacing:0.25pt;"> </font>be<font style="letter-spacing:0.05pt;"> </font>is<font style="letter-spacing:0.05pt;">s</font>u<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:0.1pt;">b</font>y the<font style="letter-spacing:0.2pt;"> </font>Compa<font style="letter-spacing:0.2pt;">n</font>y<font style="letter-spacing:0.1pt;"> </font>on<font style="letter-spacing:0.45pt;"> </font>Nov<font style="letter-spacing:-0.05pt;">e</font>mber<font style="letter-spacing:0.2pt;"> </font>21,<font style="letter-spacing:0.25pt;"> </font>2019 (&#8220;Issua<font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.05pt;">ce</font><font style="letter-spacing:0.05pt;">&#8221;</font>).</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:0.41%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Not<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:0.05pt;"> </font>will<font style="letter-spacing:0.1pt;"> </font>be is<font style="letter-spacing:0.05pt;">s</font>u<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>t<font style="letter-spacing:0.1pt;"> </font>a fi<font style="letter-spacing:0.1pt;">x</font><font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:0.05pt;"> </font>r<font style="letter-spacing:-0.1pt;">a</font>te<font style="letter-spacing:0.05pt;"> </font>of<font style="letter-spacing:0.2pt;"> </font>4.5% <font style="letter-spacing:0.1pt;">w</font>hich<font style="letter-spacing:0.05pt;"> </font>will<font style="letter-spacing:0.1pt;"> </font>be <font style="letter-spacing:-0.05pt;">a</font>ppl<font style="letter-spacing:0.05pt;">i</font><font style="letter-spacing:-0.05pt;">ca</font>ble<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:0.1pt;">u</font>nt<font style="letter-spacing:0.05pt;">i</font>l<font style="letter-spacing:0.1pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>fi<font style="letter-spacing:-0.05pt;">f</font>th<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>nnive<font style="letter-spacing:-0.05pt;">r</font>s<font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.2pt;">r</font>y of<font style="letter-spacing:0.05pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>d<font style="letter-spacing:-0.05pt;">a</font>te<font style="letter-spacing:0.05pt;"> </font>of<font style="letter-spacing:0.05pt;"> </font>is<font style="letter-spacing:0.05pt;">s</font>u<font style="letter-spacing:-0.05pt;">e</font>.<font style="letter-spacing:0.15pt;"> </font>As<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">o</font>f<font style="letter-spacing:0.05pt;"> </font>th<font style="letter-spacing:0.05pt;">i</font>s<font style="letter-spacing:0.1pt;"> </font>d<font style="letter-spacing:-0.05pt;">a</font>te,<font style="letter-spacing:0.05pt;"> </font>including i<font style="letter-spacing:0.05pt;">t</font>, <font style="letter-spacing:-0.1pt;">t</font>he<font style="letter-spacing:0.05pt;"> </font>in<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:-0.1pt;">e</font>st<font style="letter-spacing:0.15pt;"> </font>r<font style="letter-spacing:-0.1pt;">a</font>te<font style="letter-spacing:0.05pt;"> </font>will<font style="letter-spacing:0.15pt;"> </font>be<font style="letter-spacing:0.05pt;"> </font>r<font style="letter-spacing:-0.1pt;">e</font><font style="letter-spacing:-0.05pt;">ca</font>lcul<font style="letter-spacing:-0.05pt;">a</font>ted<font style="letter-spacing:0.05pt;"> </font>for<font style="letter-spacing:0.05pt;"> </font>five<font style="letter-spacing:0.05pt;"> </font>more <font style="letter-spacing:-0.25pt;">y</font><font style="letter-spacing:0.05pt;">ea</font>rs<font style="letter-spacing:1.4pt;"> </font>b<font style="letter-spacing:-0.05pt;">a</font>s<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:1.45pt;"> </font>on<font style="letter-spacing:1.45pt;"> </font>the<font style="letter-spacing:1.4pt;"> </font>in<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">e</font><font style="letter-spacing:0.05pt;">r</font><font style="letter-spacing:-0.05pt;">e</font>st<font style="letter-spacing:1.45pt;"> </font>r<font style="letter-spacing:-0.1pt;">a</font>te<font style="letter-spacing:1.4pt;"> </font>for<font style="letter-spacing:1.35pt;"> </font>s<font style="letter-spacing:-0.05pt;">ec</font><font style="letter-spacing:0.1pt;">u</font>rities<font style="letter-spacing:1.6pt;"> </font>is<font style="letter-spacing:0.05pt;">s</font>u<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:0.1pt;">b</font>y<font style="letter-spacing:1.2pt;"> </font>the<font style="letter-spacing:1.4pt;"> </font>United<font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:0.05pt;">S</font>tat<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:1.45pt;"> </font>T<font style="letter-spacing:-0.05pt;">rea</font>su<font style="letter-spacing:0.2pt;">r</font>y<font style="letter-spacing:1.2pt;"> </font>for<font style="letter-spacing:1.35pt;"> </font>the<font style="letter-spacing:1.4pt;"> </font>s<font style="letter-spacing:-0.05pt;">a</font>me p<font style="letter-spacing:-0.05pt;">e</font>riod.<font style="letter-spacing:0.1pt;"> </font>The<font style="letter-spacing:0.05pt;"> </font>is<font style="letter-spacing:0.05pt;">s</font><font style="letter-spacing:0.1pt;">u</font><font style="letter-spacing:-0.05pt;">a</font>n<font style="letter-spacing:-0.05pt;">c</font>e<font style="letter-spacing:0.2pt;"> </font>pri<font style="letter-spacing:0.05pt;">c</font>e<font style="letter-spacing:0.05pt;"> </font>of<font style="letter-spacing:0.05pt;"> </font>the<font style="letter-spacing:0.2pt;"> </font>Not<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:0.1pt;"> w</font><font style="letter-spacing:-0.05pt;">a</font>s<font style="letter-spacing:0.25pt;"> </font>100%<font style="letter-spacing:0.2pt;"> </font>of<font style="letter-spacing:0.05pt;"> </font>i<font style="letter-spacing:0.05pt;">t</font>s<font style="letter-spacing:0.1pt;"> </font>p<font style="letter-spacing:-0.05pt;">a</font>r<font style="letter-spacing:0.15pt;"> </font>v<font style="letter-spacing:-0.05pt;">a</font>lu<font style="letter-spacing:0.05pt;">e</font>,<font style="letter-spacing:0.2pt;"> </font>r<font style="letter-spacing:-0.1pt;">e</font>sul<font style="letter-spacing:0.05pt;">t</font>ing in<font style="letter-spacing:0.25pt;"> </font>a<font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.25pt;">y</font>ield<font style="letter-spacing:0.1pt;"> </font>to<font style="letter-spacing:0.1pt;"> </font>investo<font style="letter-spacing:0.1pt;">r</font>s of<font style="letter-spacing:-0.05pt;"> </font>4.5%<font style="letter-spacing:-0.05pt;"> </font>unt<font style="letter-spacing:0.05pt;">i</font>l <font style="letter-spacing:0.05pt;">t</font>he<font style="letter-spacing:-0.05pt;"> </font>fi<font style="letter-spacing:-0.05pt;">f</font>th a<font style="letter-spacing:0.1pt;">n</font>nive<font style="letter-spacing:-0.05pt;">r</font>s<font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.2pt;">r</font>y<font style="letter-spacing:-0.25pt;"> </font>of t<font style="letter-spacing:0.1pt;">h</font>e<font style="letter-spacing:-0.05pt;"> </font>d<font style="letter-spacing:-0.05pt;">a</font>te of<font style="letter-spacing:-0.05pt;"> </font>i<font style="letter-spacing:0.15pt;">s</font>su<font style="letter-spacing:-0.05pt;">e</font>.</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:0.41%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:-0.2pt;"> </font>Compa<font style="letter-spacing:0.1pt;">n</font>y<font style="letter-spacing:-0.35pt;"> </font>m<font style="letter-spacing:0.2pt;">a</font>y<font style="letter-spacing:-0.35pt;"> </font>r<font style="letter-spacing:-0.1pt;">e</font>p<font style="letter-spacing:0.1pt;">u</font><font style="letter-spacing:0.05pt;">r</font><font style="letter-spacing:-0.05pt;">c</font>h<font style="letter-spacing:-0.05pt;">a</font>se<font style="letter-spacing:-0.15pt;"> </font>the<font style="letter-spacing:-0.15pt;"> </font>Not<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:-0.1pt;"> </font>on<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.15pt;"> </font>f<font style="letter-spacing:0.05pt;">i</font>fth<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>nnive<font style="letter-spacing:-0.05pt;">r</font>s<font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.2pt;">r</font>y<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.15pt;"> </font>the <font style="letter-spacing:-0.2pt;">I</font>ss<font style="letter-spacing:0.2pt;">u</font><font style="letter-spacing:-0.05pt;">a</font>n<font style="letter-spacing:-0.05pt;">c</font>e<font style="letter-spacing:-0.15pt;"> </font>d<font style="letter-spacing:-0.05pt;">a</font>te,<font style="letter-spacing:-0.15pt;"> </font>subj<font style="letter-spacing:0.05pt;">e</font><font style="letter-spacing:-0.05pt;">c</font>t<font style="letter-spacing:-0.1pt;"> </font>to<font style="letter-spacing:-0.1pt;"> </font>the prior<font style="letter-spacing:-0.05pt;"> a</font>ppro<font style="letter-spacing:-0.05pt;">va</font>l <font style="letter-spacing:0.15pt;">o</font>f the<font style="letter-spacing:-0.05pt;"> </font>Bra<font style="letter-spacing:0.05pt;">z</font>i<font style="letter-spacing:0.05pt;">l</font>ian <font style="letter-spacing:-0.05pt;">a</font>uthorities, in<font style="letter-spacing:-0.05pt;">c</font>lud<font style="letter-spacing:-0.05pt;">i</font>ng the C<font style="letter-spacing:-0.05pt;">e</font>nt<font style="letter-spacing:0.1pt;">r</font><font style="letter-spacing:-0.05pt;">a</font>l <font style="letter-spacing:0.05pt;">B</font><font style="letter-spacing:-0.05pt;">a</font>nk of<font style="letter-spacing:0.05pt;"> </font>Br<font style="letter-spacing:-0.1pt;">a</font><font style="letter-spacing:0.05pt;">z</font>i<font style="letter-spacing:0.05pt;">l</font>.</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:0.41%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:-0.2pt;"> </font>Compa<font style="letter-spacing:0.1pt;">n</font>y<font style="letter-spacing:-0.35pt;"> </font>will<font style="letter-spacing:-0.1pt;"> </font>r<font style="letter-spacing:-0.1pt;">e</font>q<font style="letter-spacing:0.1pt;">u</font><font style="letter-spacing:0.05pt;">e</font>st<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>ppro<font style="letter-spacing:-0.05pt;">va</font>l<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.15pt;"> </font>the<font style="letter-spacing:-0.15pt;"> </font>C<font style="letter-spacing:-0.05pt;">e</font>ntr<font style="letter-spacing:-0.05pt;">a</font>l <font style="letter-spacing:-0.1pt;">B</font><font style="letter-spacing:-0.05pt;">a</font>nk<font style="letter-spacing:-0.1pt;"> </font>of <font style="letter-spacing:-0.1pt;">B</font><font style="letter-spacing:0.05pt;">r</font><font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.05pt;">z</font>il<font style="letter-spacing:-0.1pt;"> </font>for<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.15pt;"> </font>Not<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:-0.1pt;"> </font>to<font style="letter-spacing:-0.1pt;"> </font>be<font style="letter-spacing:-0.15pt;"> </font>includ<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:-0.1pt;"> </font>in<font style="letter-spacing:-0.1pt;"> </font>i<font style="letter-spacing:0.05pt;">t</font>s</p>
<p style="text-align:justify;margin-bottom:0pt;line-height:13pt;margin-top:0pt;margin-left:1.12%;margin-right:7.99%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">R<font style="letter-spacing:-0.05pt;">e</font><font style="letter-spacing:-0.1pt;">g</font>ulato<font style="letter-spacing:0.2pt;">r</font>y<font style="letter-spacing:-0.25pt;"> </font>C<font style="letter-spacing:-0.05pt;">a</font>pi<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">a</font>l<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>s Tier 2 C<font style="letter-spacing:-0.05pt;">a</font>pi<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">a</font>l, addi<font style="letter-spacing:0.1pt;">n</font>g<font style="letter-spacing:-0.1pt;"> </font>35 <font style="letter-spacing:0.1pt;">b</font>p<font style="letter-spacing:0.05pt;">s</font><font style="font-size:8pt;letter-spacing:-0.05pt;">(</font><font style="font-size:8pt;letter-spacing:0.05pt;">1</font><font style="font-size:8pt;">)</font><font style="font-size:8pt;letter-spacing:0.95pt;"> </font>to <font style="letter-spacing:0.05pt;">t</font>he<font style="letter-spacing:-0.05pt;"> </font>Compa<font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.25pt;">y</font>&#8217;s T<font style="letter-spacing:0.1pt;">i</font><font style="letter-spacing:-0.05pt;">e</font>r 2 <font style="letter-spacing:-0.05pt;">ca</font>pi<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">a</font>l<font style="letter-spacing:0.15pt;"> </font>r<font style="letter-spacing:-0.1pt;">a</font>t<font style="letter-spacing:0.05pt;">i</font>o.</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:0.41%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.3pt;">I</font>ssua<font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.05pt;">c</font>e is<font style="letter-spacing:0.1pt;"> </font>in<font style="letter-spacing:0.1pt;"> </font>l<font style="letter-spacing:0.05pt;">i</font>ne <font style="letter-spacing:0.1pt;">w</font>i<font style="letter-spacing:0.05pt;">t</font>h<font style="letter-spacing:0.05pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>Announ<font style="letter-spacing:-0.05pt;">ce</font>ment<font style="letter-spacing:0.05pt;"> </font>to<font style="letter-spacing:0.2pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>M<font style="letter-spacing:-0.05pt;">a</font>rk<font style="letter-spacing:-0.1pt;">e</font>t<font style="letter-spacing:0.3pt;"> </font>publ<font style="letter-spacing:0.05pt;">i</font>sh<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:0.1pt;"> </font>on<font style="letter-spacing:0.2pt;"> </font>Nov<font style="letter-spacing:-0.05pt;">e</font>mber 11,<font style="letter-spacing:0.05pt;"> </font>2019<font style="letter-spacing:0.15pt;"> </font>on the<font style="letter-spacing:0.05pt;"> </font>is<font style="letter-spacing:0.05pt;">s</font>ue<font style="letter-spacing:0.05pt;"> </font>of<font style="letter-spacing:0.05pt;"> </font>Ti<font style="letter-spacing:-0.05pt;">e</font>r 2<font style="letter-spacing:0.05pt;"> S</font>ubo<font style="letter-spacing:0.05pt;">r</font>dinat<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">F</font>ina<font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.05pt;">c</font>ial<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">B</font>i<font style="letter-spacing:0.05pt;">l</font>ls<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:0.05pt;">a</font>nd<font style="letter-spacing:0.1pt;"> </font>str<font style="letter-spacing:-0.05pt;">e</font>n<font style="letter-spacing:-0.1pt;">g</font>t<font style="letter-spacing:0.15pt;">h</font><font style="letter-spacing:-0.05pt;">e</font>ns<font style="letter-spacing:0.1pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>Compa<font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.25pt;">y</font><font style="letter-spacing:0.05pt;">&#8217;</font>s<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">c</font>om<font style="letter-spacing:0.05pt;">m</font>i<font style="letter-spacing:0.05pt;">t</font>ment<font style="letter-spacing:0.1pt;"> </font>to<font style="letter-spacing:0.1pt;"> </font>the opt<font style="letter-spacing:0.05pt;">i</font>m<font style="letter-spacing:0.05pt;">i</font><font style="letter-spacing:0.1pt;">z</font><font style="letter-spacing:-0.05pt;">a</font>t<font style="letter-spacing:0.05pt;">i</font>on of <font style="letter-spacing:-0.1pt;">i</font>ts c<font style="letter-spacing:-0.05pt;">a</font>pi<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">a</font>l s<font style="letter-spacing:0.05pt;">t</font>ru<font style="letter-spacing:-0.1pt;">c</font>ture.</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:0.41%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:-0.55pt;"> </font><font style="letter-spacing:-0.15pt;">I</font>ssuan<font style="letter-spacing:0.05pt;">c</font>e<font style="letter-spacing:-0.65pt;"> </font>is<font style="letter-spacing:-0.55pt;"> </font>not<font style="letter-spacing:-0.6pt;"> </font>subj<font style="letter-spacing:0.05pt;">e</font><font style="letter-spacing:-0.05pt;">c</font>t<font style="letter-spacing:-0.6pt;"> </font>to<font style="letter-spacing:-0.6pt;"> </font>re<font style="letter-spacing:-0.1pt;">g</font>is<font style="letter-spacing:0.05pt;">t</font>r<font style="letter-spacing:-0.1pt;">a</font>t<font style="letter-spacing:0.05pt;">i</font>on<font style="letter-spacing:-0.6pt;"> </font>with<font style="letter-spacing:-0.6pt;"> </font>U.S.<font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:0.05pt;">S</font><font style="letter-spacing:-0.05pt;">ec</font>urities<font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>nd<font style="letter-spacing:-0.6pt;"> </font>E<font style="letter-spacing:0.1pt;">x</font><font style="letter-spacing:-0.05pt;">c</font>h<font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.1pt;">g</font>e<font style="letter-spacing:-0.55pt;"> </font>Com<font style="letter-spacing:0.05pt;">m</font>is<font style="letter-spacing:0.25pt;">s</font>sion<font style="letter-spacing:-0.55pt;"> </font>(<font style="letter-spacing:-0.1pt;">&#8220;</font><font style="letter-spacing:0.05pt;">S</font>EC&#8221;<font style="letter-spacing:-0.05pt;">)</font>, <font style="letter-spacing:-0.05pt;">acc</font>ordi<font style="letter-spacing:0.1pt;">n</font>g to<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>nd<font style="letter-spacing:0.15pt;"> </font>und<font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:0.1pt;"> </font>the <font style="letter-spacing:0.05pt;">S</font><font style="letter-spacing:-0.05pt;">ec</font>urities<font style="letter-spacing:0.15pt;"> </font>A<font style="letter-spacing:-0.05pt;">c</font>t<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:0.1pt;">o</font>f 19<font style="letter-spacing:0.1pt;">3</font>3, <font style="letter-spacing:-0.05pt;">a</font>s<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.15pt;">m</font><font style="letter-spacing:-0.05pt;">e</font>nd<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:0.15pt;"> </font>(the<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">&#8220;</font><font style="letter-spacing:0.05pt;">S</font><font style="letter-spacing:-0.05pt;">e</font><font style="letter-spacing:0.05pt;">c</font>urities A<font style="letter-spacing:-0.05pt;">c</font>t&#8221;<font style="letter-spacing:-0.05pt;">)</font>,<font style="letter-spacing:0.15pt;"> </font>n<font style="letter-spacing:-0.05pt;">e</font>i<font style="letter-spacing:0.05pt;">t</font>h<font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:0.1pt;"> </font>it<font style="letter-spacing:0.05pt;"> </font>is subj<font style="letter-spacing:-0.05pt;">ec</font>t<font style="letter-spacing:-0.2pt;"> </font>to<font style="letter-spacing:-0.2pt;"> </font>re<font style="letter-spacing:-0.1pt;">g</font>is<font style="letter-spacing:0.05pt;">t</font>r<font style="letter-spacing:-0.1pt;">a</font>t<font style="letter-spacing:0.05pt;">i</font>on<font style="letter-spacing:-0.25pt;"> </font>in<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.1pt;">B</font>r<font style="letter-spacing:-0.1pt;">a</font><font style="letter-spacing:0.05pt;">z</font>il<font style="letter-spacing:-0.2pt;"> </font>with<font style="letter-spacing:-0.2pt;"> </font>Com<font style="letter-spacing:0.05pt;">i</font>ss&#227;o<font style="letter-spacing:-0.25pt;"> </font>de<font style="letter-spacing:-0.3pt;"> </font>V<font style="letter-spacing:-0.05pt;">a</font>lor<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:-0.25pt;"> </font>Mobil<font style="letter-spacing:0.05pt;">i</font><font style="letter-spacing:-0.05pt;">&#225;</font>rios<font style="letter-spacing:-0.25pt;"> </font>(<font style="letter-spacing:-0.1pt;">&#8220;</font><font style="letter-spacing:0.15pt;">C</font>VM<font style="letter-spacing:-0.05pt;">&#8221;</font>)<font style="letter-spacing:-0.3pt;"> </font>in<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.05pt;">c</font><font style="letter-spacing:-0.05pt;">c</font>ord<font style="letter-spacing:-0.1pt;">a</font><font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.05pt;">c</font>e<font style="letter-spacing:-0.3pt;"> </font>with <font style="letter-spacing:-0.05pt;">a</font>ppl<font style="letter-spacing:0.05pt;">i</font><font style="letter-spacing:-0.05pt;">ca</font>ble l<font style="letter-spacing:-0.05pt;">a</font>w<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>nd re<font style="letter-spacing:-0.1pt;">g</font>u<font style="letter-spacing:0.15pt;">l</font><font style="letter-spacing:-0.05pt;">a</font>t<font style="letter-spacing:0.05pt;">i</font>ons.</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:0.41%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:0.2pt;"> </font>Not<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:0.1pt;">w</font><font style="letter-spacing:-0.05pt;">e</font>re<font style="letter-spacing:0.25pt;"> </font>of<font style="letter-spacing:0.05pt;">f</font><font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:-0.1pt;">e</font>d<font style="letter-spacing:0.35pt;"> </font>on<font style="letter-spacing:0.15pt;">l</font>y to<font style="letter-spacing:0.25pt;"> </font>qu<font style="letter-spacing:-0.05pt;">a</font>l<font style="letter-spacing:0.05pt;">i</font>fi<font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:0.35pt;"> </font>ins<font style="letter-spacing:0.05pt;">t</font>i<font style="letter-spacing:0.05pt;">t</font>ut<font style="letter-spacing:-0.05pt;">i</font>on<font style="letter-spacing:-0.05pt;">a</font>l<font style="letter-spacing:0.25pt;"> </font>b<font style="letter-spacing:0.1pt;">u</font><font style="letter-spacing:-0.25pt;">y</font><font style="letter-spacing:0.05pt;">e</font>rs<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>s<font style="letter-spacing:0.25pt;"> </font>d<font style="letter-spacing:-0.05pt;">e</font>fi<font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.05pt;">e</font>d<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:0.1pt;">b</font>y<font style="letter-spacing:0.15pt;"> </font>Rule<font style="letter-spacing:0.2pt;"> </font>144A<font style="letter-spacing:0.35pt;"> </font>und<font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:0.3pt;"> </font>the <font style="letter-spacing:0.05pt;">S</font><font style="letter-spacing:-0.05pt;">ec</font>urities<font style="letter-spacing:1.45pt;"> </font>A<font style="letter-spacing:-0.05pt;">c</font>t,<font style="letter-spacing:1.55pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>nd<font style="letter-spacing:1.45pt;"> </font>to<font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:0.1pt;">n</font>o<font style="letter-spacing:0.1pt;">n</font><font style="letter-spacing:-0.05pt;">-</font>U.S.<font style="letter-spacing:1.45pt;"> </font>p<font style="letter-spacing:-0.05pt;">e</font>rsons<font style="letter-spacing:1.4pt;"> </font>outs<font style="letter-spacing:0.05pt;">i</font>de<font style="letter-spacing:1.5pt;"> </font>the<font style="letter-spacing:1.4pt;"> </font>United<font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:0.05pt;">S</font>tat<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:1.45pt;"> </font>un<font style="letter-spacing:0.1pt;">d</font><font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:1.5pt;"> </font>R<font style="letter-spacing:-0.05pt;">e</font><font style="letter-spacing:-0.1pt;">g</font>ulation<font style="letter-spacing:1.45pt;"> </font>S<font style="letter-spacing:1.45pt;"> </font>und<font style="letter-spacing:0.05pt;">e</font>r<font style="letter-spacing:1.4pt;"> </font>t<font style="letter-spacing:0.15pt;">h</font>e <font style="letter-spacing:0.05pt;">S</font><font style="letter-spacing:-0.05pt;">ec</font>urities A<font style="letter-spacing:-0.05pt;">c</font>t.</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:0.41%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>nnoun<font style="letter-spacing:-0.05pt;">ce</font>ment<font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:-0.2pt;"> </font>t<font style="letter-spacing:0.15pt;">h</font>e<font style="letter-spacing:-0.3pt;"> </font>ma<font style="letter-spacing:-0.05pt;">r</font><font style="letter-spacing:0.1pt;">k</font><font style="letter-spacing:-0.05pt;">e</font>t<font style="letter-spacing:-0.2pt;"> </font>sh<font style="letter-spacing:-0.05pt;">a</font>ll<font style="letter-spacing:-0.2pt;"> </font>not<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">c</font>onsti<font style="letter-spacing:0.15pt;">t</font>ute<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>n<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:0.1pt;">o</font>f<font style="letter-spacing:-0.05pt;">f</font><font style="letter-spacing:0.05pt;">e</font>r<font style="letter-spacing:-0.3pt;"> </font>to<font style="letter-spacing:-0.2pt;"> </font>s<font style="letter-spacing:-0.05pt;">e</font>ll<font style="letter-spacing:-0.2pt;"> </font>or<font style="letter-spacing:-0.15pt;"> </font>the<font style="letter-spacing:-0.15pt;"> </font>sol<font style="letter-spacing:0.05pt;">i</font><font style="letter-spacing:-0.05pt;">c</font>i<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">a</font>t<font style="letter-spacing:0.05pt;">i</font>on<font style="letter-spacing:-0.25pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font><font style="letter-spacing:-0.05pt;">a</font>n<font style="letter-spacing:-0.25pt;"> </font>o<font style="letter-spacing:0.05pt;">f</font>f<font style="letter-spacing:-0.1pt;">e</font>r<font style="letter-spacing:-0.15pt;"> </font>to b<font style="letter-spacing:0.1pt;">u</font>y<font style="letter-spacing:1.3pt;"> </font>the<font style="letter-spacing:1.5pt;"> </font>Not<font style="letter-spacing:-0.05pt;">e</font>s,<font style="letter-spacing:1.55pt;"> </font>nor<font style="letter-spacing:1.5pt;"> </font>sh<font style="letter-spacing:-0.05pt;">a</font>ll<font style="letter-spacing:1.7pt;"> </font>the<font style="letter-spacing:-0.05pt;">r</font>e<font style="letter-spacing:1.5pt;"> </font>be<font style="letter-spacing:1.5pt;"> </font><font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.25pt;">n</font>y<font style="letter-spacing:1.3pt;"> </font>s<font style="letter-spacing:-0.05pt;">a</font>le<font style="letter-spacing:1.5pt;"> </font><font style="letter-spacing:0.1pt;">o</font>f<font style="letter-spacing:1.5pt;"> </font>the<font style="letter-spacing:1.5pt;"> </font>Not<font style="letter-spacing:-0.05pt;">e</font>s<font style="letter-spacing:1.55pt;"> </font>in<font style="letter-spacing:1.55pt;"> </font><font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.1pt;">n</font>y<font style="letter-spacing:1.3pt;"> </font>jurisd<font style="letter-spacing:0.05pt;">i</font><font style="letter-spacing:-0.05pt;">c</font>t<font style="letter-spacing:0.15pt;">i</font>on<font style="letter-spacing:1.55pt;"> </font>in<font style="letter-spacing:1.55pt;"> </font>whi<font style="letter-spacing:-0.05pt;">c</font>h<font style="letter-spacing:1.55pt;"> </font>su<font style="letter-spacing:-0.05pt;">c</font>h<font style="letter-spacing:1.55pt;"> </font>of<font style="letter-spacing:-0.05pt;">fe</font>r, sol<font style="letter-spacing:0.05pt;">i</font><font style="letter-spacing:-0.05pt;">c</font>i<font style="letter-spacing:0.05pt;">t</font><font style="letter-spacing:-0.05pt;">a</font>t<font style="letter-spacing:0.05pt;">i</font>on or<font style="letter-spacing:-0.05pt;"> </font>s<font style="letter-spacing:-0.05pt;">a</font>le <font style="letter-spacing:-0.05pt;">w</font>ould be unl<font style="letter-spacing:-0.05pt;">a</font>w<font style="letter-spacing:-0.05pt;">f</font>ul.</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:7pt;text-indent:0%;font-size:7.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:31.35%;margin-right:31.15%;text-indent:0%;font-size:12pt;font-family:Times New Roman;letter-spacing:0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">S<font style="letter-spacing:-0.05pt;">&#227;</font>o P<font style="letter-spacing:-0.05pt;">a</font>ulo (SP), Nov<font style="letter-spacing:-0.05pt;">e</font>mber<font style="letter-spacing:-0.05pt;"> </font>13, 2019.</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:7pt;text-indent:0%;font-size:7.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:38.36%;margin-right:38.11%;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">ALE<font style="letter-spacing:0.05pt;">XS</font>A<font style="letter-spacing:-0.05pt;">N</font>D<font style="letter-spacing:0.05pt;">R</font>O<font style="letter-spacing:-0.6pt;"> </font>BRO<font style="letter-spacing:0.05pt;">E</font>D<font style="letter-spacing:0.05pt;">E</font>L</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:22.17%;margin-right:21.93%;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Gro<font style="letter-spacing:0.05pt;">u</font>p<font style="letter-spacing:-0.2pt;"> </font>Ex<font style="letter-spacing:0.05pt;">e</font>c<font style="letter-spacing:0.05pt;">u</font>tive<font style="letter-spacing:-0.35pt;"> </font>Fi<font style="letter-spacing:0.05pt;">n</font><font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.05pt;">n</font>ce<font style="letter-spacing:-0.3pt;"> </font>Di<font style="letter-spacing:-0.05pt;">r</font>e<font style="letter-spacing:0.05pt;">c</font>t<font style="letter-spacing:0.05pt;">o</font>r<font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:0.05pt;">an</font>d<font style="letter-spacing:0.15pt;"> </font>He<font style="letter-spacing:-0.05pt;">a</font>d<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:0.05pt;">o</font>f<font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:-0.1pt;">I</font><font style="letter-spacing:0.05pt;">n</font>v<font style="letter-spacing:0.05pt;">e</font><font style="letter-spacing:-0.05pt;">s</font>t<font style="letter-spacing:0.05pt;">o</font>r<font style="letter-spacing:-0.35pt;"> </font>Rel<font style="letter-spacing:0.05pt;">a</font>ti<font style="letter-spacing:0.05pt;">on</font>s</p>
<p style="margin-bottom:0pt;line-height:10pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;line-height:13pt;text-indent:0%;font-size:13pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:1.12%;margin-right:34.84%;text-indent:0%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(<font style="letter-spacing:0.05pt;">1</font>)<font style="letter-spacing:0.05pt;"> </font>C<font style="letter-spacing:-0.05pt;">o</font><font style="letter-spacing:0.05pt;">n</font>si<font style="letter-spacing:0.05pt;">d</font><font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:-0.1pt;">i</font><font style="letter-spacing:0.05pt;">n</font>g<font style="letter-spacing:-0.05pt;"> </font>t<font style="letter-spacing:0.05pt;">h</font>e <font style="letter-spacing:-0.05pt;">exc</font><font style="letter-spacing:0.05pt;">h</font><font style="letter-spacing:-0.05pt;">a</font><font style="letter-spacing:0.05pt;">n</font><font style="letter-spacing:-0.05pt;">g</font>e r<font style="letter-spacing:-0.05pt;">a</font>te as<font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:0.05pt;">o</font>f<font style="letter-spacing:-0.1pt;"> </font>N<font style="letter-spacing:0.05pt;">o</font><font style="letter-spacing:-0.05pt;">v</font><font style="letter-spacing:0.05pt;">e</font><font style="letter-spacing:-0.15pt;">m</font><font style="letter-spacing:0.05pt;">b</font><font style="letter-spacing:-0.05pt;">e</font>r<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:0.05pt;">12</font>,<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">2</font><font style="letter-spacing:0.05pt;">0</font><font style="letter-spacing:-0.05pt;">1</font><font style="letter-spacing:0.05pt;">9</font>,<font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:0.05pt;">o</font>f<font style="letter-spacing:-0.05pt;"> </font>R$<font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:0.05pt;">4</font>.18<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">f</font><font style="letter-spacing:0.05pt;">o</font>r<font style="letter-spacing:0.05pt;"> </font>US$<font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:0.05pt;">1</font><font style="letter-spacing:-0.1pt;">.</font><font style="letter-spacing:0.05pt;">0</font><font style="letter-spacing:-0.05pt;">0</font>.</p></body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
