<SEC-DOCUMENT>0000950103-22-013067.txt : 20220727
<SEC-HEADER>0000950103-22-013067.hdr.sgml : 20220727
<ACCEPTANCE-DATETIME>20220727173004
ACCESSION NUMBER:		0000950103-22-013067
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220727
DATE AS OF CHANGE:		20220727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CREDIT SUISSE AG
		CENTRAL INDEX KEY:			0001053092
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-238458-02
		FILM NUMBER:		221111966

	BUSINESS ADDRESS:	
		STREET 1:		PARADEPLATZ 8
		CITY:			ZURICH
		STATE:			V8
		ZIP:			8001
		BUSINESS PHONE:		01141 44 333 1111

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 1
		CITY:			ZURICH
		STATE:			V8
		ZIP:			8070

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CREDIT SUISSE / /FI
		DATE OF NAME CHANGE:	20050607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CREDIT SUISSE FIRST BOSTON /                            /FI
		DATE OF NAME CHANGE:	19980115
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>dp177600_424b2-wfi.htm
<DESCRIPTION>FORM 424B2
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><B>Registration Statement No.
333&ndash;238458&ndash;02</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><B>Dated July 27, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in"><B>Securities Act of 1933; Rule
424(b)(2)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PRODUCT SUPPLEMENT No. WF<FONT STYLE="font-size: 10pt; font-weight: normal">&ndash;</FONT>I
TO PROSPECTUS SUPPLEMENT<BR>
DATED JUNE 18<FONT STYLE="font-weight: normal">,</FONT> 2020 TO PROSPECTUS DATED JUNE 18<FONT STYLE="font-weight: normal">,</FONT> 2020</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Credit Suisse AG </B></P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Principal at Risk Securities
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Linked To One Or More Indices,
Exchange-Traded Funds or Equity Securities </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit Suisse AG may, from time to time, offer
and sell securities linked to one or more equity indices (each, an &ldquo;<U>Index</U>&rdquo; and collectively, the &ldquo;<U>Indices</U>&rdquo;),
exchange-traded funds (each, a &ldquo;<U>Fund</U>&rdquo; and collectively, the &ldquo;<U>Funds</U>&rdquo;) or common equity securities
or American depositary shares (&ldquo;<U>ADSs</U>&rdquo;) of a company not affiliated with us (each, an &ldquo;<U>Underlying Stock</U>&rdquo;
and collectively, the &ldquo;<U>Underlying Stocks</U>&rdquo;), or any combination thereof. The Indices, Funds and Underlying Stocks are
sometimes referred to herein collectively as the &ldquo;<U>Market Measures</U>&rdquo; and individually as a &ldquo;<U>Market Measure</U>.&rdquo;
Market-linked securities, such as the securities described in this product supplement, are principal-at-risk securities, which means that
you may receive less than the original public offering price of the securities (the &ldquo;<U>original offering price</U>&rdquo;) at maturity,
depending on the performance of one or more Market Measures. We refer to all securities offered under this product supplement as the &ldquo;<U>securities</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The securities are senior unsecured medium-term
notes issued by Credit Suisse AG, acting through one of its branches. Any payments due on the securities, including any repayment of principal,
will be subject to credit risk of Credit Suisse AG. If Credit Suisse AG defaults on its obligations, you may not receive any amounts owed
to you under the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This document, which we refer to as a &ldquo;<U>product
supplement</U>,&rdquo; describes some of the general terms that apply to the securities. This product supplement supplements the disclosure
in any pricing supplement that may reference it, the accompanying prospectus supplement and prospectus. A separate pricing supplement
will describe terms that apply to specific issuances of the securities and may include changes to the terms specified in this product
supplement. A separate underlying supplement or the relevant pricing supplement will describe any Market Measure(s) to which the securities
are linked. If the disclosure in the relevant pricing supplement is inconsistent with the disclosure in this product supplement, any accompanying
underlying supplement, the prospectus supplement or the prospectus, the disclosure in the relevant pricing supplement will control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">You should carefully review
the specific terms of the securities described in the applicable pricing supplement together with the information contained in this product
supplement, any applicable underlying supplement and the accompanying prospectus supplement and prospectus before investing in the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt; text-indent: -24.5pt">The securities will not be listed
on any securities exchange or automated quotation system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt; text-indent: -24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The securities have complex features and investing
in the securities involves risks not associated with an investment in conventional debt securities. See &ldquo;Risk Factors&rdquo; beginning
on page PS-4 of this product supplement. In addition, see the applicable pricing supplement, which will describe more specifically the
risks relating to the particular issuance of securities as well as the risks associated with the particular Market Measure(s) to which
your securities are linked.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The securities are the unsecured obligations
of Credit Suisse AG, and, accordingly, all payments are subject to credit risk of Credit Suisse AG. If Credit Suisse AG defaults on its
obligations, you may not receive any amounts owed to you under the securities. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Neither the Securities and Exchange Commission
(&ldquo;<U>SEC</U>&rdquo;) nor any state securities commission has approved or disapproved of these securities or determined if this product
supplement or the prospectus supplement or prospectus to which it relates is truthful or complete. Any representation to the contrary
is a criminal offense.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The securities are not deposit liabilities
and are not insured or guaranteed by the Federal Deposit Insurance Corporation (&ldquo;<U>FDIC</U>&rdquo;) or any other governmental agency
of the United States, Switzerland or any other jurisdiction.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;<B>Wells Fargo Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>___________________&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The date of this product supplement is July 27,
2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="toc"></A>TABLE OF CONTENTS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Page</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Georgia, Times, Serif">
    <TD STYLE="width: 90%; text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><A HREF="#a_001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">About
    This Product Supplement</FONT></A></TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 0pt"><A HREF="#a_001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PS-1</FONT></A></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Georgia, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><A HREF="#a_002"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Summary</FONT></A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><A HREF="#a_002"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PS-2</FONT></A></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Georgia, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><A HREF="#a_003"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Risk
    Factors</FONT></A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><A HREF="#a_003"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PS-4</FONT></A></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Georgia, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><A HREF="#a_004"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supplemental
    Use of Proceeds and Hedging</FONT></A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><A HREF="#a_004"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PS-13</FONT></A></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Georgia, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><A HREF="#a_005"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General
    Terms of the Securities</FONT></A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><A HREF="#a_005"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PS-14</FONT></A></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Georgia, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><A HREF="#a_006"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Benefit
    Plan Investor Considerations</FONT></A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><A HREF="#a_006"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PS-30</FONT></A></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Georgia, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><A HREF="#a_007"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supplemental
    Plan of Distribution</FONT></A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><A HREF="#a_007"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PS-32</FONT></A></TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Georgia, Times, Serif">
    <TD STYLE="text-align: left; padding-top: 0in; padding-bottom: 0pt; padding-left: 0in"><A HREF="#a_008"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">United
    States Federal Tax Considerations</FONT></A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt"><A HREF="#a_008"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PS-34</FONT></A></TD></TR>
</TABLE>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><A NAME="a_001"></A>About This Product
Supplement</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>WE
ARE RESPONSIBLE FOR THE INFORMATION CONTAINED AND INCORPORATED BY REFERENCE IN THIS PRODUCT SUPPLEMENT AND THE ACCOMPANYING PROSPECTUS
SUPPLEMENT AND PROSPECTUS</B>.&nbsp;<B>AT THE DATE OF THIS PRODUCT SUPPLEMENT</B>,&nbsp;<B>WE HAVE NOT AUTHORIZED ANYONE TO PROVIDE YOU
WITH DIFFERENT INFORMATION</B>,&nbsp;<B>AND WE TAKE NO RESPONSIBILITY FOR ANY OTHER INFORMATION OTHERS MAY GIVE YOU</B>.&nbsp;<B>WE ARE
NOT MAKING AN OFFER OF THESE SECURITIES IN ANY STATE WHERE THE OFFER IS NOT PERMITTED</B>.&nbsp;<B>YOU SHOULD NOT ASSUME THAT THE INFORMATION
IN THIS DOCUMENT OR THE ACCOMPANYING PROSPECTUS SUPPLEMENT AND PROSPECTUS IS ACCURATE AS OF ANY DATE OTHER THAN THE DATE ON THE FRONT
OF THIS DOCUMENT</B>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should read this product supplement, together
with the accompanying prospectus supplement and the prospectus, any applicable underlying supplement, the applicable pricing supplement
and/or other supplement, which together contain a description of the terms of the securities to be offered, and which supersede all prior
or contemporaneous oral statements as well as any other written materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should carefully consider, among other things,
the matters set forth under &ldquo;Risk Factors&rdquo; in this product supplement and the applicable pricing supplement, as the securities
have complex features and involve risks not associated with conventional debt securities. We urge you to consult your investment, legal,
tax, accounting and other advisers before you invest in the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are offering the securities for sale in those
jurisdictions in the United States where it is lawful to make such offers. The distribution of the offering documents and the offering
of the securities in some jurisdictions may be restricted by law. If you possess the offering documents, you should find out about and
observe these restrictions. The offering documents are not an offer to sell these securities and we are not soliciting an offer to buy
these securities in any jurisdiction where such offer or sale is not permitted or where the person making the offer or sale is not qualified
to do so or to any person to whom such offer or sale is not permitted. We refer you to the &ldquo;Supplemental Plan of Distribution&rdquo;
section of this product supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Defined terms used in this product supplement
and not otherwise defined herein shall have the meanings ascribed to them in the accompanying prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">When we refer to &ldquo;<U>we</U>,&rdquo; &ldquo;<U>us</U>&rdquo;
or &ldquo;<U>our</U>&rdquo; in this product supplement, we refer only to Credit Suisse AG (&ldquo;<U>Credit Suisse</U>&rdquo;) and its
consolidated subsidiaries, unless the context indicates otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><A NAME="a_002"></A>Summary</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Below is a summary of some of the key terms used
throughout this product supplement. The applicable pricing supplement may use another term to describe the same feature, some of which
are identified below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General: </FONT></TD>
    <TD STYLE="width: 80%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The securities are senior unsecured medium-term notes issued by Credit Suisse, acting through one of its branches. The securities will rank <I>pari passu</I> with all of our other unsecured and unsubordinated obligations. <B>Any payments due on the securities, including any repayment of principal, are subject to credit risk of Credit Suisse. If Credit Suisse defaults on its obligations, you may not receive any amounts owed to you under the securities. </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maturity Payment Amount: </FONT></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Unlike ordinary debt securities, the securities
    do not repay a fixed amount of principal at maturity. </B>Instead, the securities provide for a maturity payment amount that may be greater
    than, equal to or less than the face amount of the securities, depending on the performance of one or more:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">equity indices (each, an &ldquo;<U>Index</U>&rdquo; and collectively, the &ldquo;<U>Indices</U>&rdquo;);</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">exchange-traded funds (each, a &ldquo;<U>Fund</U>&rdquo; and collectively, the &ldquo;<U>Funds</U>&rdquo;);</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">common equity securities or American depositary shares of a company not affiliated with us (each, an &ldquo;<U>Underlying Stock</U>&rdquo;
    and collectively, the &ldquo;<U>Underlying Stocks</U>&rdquo;); or</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any combination of the foregoing,</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">as specified in the applicable
    pricing supplement. <B>Accordingly, you could lose some or all of your investment. </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">In this product supplement,
    we sometimes refer to the Indices, Funds and Underlying Stocks to which your securities may be linked collectively as the &ldquo;<U>Market
    Measures</U>&rdquo; and individually as a &ldquo;<U>Market Measure</U>.&rdquo; The index underlying a Fund is sometimes referred to as
    a &ldquo;<U>fund underlying index</U>.&rdquo; We refer to the issuer of an Underlying Stock as an &ldquo;<U>Underlying Stock Issuer</U>.&rdquo;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">The applicable pricing supplement
    may also refer to a Market Measure as an &ldquo;<U>Underlier</U>&rdquo; or an &ldquo;<U>Underlying</U>.&rdquo; In addition, if the securities
    are linked to a weighted basket composed of two or more Market Measures, the applicable pricing supplement may refer to each Market Measure
    as a &ldquo;<U>basket component</U>.&rdquo; The securities may also be linked to the worst performing or best performing of two or more
    Market Measures, as described in the accompanying pricing supplement.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">You should carefully read the
    applicable pricing supplement to understand the circumstances in which the performance of the relevant Market Measure(s) will cause you
    to receive less than the face amount at stated maturity.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Coupon: </FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The securities will not pay a coupon unless the applicable pricing supplement specifically provides otherwise.&nbsp;&nbsp;If the applicable pricing supplement provides for the payment of a coupon, the coupon rate and the coupon payment date(s) will be specified in the applicable pricing supplement.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Face Amount and Original Offering Price: </FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The face amount of each security and the original offering price of each security will be specified in the applicable &nbsp;pricing supplement. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pricing Date: </FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We refer to the date on which a particular issuance of securities is priced for initial sale to the public as the &ldquo;<U>pricing date</U>.&rdquo; </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Calculation Day(s): </FONT></TD>
    <TD STYLE="width: 80%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We refer to each date on which the value of any
    Market Measure is to be referenced in the determination of any payment on the securities as a &ldquo;<U>calculation day</U>.&rdquo; If
    there is a single calculation day for the securities, references to the &ldquo;<U>final calculation day</U>&rdquo; herein mean such calculation
    day.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The applicable pricing supplement may also
refer to a calculation day as a &ldquo;<U>valuation date</U>,&rdquo; an &ldquo;<U>observation date</U>,&rdquo; a &ldquo;<U>determination
date</U>&rdquo; or such other term as specified in the applicable pricing supplement. The calculation day(s)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; width: 20%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 10pt; width: 80%">will be specified in the applicable pricing supplement and will be subject to postponement due to non-trading days and market disruption
events. See &ldquo;General Terms of the Securities&mdash;Consequences of a Market Disruption Event; Postponement of a Calculation Day.&rdquo;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment Date(s): </FONT></TD>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The relevant pricing supplement will specify the stated maturity date and any other date on which amounts will or may be payable on the securities (each referred to as a &ldquo;<U>payment date</U>&rdquo;). Each payment date is subject to postponement as described under &ldquo;General Terms of the Securities&mdash;Payment Dates.&rdquo;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Closing Value: </FONT></TD>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">When we refer to the &ldquo;<U>closing value</U>&rdquo; of a Market Measure herein we mean, on any date of determination, (i) with respect to an Index, its closing level (as defined herein) on that day; (ii) with respect to a Fund, its fund closing price (as defined herein) on that day; and (iii) with respect to an Underlying Stock, its stock closing price (as defined herein) on that day. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Calculation Agent: </FONT></TD>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless otherwise specified in the applicable pricing supplement, the calculation agent is Credit Suisse International, an affiliate of ours. The calculation agent makes all determinations with respect to the securities. All determinations made by the calculation agent will be at the sole discretion of the calculation agent and will be conclusive for all purposes and binding upon all parties, including us and the beneficial owners of the securities, absent manifest error. The calculation agent will have no responsibility for good faith errors or omissions in its calculations and determinations, whether caused by negligence or otherwise.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No Listing: </FONT></TD>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The securities will not be listed on any securities exchange or automated quotation system. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material Tax <BR>
Consequences: </FONT></TD>
    <TD STYLE="padding-bottom: 10pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For a discussion of the material U.S. federal
    income and certain estate tax consequences of the ownership and disposition of the securities, see &ldquo;United States Federal Tax Considerations.&rdquo;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><A NAME="a_003"></A>Risk Factors</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The securities have complex features and investing
in the securities will involve risks not associated with an investment in conventional debt securities. You should carefully consider
the risk factors set forth below as well as the other information contained in the applicable pricing supplement, any applicable underlying
supplement and/or other supplement, the prospectus supplement and the prospectus, including the documents they incorporate by reference.
The risk factors set forth below describe certain significant risks associated with an investment in the securities. You should read these
risk factors together with the risk factors included in the applicable pricing supplement, which will describe more specifically the risks
relating to the particular issuance of securities as well as the risks associated with the particular Market Measure(s) to which your
securities are linked. As described in more detail below, the value of the securities may vary considerably before the stated maturity
date due to events that are difficult to predict and are beyond our control. You should reach an investment decision only after you have
carefully considered with your advisors the appropriateness of an investment in the securities in light of your particular circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>General Risk Factors Relating To All Securities
</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The Securities Are Not Ordinary Debt Securities
&ndash; You May Lose Some Or All Of The Face Amount. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unlike ordinary debt securities, the securities
do not repay a fixed amount of principal at maturity. Instead, the securities provide for a maturity payment amount that may be greater
than, equal to or less than the face amount of the securities, depending on the performance of the relevant Market Measure(s) and other
terms of the securities, as described in the applicable pricing supplement. You should carefully read the applicable pricing supplement
to understand the circumstances in which the performance of the Market Measure(s) will cause you to receive less than the face amount
of your securities at maturity. Depending on the particular terms of the securities, you may lose up to all of the face amount of your
securities. You should not invest in the securities if you are unable or unwilling to the bear the risk of losing a significant portion
or all of the face amount of your securities at maturity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The Securities Are Subject To Credit Risk of
Credit Suisse.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investors are dependent on Credit Suisse&rsquo;s
ability to pay all amounts due on the securities. Therefore, if we were to default on our obligations, you may not receive any amounts
owed to you under the securities. In addition, any decline in our credit ratings, any adverse changes in the market&rsquo;s view of our
creditworthiness or any increase in our credit spreads is likely to adversely affect the value of the securities prior to maturity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Credit Suisse Is Subject To Swiss Regulation.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a Swiss bank, Credit Suisse is subject to regulation
by governmental agencies, supervisory authorities and self-regulatory organizations in Switzerland. Such regulation is increasingly more
extensive and complex and subjects Credit Suisse to risks. For example, pursuant to Swiss banking laws, the Swiss Financial Market Supervisory
Authority (&ldquo;<U>FINMA</U>&rdquo;) may open resolution proceedings if there are justified concerns that Credit Suisse is over-indebted,
has serious liquidity problems or no longer fulfills capital adequacy requirements. FINMA has broad powers and discretion in the case
of resolution proceedings, which include the power to convert debt instruments and other liabilities of Credit Suisse into equity and/or
cancel such liabilities in whole or in part. If one or more of these measures were imposed, such measures may adversely affect the terms
and market value of the securities and/or the ability of Credit Suisse to make payments thereunder and you may not receive any amounts
owed to you under the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The Estimated Value Of The Securities On The
Pricing Date May Be Less Than The Original Offering Price.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The initial estimated value of your securities
on the pricing date (as determined by reference to our pricing models and our internal funding rate) may be significantly less than the
original offering price. The original offering price of the securities includes the agent&rsquo;s discounts or commissions as well as
transaction costs, such as expenses incurred to create, document and market the securities and the cost of hedging our risks as issuer
of the securities through one or more of our affiliates (which includes a projected profit). These costs will be effectively borne by
you as an investor in the securities. These amounts will be retained by Credit Suisse or our affiliates in connection with our structuring
and offering of the securities (except to the extent discounts or commissions are reallowed to other broker-dealers or any costs are paid
to third parties).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the pricing date, we value the components of
the securities in accordance with our pricing models. These include a fixed income component valued using our internal funding rate, and
individual option components valued using proprietary pricing models dependent on inputs such as volatility, correlation, dividend rates,
interest rates and other factors, including assumptions about future market events and/or environments. These inputs may be market-observable
or may be based on assumptions made by us in our discretionary judgment. As such, the payout on the securities can be replicated using
a combination of these components and the value of these components, as determined by us using our pricing models, will impact the terms
of the securities at issuance. Our option valuation models are proprietary. Our pricing models take into account factors such as interest
rates, volatility and the time to maturity of the securities, and they rely in part on certain assumptions about future events, which
may prove to be incorrect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because Credit Suisse&rsquo;s pricing models may
differ from other issuers&rsquo; valuation models, and because funding rates taken into account by other issuers may vary materially from
the rates used by Credit Suisse (even among issuers with similar creditworthiness), our estimated value at any time may not be comparable
to the estimated values of similar securities of other issuers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Our Internal Funding Rate May Negatively Affect
The Value Of The Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The internal funding rate we use in structuring
notes (such as these securities) is typically lower than the interest rate that is reflected in the yield on our conventional debt securities
of similar maturity in the secondary market (our &ldquo;<U>secondary market credit spreads</U>&rdquo;). If, on the pricing date, our internal
funding rate is lower than our secondary market credit spreads, we expect that the economic terms of the securities will generally be
less favorable to you than they would have been if our secondary market credit spread had been used in structuring the securities. We
will also use our internal funding rate to determine the price of the securities if we post a bid to repurchase your securities in secondary
market transactions. See &ldquo;&mdash; Secondary Market Prices, If Any, For The Securities Cannot Be Predicted Below&rdquo; below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Secondary Market Prices, If Any, For The Securities
Cannot Be Predicted.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If Credit Suisse (or any of its affiliates) or
WFS (or any of its affiliates) bid for your securities in secondary market transactions, which we are not obligated to do, this secondary
market price (and the value used for account statements or otherwise) may be higher or lower than the price to public and the estimated
value of the securities on the pricing date. The estimated value of the securities, which will be disclosed on the cover of the applicable
pricing supplement, does not represent a minimum price at which we would be willing to buy the securities in the secondary market (if
any exists) at any time. The secondary market price of your securities at any time cannot be predicted and will reflect the then-current
estimated value determined by reference to our pricing models, the related inputs and other factors, including our internal funding rate,
customary bid and ask spreads and other transaction costs, changes in market conditions and deterioration or improvement in our creditworthiness.
In circumstances where our internal funding rate is higher than our secondary market credit spreads, our secondary market bid for your
securities could be less favorable than what other dealers might bid because, assuming all else is equal, we use the higher internal funding
rate to price the securities and other dealers might use the lower secondary market credit spread to price them. Furthermore, assuming
no change in market conditions from the pricing date, the secondary market price of your securities will be lower than the price to public
because it will not include the agent&rsquo;s discounts or commissions and hedging and other transaction costs. If you sell your securities
to a dealer in a secondary market transaction, the dealer may impose an additional discount or commission and, as a result, the price
you receive on your securities may be lower than the price at which we may repurchase the securities from such dealer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit Suisse (or any of its affiliates) or WFS
(or any of its affiliates) may initially post a bid to repurchase the securities from you at a price that will exceed the then-current
estimated value of the securities. That higher price reflects our projected profit and costs, which may include discounts and commissions
that were included in the price to public, and that higher price may also be initially used for account statements or otherwise. Credit
Suisse (or any of its affiliates) or WFS (or any of its affiliates) may offer to pay this higher price, for your benefit, but the amount
of any excess over the then-current estimated value will be temporary and is expected to decline over a period of time as set forth in
the applicable pricing supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The securities are not designed to be short-term
trading instruments and any sale prior to maturity could result in a substantial loss to you. You should be willing and able to hold your
securities to maturity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The Value Of The Securities Prior To Stated
Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The value of the securities prior to stated maturity
will be affected by the then-current value of the Market Measure(s), interest rates at that time and a number of other factors, some of
which are interrelated in complex ways. The effect of any one factor may be offset or magnified by the effect of another factor. The following
factors are expected to affect the value of the securities. When we refer to the &ldquo;<U>value</U>&rdquo; of your security, we mean
the value you could receive for your security if you are able to sell it in the open market before the stated maturity date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Market Measure Performance.</B> The value
of the securities prior to maturity will depend substantially on the then-current value of the Market Measure(s). The price at which you
may be able to sell the securities before stated maturity may be at a discount, which could be substantial, from their original offering
price, if the value of the Market Measure(s) at such time is less than, equal to or not sufficiently above its starting value or other
value relevant to the determination of any payments on the securities specified in the applicable pricing supplement.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Interest Rates. </B>The value of the securities
may be affected by changes in the interest rates in the U.S. markets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Volatility Of The Market Measure(s).</B> Volatility
is the term used to describe the size and frequency of market fluctuations. The value of the securities may be affected if the volatility
of the Market Measure(s) changes.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Correlation Among The Market Measures.</B>
If the securities are linked to more than one Market Measure, the value of the securities may be affected by changes in the correlation
among the Market Measures. Correlation refers to the extent to which </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">the values of the Market Measures tend
to fluctuate at the same time, in the same direction and in similar magnitudes.&nbsp;The correlation among the Market Measures may be
positive, zero or negative. The value of the securities is likely to decrease if the correlation among the Market Measures decreases.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Time Remaining To Maturity.</B> The value
of the securities at any given time prior to maturity will likely be different from that which would be expected based on the then-current
value of the Market Measure(s). This difference will most likely reflect a discount due to expectations and uncertainty concerning the
value of the Market Measure(s) during the period of time still remaining to the stated maturity date.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Dividend Yields.</B> The value of the securities
may be affected by the dividend yields on (i) with respect to an Index, the securities included in such Index; (ii) with respect to a
Fund, such Fund or the securities held by such Fund; or (iii) with respect to an Underlying Stock, such Underlying Stock. In each case,
the amount of such dividends may influence the closing value of the applicable Market Measure. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Currency Exchange Rates.</B> If the securities
are linked to an Index or a Fund that includes securities quoted in one or more foreign currencies and the value of such Index or Fund
is based on the U.S. dollar value of such securities, the value of the securities may be affected if the exchange rate between the U.S.
dollar and any such foreign currency changes.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Volatility Of Currency Exchange Rates.</B>
If the securities are linked to an Index and the level of such Index is based on the value of its component securities as expressed in
a foreign currency, then the value of the securities may be affected if the volatility of the exchange rate between the U.S. dollar and
that foreign currency changes. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Correlation Between Currency Exchange Rates
And An Index.</B> If the securities are linked to an Index and the level of such Index is based on the value of its component securities
as expressed in a foreign currency, then the value of the securities may be affected by changes in the correlation between the exchange
rate between the U.S. dollar and that foreign currency and the applicable Index.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to these factors, the value of the
securities will be affected by actual or anticipated changes in our creditworthiness. You should understand that the impact of one of
the factors specified above, such as a change in interest rates, may offset some or all of any change in the value of the securities attributable
to another factor, such as a change in the value of a Market Measure. Because numerous factors are expected to affect the value of the
securities, changes in the value of the Market Measure(s) may not result in a comparable change in the value of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The Securities Will Not Be Listed On Any Securities
Exchange And We Do Not Expect A Trading Market For The Securities To Develop.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The securities will not be listed or displayed
on any securities exchange or any automated quotation system. Although the agent and/or its affiliates may purchase the securities from
holders, they are not obligated to do so and are not required to make a market for the securities. There can be no assurance that a secondary
market will develop. Because we do not expect that any market makers will participate in a secondary market for the securities, the price
at which you may be able to sell your securities is likely to depend on the price, if any, at which the agent is willing to buy your securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a secondary market does exist, it may be limited.
Accordingly, there may be a limited number of buyers if you decide to sell your securities prior to stated maturity. This may affect the
price you receive upon such sale. Consequently, you should be willing to hold the securities to stated maturity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Investing In The Securities Is Not The Same
As Investing In Any Market Measure. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investing in the securities is not equivalent
to investing in any Market Measure. As an investor in the securities, your return will not reflect the return you would realize if you
actually owned and held any Underlying Stock, the shares of any Fund or the securities included in any Index for a period similar to the
term of the securities because you will not receive any dividend payments, distributions or any other payments paid on those shares or
securities. As a holder of the securities, you will not have any voting rights or any other rights as would holders of an Underlying Stock,
a Fund or the securities included in an Index.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>Historical
Values Of A Market Measure Should Not Be Taken As An Indication Of The Future Performance Of Such Market Measure During The Term Of The
Securities.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">It is impossible
to predict whether the value of a Market Measure will fall or rise. </FONT>The value of a Market Measure will be influenced by complex
and interrelated political, economic, financial and other factors that can affect such Market Measure. <FONT STYLE="background-color: white">Accordingly,
any historical values of a Market Measure do not provide an indication of the future performance of such Market Measure.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>A Payment Date And The Stated Maturity Date
May Be Postponed If A Calculation Day Is Postponed.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A calculation day is subject to postponement for
non-trading days and market disruption events as described under &ldquo;General Terms of the Securities&rdquo; below. If such a postponement
occurs with respect to a calculation day other than the final calculation day (if any), then the related payment date will be postponed.
If such a postponement occurs with respect to the final calculation day, the stated maturity date will be the later of (i)&nbsp;the initial
stated maturity date and (ii)&nbsp;three business days after the last final calculation day as postponed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Our Economic Interests And Those Of Wells Fargo
Securities Or Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should be aware of the following ways in which
our and Wells Fargo Securities&rsquo; economic interests and those of any dealer participating in the distribution of the securities,
which we refer to as a &ldquo;<U>participating dealer</U>,&rdquo; are potentially adverse to your interests as an investor in the securities.
In engaging in certain of the activities described below, our affiliates or any participating dealer or its affiliates may take actions
that may adversely affect the value of and your return on the securities, and in so doing they will have no obligation to consider your
interests as an investor in the securities. Our affiliates or any participating dealer or its affiliates may realize a profit from these
activities even if investors do not receive a favorable investment return on the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><I>The calculation
agent is our affiliate and may be required to make discretionary judgments that affect the return you receive on the securities.</I></B>
CSI, which is our affiliate, will be the calculation agent for the securities. As calculation agent, CSI will determine any values of
a Market Measure and make any other determinations necessary to calculate any payments on the securities. In making these determinations,
the calculation agent may be required to make discretionary judgments, including, but not limited to: </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">determining whether a non-trading day or market disruption event
has occurred on any date that the value of a Market Measure is to be determined; </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">with respect to an Index, (i) </FONT>determining the closing level
of such Index if a calculation day is postponed to the last day to which it may be postponed and a market disruption event occurs with
respect to such Index on that day; (ii) if an Index is discontinued, selecting a successor equity index or, if no successor equity index
is available, determining the closing level of such Index on any date of determination; and (iii) determining whether to adjust the closing
level of such Index on a calculation day in the event of certain changes in or modifications to such Index;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">with respect to a Fund, (i) </FONT>determining the fund closing
price of such Fund if a calculation day is postponed with respect to such Fund to the last day to which it may be postponed and a market
disruption event with respect to such Fund occurs on that day; (ii) adjusting the adjustment factor for a Fund and other terms of the
securities in certain circumstances; (iii) if a Fund undergoes a liquidation event, selecting a successor fund or, if no successor fund
is available, determining the fund closing price of such Fund on any date of determination; and (iv) determining whether to adjust the
fund closing price of a Fund on a calculation day in the event of certain changes in or modifications to such Fund or its fund underlying
index; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">with respect to an Underlying Stock, (i) </FONT>determining the
stock closing price of such Underlying Stock if a calculation day is postponed with respect to such Underlying Stock to the last day to
which it may be postponed and a market disruption event occurs with respect to such Underlying Stock on that day; (ii) determining the
stock closing price of an Underlying Stock if it is not otherwise available on any date of determination; (iii) adjusting the adjustment
factor for an Underlying Stock in certain circumstances; and (iv) if a replacement stock event occurs with respect to an Underlying Stock,
selecting a replacement stock to be substituted for such Underlying Stock and making certain other adjustments to the terms of the securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="background-color: white">In
making these discretionary judgments, the fact that CSI is our affiliate may cause it to have economic interests that are adverse to your
interests as an investor in the securities, and CSI&rsquo;s determinations as calculation agent may adversely affect your return on the
securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B><I>Research reports
by our affiliates or any participating dealer or its affiliates may be inconsistent with an investment in the securities and may adversely
affect the value of a Market Measure. </I></B> Our affiliates or any participating dealer in the offering of the securities or its affiliates
may, at present or in the future, publish research reports relating to a Market Measure. When we refer to a research report relating to
a Market Measure, we mean (i) with respect to an Index, research reports on such Index or the companies whose securities are included
in such Index; (ii) with respect to a Fund, research reports on such Fund or its fund underlying index or the companies whose securities
are held by or included in such Fund or its fund underlying index; and (iii) with respect to an Underlying Stock, research reports on
such Underlying Stock. This research is modified from time to time without notice and may, at present or in the future, express opinions
or provide recommendations that are inconsistent with purchasing or holding the securities. Any research reports relating to a Market
Measure could adversely affect the value of the applicable Market Measure and, therefore, adversely affect the value of and your return
on the securities. You are encouraged to derive information concerning a Market Measure from multiple </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="background-color: white">sources
and should not rely on the views expressed by us or our affiliates or any participating dealer or its affiliates. In addition, any research
reports relating to a Market Measure published on or prior to the pricing date could result in an increase in the value of the applicable
Market Measure on the pricing date, which would adversely affect investors in the securities by increasing the value at which such Market
Measure must close on a calculation day in order for investors in the securities to receive a favorable return.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Business activities of our affiliates or
any participating dealer or its affiliates may adversely affect the value of a Market Measure. </I></B> Our affiliates or any participating
dealer or its affiliates may, at present or in the future, engage in business with (i) with respect to an Index, the companies whose securities
are included in such Index; (ii) with respect to a Fund, the companies whose securities are held by or included in such Fund or its fund
underlying index; and <FONT STYLE="background-color: white">(iii) with respect to an Underlying Stock, the applicable Underlying Stock
Issuer. These business activities may</FONT> include making loans to those companies (including exercising creditors&rsquo; remedies with
respect to such loans), making equity investments in those companies or providing investment banking, asset management or other advisory
services to those companies. These business activities could adversely affect the value of the applicable Market Measure and, therefore,
adversely affect the value of and your return on the securities. In addition, in the course of these business activities, our affiliates
or any participating dealer or its affiliates may acquire non-public information about any of those companies. If our affiliates or any
participating dealer or its affiliates do acquire such non-public information, we and they are not obligated to disclose such non-public
information to you. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Hedging
activities by our affiliates or any participating dealer or its affiliates may adversely affect the value of a Market Measure.</I></B>
We expect to hedge our obligations under the securities through one or more hedge counterparties, which may include our affiliates or
any participating dealer or its affiliates. Pursuant to such hedging activities, our hedge counterparties may acquire (i) with respect
to an Index, the securities included in such Index <FONT STYLE="background-color: white">or listed or over-the-counter derivative or
synthetic instruments related to such Index or such securities; (ii) with respect to a Fund, shares of such Fund, securities held by
or included in such Fund or its fund underlying index or listed or over-the-counter derivative or synthetic instruments related to the
Fund or such securities; and (iii) with respect to an Underlying Stock, such Underlying Stock </FONT>or listed or over-the-counter derivative
or synthetic instruments related to such Underlying Stock<FONT STYLE="background-color: white">. </FONT>Depending on, among other things,
future market conditions, the aggregate amount and the composition of such positions are likely to vary over time. To the extent that
our hedge counterparties have a long hedge position in such securities, they may liquidate a portion of such holdings at or about the
time of a calculation day. These hedging activities could potentially adversely affect the value of the applicable Market Measure and,
therefore, adversely affect the value of and your return on the securities.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Trading activities by our affiliates or
any participating dealer or its affiliates may adversely affect the value of a Market Measure. </I></B> Our affiliates or any participating
dealer or its affiliates may engage in trading in (i) with respect to an Index, the securities included in such Index and other instruments
relating to such Index or such securities<FONT STYLE="background-color: white">; (ii) with respect to a Fund, the </FONT>shares of such
Fund or the securities held by or included in such Fund or its fund underlying index and other instruments relating to such Fund or such
securities<FONT STYLE="background-color: white">; and (iii) with respect to an Underlying Stock, such Underlying Stock </FONT>and other
instruments relating to such Underlying Stock on a regular basis as part of their general broker-dealer and other businesses. Any of these
trading activities could potentially adversely affect the value of the applicable Market Measure and, therefore, adversely affect the
value of and your return on the securities. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>A
participating dealer or its affiliates may realize hedging profits projected by its proprietary pricing models in addition to any selling
concession or any other fees identified in the applicable pricing supplement, creating a further incentive for the participating dealer
to sell the securities to you. </I></B>If any participating dealer or any of its affiliates conducts hedging activities for us in connection
with the securities, that participating dealer or its affiliates will expect to realize a projected profit from such hedging activities.
If a participating dealer receives a concession and/or other fee for the sale of the securities to you, this projected hedging profit
will be in addition to the concession and/or other fee, creating a further incentive for the participating dealer to sell the securities
to you.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The U.S. Federal Tax Consequences Of An Investment
In The Securities May Be Uncertain.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There is no direct legal authority regarding the
proper U.S. federal tax treatment of the securities, and we do not plan to request a ruling from the Internal Revenue Service (the &ldquo;<U>IRS</U>&rdquo;).
Consequently, significant aspects of the tax treatment of the securities are uncertain, and the IRS or a court might not agree with the
treatment of them described in &ldquo;United States Federal Tax Considerations.&rdquo; If the IRS were successful in asserting an alternative
treatment for the securities, the tax consequences (including, for non-U.S. investors, the withholding tax consequences) of ownership
and disposition of the securities might be materially and adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As described below under &ldquo;United States
Federal Tax Considerations,&rdquo; the U.S. Treasury Department and the IRS have requested comments on various issues regarding the U.S.
federal income tax treatment of &ldquo;prepaid forward contracts&rdquo; and similar financial instruments and have indicated that such
transactions may be the subject of future regulations or other guidance. In addition, members of Congress have proposed legislative changes
to the tax treatment of derivative contracts. Any legislation, Treasury regulations or other guidance promulgated after consideration
of these issues could materially and adversely affect the tax consequences of an investment in the securities, possibly with retroactive
effect. You should review carefully the section of this product supplement entitled &ldquo;United States</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Federal Tax Considerations.&rdquo; You should
also consult your tax advisor regarding the U.S. federal tax consequences of an investment in the securities, as well as tax consequences
arising under the laws of any state, local or non-U.S. taxing jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Non-U.S. Investors May Be Subject to Withholding
Tax under Section 871(m) In Respect Of Certain Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Section 871(m) of the Internal Revenue Code of
1986, as amended (the &ldquo;<U>Code</U>&rdquo;), imposes a withholding tax of up to 30% on &ldquo;dividend equivalents&rdquo; paid or
deemed paid to non-U.S. investors with respect to certain financial instruments linked to U.S. equities. This withholding regime generally
applies to securities that substantially replicate the economic performance of one or more underlying U.S. equities, as determined based
on tests set forth in the applicable regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Section 871(m) regime requires complex calculations
to be made with respect to financial instruments linked to U.S. equities, and its application to a specific issue of securities may be
uncertain. Accordingly, even if we determine that certain securities are not subject to Section 871(m), the IRS could challenge our determination
and assert that withholding is required in respect of those securities. Moreover, the application of Section 871(m) to a security may
be affected by a non-U.S. investor&rsquo;s other transactions. Non-U.S. investors should review the discussion under &ldquo;United States
Federal Tax Considerations&mdash;Tax Consequences to Non-U.S. Holders&mdash;Dividend Equivalents under Section 871(m) of the Code.&rdquo;
Non-U.S. investors should also consult their tax advisors regarding the application of Section 871(m) in their particular circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will not be required to pay any additional
amounts in respect of amounts withheld in respect of U.S. federal income taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Additional Risk Factors Relating to Securities
Linked to An Index</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Changes That Affect An Index May Adversely
Affect The Value Of The Securities And Any Payments On The Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The policies of a sponsor or publisher of an Index
(each, an &ldquo;<U>index sponsor</U>&rdquo;) concerning the calculation of the relevant Index and the addition, deletion or substitution
of securities comprising such Index and the manner in which an index sponsor takes account of certain changes affecting such securities
may affect the value of such Index and, therefore, may affect the value of the securities and any payments on the securities. An index
sponsor may discontinue or suspend calculation or dissemination of the relevant Index or materially alter the methodology by which it
calculates such Index. Any such actions could adversely affect the value of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>We Cannot Control Actions By Any Of The Unaffiliated
Companies Whose Securities Are Included In Any Index.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Actions by any company whose securities are included
in any Index to which your securities are linked may have an adverse effect on the price of its security, the closing level of such Index
on any calculation day and the value of the securities. Unless otherwise disclosed in any applicable underlying supplement or in the applicable
pricing supplement, we will not be affiliated with any of the companies whose securities are included in any Index. These unaffiliated
companies will not be involved in the offering of the securities and will have no obligations with respect to the securities, including
any obligation to take our or your interests into consideration for any reason. These companies will not receive any of the proceeds of
the offering of the securities and will not be responsible for, and will not have participated in, the determination of the timing of,
prices for, or quantities of, the securities to be issued. These companies will not be involved with the administration, marketing or
trading of the securities and will have no obligations with respect to any amounts to be paid to you on the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>We And Our Affiliates Have No Affiliation With
Any Index Sponsor And Have Not Independently Verified Their Public Disclosure Of Information.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We and our affiliates are not affiliated in any
way with any index sponsor and have no ability to control or predict their actions, including any errors in or discontinuation of disclosure
regarding the methods or policies relating to the calculation of the applicable Index. We have derived the information about any Index
and its index sponsor contained in any applicable underlying supplement and in the applicable pricing supplement from publicly available
information, without independent verification. You, as an investor in the securities, should make your own investigation into any applicable
Index and its index sponsor. No index sponsor will be involved in the offering of the securities made hereby in any way nor will have
any obligation to consider your interests as an owner of the securities in taking any actions that might affect the value of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Additional Risk Factors Relating to Securities
Linked to A Fund </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>Changes
That Affect A Fund Or Its Fund Underlying Index May Adversely Affect The Value Of The Securities And Any Payments On The Securities. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">The policies
of the sponsor of a Fund (a &ldquo;<U>fund sponsor</U>&rdquo;) concerning the calculation of such Fund&rsquo;s net asset value, additions,
deletions or substitutions of securities in such Fund and the manner in which changes in its fund underlying index are reflected in such
Fund, and changes in those policies, could affect the closing price of the shares of such Fund and, therefore, may affect the value of
the </FONT>securities <FONT STYLE="background-color: white">and any payments on the securities. Similarly, the policies of the sponsor
of a fund underlying index (a &ldquo;<U>fund underlying index sponsor</U>&rdquo;) concerning the calculation of such fund underlying index
and the addition, deletion or substitution of securities comprising such fund underlying index and the manner in which such fund underlying
index sponsor takes account of certain changes affecting </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">such securities
may affect th</FONT>e level of such fund underlying index and the closing price of the shares of the related Fund and, therefore, may
affect the value of the securities and any payments on the securities. A fund underlying index sponsor may also discontinue or suspend
calculation or dissemination of such fund underlying index or materially alter the methodology by which it calculates such fund underlying
index. Any such actions could adversely affect the value of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>We Cannot Control Actions By Any Of The Unaffiliated
Companies Whose Securities Are Included In A Fund Or Its Fund Underlying Index.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Actions by any company whose securities are included
in a Fund or in its fund underlying index may have an adverse effect on the price of its security, the fund closing price of such Fund
on any calculation day and the value of the securities. Unless otherwise disclosed in any applicable underlying supplement or in the applicable
pricing supplement, we will not be affiliated with any of the companies whose security is represented in any Fund or its fund underlying
index. These unaffiliated companies will not be involved in the offering of the securities and will have no obligations with respect to
the securities, including any obligation to take our or your interests into consideration for any reason. These companies will not receive
any of the proceeds of the offering of the securities and will not be responsible for, and will not have participated in, the determination
of the timing of, prices for, or quantities of, the securities to be issued. These companies will not be involved with the administration,
marketing or trading of the securities and will have no obligations with respect to any amounts to be paid to you on the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>We And Our Affiliates Have No Affiliation With
Any Fund Sponsor Or Fund Underlying Index Sponsor And Have Not Independently Verified Their Public Disclosure Of Information.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We and our affiliates are not affiliated in any
way with any fund sponsor or fund underlying index sponsor (collectively, the &ldquo;<U>sponsors</U>&rdquo;) and have no ability to control
or predict their actions, including any errors in or discontinuation of disclosure regarding their methods or policies relating to the
management or calculation of the applicable Fund or its fund underlying index. We have derived the information about any Fund, its fund
underlying index and the related sponsors contained in any applicable underlying supplement or in the applicable pricing supplement from
publicly available information, without independent verification. You, as an investor in the securities, should make your own investigation
into any applicable Fund, its fund underlying index and the sponsors. The sponsors are not involved in the offering of the securities
made hereby in any way and have no obligation to consider your interests as an owner of the securities in taking any actions that might
affect the value of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>An Investment Linked To The Shares Of A Fund
Is Different From An Investment Linked To Its Fund Underlying Index.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The performance of the shares of a Fund may not
exactly replicate the performance of the related fund underlying index because such Fund may not invest in all of the securities included
in the related fund underlying index and because such Fund will reflect transaction costs and fees that are not included in the calculation
of the related fund underlying index. A Fund may also hold securities or derivative financial instruments not included in the related
fund underlying index. It is also possible that a Fund may not fully replicate the performance of its fund underlying index due to the
temporary unavailability of certain securities in the secondary market or due to other extraordinary circumstances. In addition, because
the shares of a Fund are traded on a securities exchange and are subject to market supply and investor demand, the value of a share of
a Fund may differ from the net asset value per share of such Fund. As a result, the performance of a Fund may not correlate perfectly
with the performance of the related fund underlying index, and the return on the securities based on the performance of a Fund will not
be the same as the return on securities based on the performance of the related fund underlying index.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>There Are Risks Associated With A Fund.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the shares of any Fund to which your
securities are linked will be listed for trading on a United States securities exchange and a number of similar products have been traded
on such securities exchanges for varying periods of time, there is no assurance that an active trading market will continue for the shares
of any Fund or that there will be liquidity in the trading market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, a Fund will be subject to management
risk, which is the risk that a fund sponsor&rsquo;s investment strategy, the implementation of which is subject to a number of constraints,
may not produce the intended results. For example, a fund sponsor may elect to invest certain of its assets in shares of equity securities
that are not included in the related fund underlying index. A Fund will also not be actively managed and may be affected by a general
decline in market segments relating to its fund underlying index. Further, a fund sponsor may invest in securities included in, or representative
of, the applicable fund underlying index regardless of their investment merits, and a fund sponsor will not attempt to take defensive
positions in declining markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further, under continuous listing standards adopted
by the relevant securities exchange, a Fund will be required to confirm on an ongoing basis that the securities included in its fund underlying
index satisfy the applicable listing requirements. In the event that a fund underlying index does not comply with the applicable listing
requirements, the applicable Fund would be required to rectify such non-compliance by requesting that the relevant fund underlying index
sponsor modify the relevant fund underlying index, transitioning to a new fund underlying index or obtaining relief from the SEC. There
can be no assurance that a fund underlying index sponsor would modify the relevant fund underlying index or that relief would be obtained
from the SEC and, therefore, non-compliance with the continuous listing standards may result in a Fund being delisted. If a Fund were
delisted, the calculation agent would select a successor fund or, if no successor fund is available, would determine the fund closing
price of such Fund on any date of determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These risks may adversely affect the price of
the shares of any applicable Fund and, consequently, the value of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Anti-dilution Adjustments Relating To The Shares
Of A Fund Do Not Address Every Event That Could Affect Such Shares.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An adjustment factor, as described herein, will
be used to determine the fund closing prices of a Fund. The adjustment factor for a Fund will be adjusted by the calculation agent for
certain events affecting the shares of such Fund. However, the calculation agent will not make an adjustment for every event that could
affect such shares. If an event occurs that does not require the calculation agent to adjust the adjustment factor, the value of the securities
may be adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Additional Risk Factors Relating to Securities
Linked to An Underlying Stock </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The Securities May Become Linked To The Common
Stock Of A Company Other Than An Original Underlying Stock Issuer.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Following certain corporate events relating to
an Underlying Stock, such as a stock-for-stock merger where the applicable Underlying Stock Issuer is not the surviving entity, the shares
of a successor corporation to such Underlying Stock Issuer will be substituted for such Underlying Stock for all purposes of the securities.
Following certain other corporate events relating to an Underlying Stock in which holders of such Underlying Stock would receive all of
their consideration in cash and the surviving entity has no marketable securities outstanding or there is no surviving entity (including,
but not limited to, a leveraged buyout or other going private transaction involving such Underlying Stock Issuer, or a liquidation of
such Underlying Stock Issuer), the common stock of another company in the same industry group as such Underlying Stock Issuer will be
substituted for such Underlying Stock for all purposes of the securities. Such substitution may also occur if an Underlying Stock consists
of ADSs and such ADSs are delisted or the applicable ADS facility is terminated. In any such event, the equity-linked nature of the securities
would be significantly altered. We describe the specific events that can lead to these adjustments and the procedures for selecting a
replacement stock in the section entitled &ldquo;General Terms of the Securities&mdash;Certain Terms for Securities Linked to an Underlying
Stock&mdash;Adjustment Events.&rdquo; The occurrence of such events and the consequent adjustments may materially and adversely affect
the value of the securities and any payments on the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>We Cannot Control Actions By An Underlying
Stock Issuer.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Actions by an Underlying Stock Issuer may have
an adverse effect on the price of such Underlying Stock, the stock closing price of such Underlying Stock on any calculation day and the
value of the securities. We are not affiliated with any Underlying Stock Issuer. No Underlying Stock Issuer will be involved in the offering
of the securities nor will any Underlying Stock Issuer have any obligations with respect to the securities, including any obligation to
take our interests or your interests into consideration for any reason. No Underlying Stock Issuer will receive any of the proceeds of
the offering of the securities nor will be responsible for, or will have participated in, the determination of the timing of, prices for,
or quantities of, the securities to be issued. No Underlying Stock Issuer will be involved with the administration, marketing or trading
of the securities nor will have any obligations with respect to any amounts payable on the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>We And Our Affiliates Have No Affiliation With
Any Underlying Stock Issuer And Have Not Independently Verified Their Public Disclosure Of Information. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We and our affiliates are not affiliated in any
way with any Underlying Stock Issuer. This product supplement and any applicable pricing supplement relates only to the securities and
does not relate to any Underlying Stock. The material provided in this product supplement and any applicable pricing supplement concerning
an Underlying Stock Issuer is derived from publicly available documents without independent verification. Neither we nor the agent has
participated in the preparation of any of those documents or made any &ldquo;due diligence&rdquo; investigation or any inquiry of the
Underlying Stock Issuers. Furthermore, neither we nor the agent knows whether any Underlying Stock Issuer has disclosed all events occurring
before the date of this product supplement or the applicable pricing supplement&mdash;including events that could affect the accuracy
or completeness of the publicly available documents referred to above. Subsequent disclosure of any event of this kind or the disclosure
of or failure to disclose material future events concerning an Underlying Stock Issuer could affect the value of the securities and any
payments on the securities. You, as an investor in the securities, should make your own investigation into any applicable Underlying Stock
Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, there can be no assurance that an
Underlying Stock Issuer will continue to be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the
&ldquo;<U>Exchange Act</U>&rdquo;), and will distribute any reports, proxy statements, and other information required thereby to its shareholders.
In the event that an Underlying Stock Issuer ceases to be subject to such reporting requirements and the securities continue to be outstanding,
pricing information for the securities may be more difficult to obtain and the value and liquidity of the securities may be adversely
affected. Neither we nor any agent is responsible for the public disclosure of information by any Underlying Stock Issuer, whether contained
in filings with the SEC or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>You Have Limited Anti-dilution Protection.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The calculation agent will, in its sole discretion,
adjust the adjustment factor of an Underlying Stock for certain events affecting such Underlying Stock, such as stock splits and stock
dividends, and certain other corporate actions involving the applicable Underlying</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Stock Issuer, such as mergers. However, the calculation
agent is not required to make an adjustment for every corporate event that can affect an Underlying Stock. For example, the calculation
agent is not required to make any adjustments to the adjustment factor of an Underlying Stock if the applicable Underlying Stock Issuer
or anyone else makes a partial tender or partial exchange offer for such Underlying Stock. Consequently, this could affect the value of
the securities and any payments on the securities. See &ldquo;General Terms of the Securities&mdash;Certain Terms for Securities Linked
to an Underlying Stock&mdash;Adjustment Events&rdquo; for a description of the general circumstances in which the calculation agent will
make adjustments to the adjustment factor of an Underlying Stock.<BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><A NAME="a_004"></A>Supplemental Use
of Proceeds and Hedging</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We intend to use the proceeds from each offering
(as indicated in the applicable pricing supplement) for our general corporate purposes, which may include the refinancing of our existing
indebtedness outside Switzerland. Credit Suisse (or any of its affiliates) may also use some or all of the proceeds from any offering
to hedge our obligations under the securities. In addition, we may also invest the proceeds temporarily in short-term securities. The
net proceeds will be applied exclusively outside Switzerland unless Swiss fiscal laws allow such usage in Switzerland without triggering
Swiss withholding taxes on payments of coupons on debt instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">One or more of our affiliates before and following
the issuance of any securities may acquire or dispose of positions relating to any Market Measure or listed or over-the-counter options,
futures contracts, forward contracts, swaps or options on the foregoing, or other derivatives or similar instruments linked or related
to, any Market Measure to hedge our obligations under the securities. In the course of pursuing such a hedging strategy, the price at
which such positions may be acquired or disposed of may affect the level of any Market Measure. We may also hedge our obligations under
the securities through WFS (or any of its affiliates). Although we and our affiliates have no reason to believe that our or their hedging
activities will have a material impact on the level of any Market Measure or the value of the securities, we cannot assure you that these
activities will not have such an effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From time to time after issuance and prior to
the maturity of the securities, depending on market conditions and other factors (including the level of any Market Measure), in connection
with hedging certain of the risks associated with the securities, we expect that one or more of our affiliates will increase or decrease
their initial hedging positions using dynamic hedging techniques and may take long or short positions in listed or over-the-counter options,
futures contracts, forward contracts, swaps or options on the foregoing, or other derivative or similar instruments linked or related
to, the Market Measure. These other hedging activities may occur from time to time before the securities mature and will depend on market
conditions and other factors (including the levels of the Market Measures). In addition, we or one or more of our affiliates may take
positions in other types of financial instruments that may become available in the future. To the extent that we, or one or more of our
affiliates, have a hedge position in any Market Measure(s) or in any instruments linked or related to any Market Measure(s), we or one
or more of our affiliates may liquidate a portion of those holdings at or about the time of the maturity or early redemption, if applicable,
of any securities. Depending, among other things, on future market conditions, the aggregate amount and composition of such positions
are likely to vary over time. Our or our affiliates&rsquo; hedging activities will not be limited to any particular exchange or market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, we or one or more of our affiliates
may purchase, or otherwise acquire a long or short position in, the securities from time to time and may, in our or its sole discretion,
hold, resell, exercise, cancel or retire such offered securities. We or one or more of our affiliates may also take hedging positions
in other types of appropriate financial instruments that may become available in the future. To the extent that we or one or more of our
affiliates have a hedge position in, or options, futures contracts, forward contracts, swaps or options on the foregoing, or other derivative
or similar instruments linked or related to, any Market Measure, we or one or more of our affiliates may liquidate all or a portion of
those holdings at or about the time of the maturity or early redemption of, or the payment of any interest or coupon(s) on, the securities.
Depending, among other things, on future market conditions and other factors, the aggregate amount and the composition of such positions
are likely to vary over time. Our or our affiliates&rsquo; hedging activities described in this section will not be limited to any particular
exchange or market and may be influenced by a number of factors. It is possible that we or one or more of our affiliates may receive a
profit from such hedging activities, even if the market value of the securities has declined. We are only able to determine profits or
losses from any such hedging position when such position is closed out and any offsetting hedging position(s) are taken into account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The original offering price of the securities
will include the commissions paid with respect to the securities and the cost of hedging our obligations under the securities. This cost
of hedging includes the projected profit that our subsidiaries expect to realize in consideration for assuming the risks inherent in managing
such hedging transactions. Since hedging our obligations entails risk and may be influenced by market forces beyond our or our subsidiaries&rsquo;
control, such hedging may result in a profit that is more or less than initially projected, or could result in a loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have no reason to believe that our hedging
activities, as well as those of our affiliates, will have a material impact on the price of such options, futures contracts, forward contracts,
swaps or options on the foregoing, or other derivative or similar instruments, or on the value of the securities or the Market Measures.
However, we cannot guarantee that our hedging activities, as well as those of our affiliates, will not affect such prices or values. We
will use the remainder of the proceeds from the sale of the securities for the general corporate purposes described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><A NAME="a_005"></A>General Terms of
the Securities</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit Suisse will issue the securities as senior
unsecured medium-term notes. Information included in this product supplement supersedes information in the accompanying prospectus supplement
and prospectus to the extent that it is different from that information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The specific terms of the securities will be described
in the applicable pricing supplement. If the terms described in the applicable pricing supplement are inconsistent with those described
herein or in the accompanying prospectus supplement, the terms described in the applicable pricing supplement shall control. Defined terms
used in this product supplement and not otherwise defined herein shall have the meanings ascribed to them in the accompanying prospectus
supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Certain Terms for Securities Linked to an Index </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt"><B><I>Certain Definitions</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>multiple exchange index</U>&rdquo;
means the EURO STOXX 50<SUP>&reg;</SUP> Index, the MSCI ACWI Index<SUP>&reg;</SUP>, the MSCI EAFE Index<SUP>&reg;</SUP>, the MSCI Emerging
Markets Index<SUP>SM</SUP>, and any other equity index designated as a multiple exchange index in the applicable pricing supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>trading day</U>&rdquo; with respect
to an Index (other than a multiple exchange index) means a day, as determined by the calculation agent, on which (i) the relevant stock
exchanges with respect to each security underlying such Index are scheduled to be open for trading for their respective regular trading
sessions and (ii) each related futures or options exchange with respect to such Index is scheduled to be open for trading for its regular
trading session.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>trading day</U>&rdquo; with respect
to a multiple exchange index means a day, as determined by the calculation agent, on which (i) the relevant index sponsor is scheduled
to publish the level of such Index and (ii) each related futures or options exchange with respect to such Index is scheduled to be open
for trading for its regular trading session.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>relevant stock exchange</U>&rdquo;
for any security underlying an Index means the primary exchange or quotation system on which such security is traded, as determined by
the calculation agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>related futures or options exchange</U>&rdquo;
for an Index means an exchange or quotation system where trading has a material effect (as determined by the calculation agent) on the
overall market for futures or options contracts relating to such Index.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>closing level</U>&rdquo; with respect
to an Index on any trading day means the official closing level of that Index reported by the relevant index sponsor on such trading day,
as obtained by the calculation agent on such trading day from the licensed third-party market data vendor contracted by the calculation
agent at such time; in particular, taking into account the decimal precision and/or rounding convention employed by such licensed third-party
market data vendor on such date.&nbsp;Currently, the calculation agent obtains market data from Thomson Reuters Ltd. The calculation agent
may change its market data vendor at any time without notice.&nbsp;The foregoing provisions of this definition of &ldquo;closing level&rdquo;
are subject to the provisions set forth below under &ldquo;&mdash;Market Disruption Events,&rdquo; &ldquo;&mdash;Adjustments to an Index,&rdquo;
&ldquo;&mdash;Discontinuance of an Index&rdquo; and &ldquo;General Terms of the Securities&mdash;Consequences of a Market Disruption Event;
Postponement of a Calculation Day.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt"><B><I>Market Disruption Events </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>market disruption event</U>&rdquo;
with respect to an Index (other than a multiple exchange index) means any of the following events as determined by the calculation agent
in its sole discretion:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(A)</TD><TD STYLE="text-align: justify">The occurrence or existence of a material suspension of or limitation imposed on trading by the relevant
stock exchanges or otherwise relating to securities which then comprise 20% or more of the level of such Index or any successor equity
index at any time during the one-hour period that ends at the close of trading on that day, whether by reason of movements in price exceeding
limits permitted by those relevant stock exchanges or otherwise.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(B)</TD><TD STYLE="text-align: justify">The occurrence or existence of a material suspension of or limitation imposed on trading by any related
futures or options exchange or otherwise in futures or options contracts relating to such Index or any successor equity index on any related
futures or options exchange at any time during the one-hour period that ends at the close of trading on that day, whether by reason of
movements in price exceeding limits permitted by the related futures or options exchange or otherwise.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(C)</TD><TD STYLE="text-align: justify">The occurrence or existence of any event, other than an early closure, that materially disrupts or impairs
the ability of market participants in general to effect transactions in, or obtain market values for, securities that then comprise 20%
or more of the level of such Index or any successor equity index on their relevant stock exchanges at any time during the one-hour period
that ends at the close of trading on that day.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(D)</TD><TD STYLE="text-align: justify">The occurrence or existence of any event, other than an early closure, that materially disrupts or impairs
the ability of market participants in general to effect transactions in, or obtain market values for, futures or options contracts relating
to such </TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-indent: 0in">Index or any successor equity index on any related
futures or options exchange at any time during the one-hour period that ends at the close of trading on that day.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(E)</TD><TD STYLE="text-align: justify">The closure on any exchange business day of the relevant stock exchanges on which securities that then
comprise 20% or more of the level of such Index or any successor equity index are traded or any related futures or options exchange with
respect to such Index or any successor equity index prior to its scheduled closing time unless the earlier closing time is announced by
the relevant stock exchange or related futures or options exchange, as applicable, at least one hour prior to the earlier of (1) the actual
closing time for the regular trading session on such relevant stock exchange or related futures or options exchange, as applicable, and
(2) the submission deadline for orders to be entered into the relevant stock exchange or related futures or options exchange, as applicable,
system for execution at such actual closing time on that day.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(F)</TD><TD STYLE="text-align: justify">The relevant stock exchange for any security underlying such Index or successor equity index or any related
futures or options exchange with respect to such Index or successor equity index fails to open for trading during its regular trading
session.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes of determining whether a market disruption
event has occurred with respect to an Index (other than a multiple exchange index):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">the relevant percentage contribution of a security to the level of such Index or any successor equity
index will be based on a comparison of (x) the portion of the level of such Index attributable to that security and (y) the overall level
of such Index or successor equity index, in each case immediately before the occurrence of the market disruption event;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">the &ldquo;<U>close of trading</U>&rdquo; on any trading day for such Index or any successor equity index
means the scheduled closing time of the relevant stock exchanges with respect to the securities underlying such Index or successor equity
index on such trading day; <I>provided</I> that, if the actual closing time of the regular trading session of any such relevant stock
exchange is earlier than its scheduled closing time on such trading day, then (x) for purposes of clauses (A) and (C) of the definition
of &ldquo;market disruption event&rdquo; above, with respect to any security underlying such Index or successor equity index for which
such relevant stock exchange is its relevant stock exchange, the &ldquo;close of trading&rdquo; means such actual closing time and (y)
for purposes of clauses (B) and (D) of the definition of &ldquo;market disruption event&rdquo; above, with respect to any futures or options
contract relating to such Index or successor equity index, the &ldquo;close of trading&rdquo; means the latest actual closing time of
the regular trading session of any of the relevant stock exchanges, but in no event later than the scheduled closing time of the relevant
stock exchanges;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">the &ldquo;<U>scheduled closing time</U>&rdquo; of any relevant stock exchange or related futures or options
exchange on any trading day for such Index or any successor equity index means the scheduled weekday closing time of such relevant stock
exchange or related futures or options exchange on such trading day, without regard to after hours or any other trading outside the regular
trading session hours; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">an &ldquo;<U>exchange business day</U>&rdquo; means any trading day for such Index or any successor equity
index on which each relevant stock exchange for the securities underlying such Index or any successor equity index and each related futures
or options exchange with respect to such Index or any successor equity index are open for trading during their respective regular trading
sessions, notwithstanding any such relevant stock exchange or related futures or options exchange closing prior to its scheduled closing
time.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>market disruption event</U>&rdquo;
with respect to a multiple exchange index means, any of (A), (B), (C) or (D) below, as determined by the calculation agent in its sole
discretion:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 0.25in">(A)</TD><TD STYLE="text-align: justify">Any of the following events occurs or exists with respect to any security included in such Index or any
successor equity index, and the aggregate of all securities included in such Index or successor equity index with respect to which any
such event occurs comprise 20% or more of the level of such Index or successor equity index:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a material
suspension of or limitation imposed on trading by the relevant stock exchange for such security or otherwise at any time during the one-hour
period that ends at the scheduled closing time for the relevant stock exchange for such security on that day, whether by reason of movements
in price exceeding limits permitted by the relevant stock exchange or otherwise;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">any
event, other than an early closure, that materially disrupts or impairs the ability of market participants in general to effect transactions
in, or obtain market values for, such security on its relevant stock exchange at any time during the one-hour period that ends at the
scheduled closing time for the relevant stock exchange for such security on that day; or</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the
closure on any exchange business day of the relevant stock exchange for such security prior to its scheduled closing time unless the
earlier closing is announced by such relevant stock exchange at least one hour prior to the earlier of (i) the actual closing time for
the regular trading session on such relevant stock exchange and (ii) the </FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.25in; text-indent: 0in">submission deadline for orders to be entered into
the relevant stock exchange system for execution at the scheduled closing time for such relevant stock exchange on that day.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 0.25in">(B)</TD><TD STYLE="text-align: justify">Any of the following events occurs or exists with respect to futures or options contracts relating to
such Index or any successor equity index:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a material suspension of or limitation imposed
on trading by any related futures or options exchange or otherwise at any time during the one-hour period that ends at the close of trading
on such related futures or options exchange on that day, whether by reason of movements in price exceeding limits permitted by the related
futures or options exchange or otherwise;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">any event, other than an early closure, that
materially disrupts or impairs the ability of market participants in general to effect transactions in, or obtain market values for, futures
or options contracts relating to such Index or successor equity index on any related futures or options exchange at any time during the
one-hour period that ends at the close of trading on such related futures or options exchange on that day; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the closure on any exchange business day of any
related futures or options exchange prior to its scheduled closing time unless the earlier closing time is announced by such related futures
or options exchange at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on such related
futures or options exchange and (ii) the submission deadline for orders to be entered into the related futures or options exchange system
for execution at the close of trading for such related futures or options exchange on that day.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 0.25in">(C)</TD><TD STYLE="text-align: justify">The relevant index sponsor fails to publish the level of such Index or any successor equity index (other
than as a result of the relevant index sponsor having discontinued publication of such Index or successor equity index and no successor
equity index being available).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 0.25in">(D)</TD><TD STYLE="text-align: justify">Any related futures or options exchange fails to open for trading during its regular trading session.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes of determining whether a market disruption
event has occurred with respect to a multiple exchange index:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 18pt">(1)</TD><TD STYLE="text-align: justify">the relevant percentage contribution of a security included in such Index or any successor equity index
to the level of such Index will be based on a comparison of (x) the portion of the level of such Index or any successor equity index attributable
to that security to (y) the overall level of such index, in each case using the official opening weightings as published by the relevant
index sponsor as part of the market opening data;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 18pt">(2)</TD><TD STYLE="text-align: justify">the &ldquo;<U>scheduled closing time</U>&rdquo; of any relevant stock exchange or related futures or options
exchange on any trading day means the scheduled weekday closing time of such relevant stock exchange or related futures or options exchange
on such trading day, without regard to after hours or any other trading outside the regular trading session hours; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 18pt">(3)</TD><TD STYLE="text-align: justify">an &ldquo;<U>exchange business day</U>&rdquo; means any trading day on which (i) the relevant index sponsor
publishes the level of such index or any successor equity index and (ii) each related futures or options exchange is open for trading
during its regular trading session, notwithstanding any related futures or options exchange closing prior to its scheduled closing time.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Adjustments to an Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If at any time the method of calculating an Index
or a successor equity index, or the closing level thereof, is changed in a material respect, or if an Index or a successor equity index
is in any other way modified so that such index does not, in the opinion of the calculation agent, fairly represent the level of such
index had those changes or modifications not been made, then the calculation agent will, at the close of business in New York, New York,
on each date that the closing level of such index is to be calculated, make such calculations and adjustments as, in the good faith judgment
of the calculation agent, may be necessary in order to arrive at a level of an index comparable to such Index or successor equity index
as if those changes or modifications had not been made, and the calculation agent will calculate the closing level of such Index or successor
equity index with reference to such index, as so adjusted. Accordingly, if the method of calculating an Index or successor equity index
is modified so that the level of such index is a fraction or a multiple of what it would have been if it had not been modified (<I>e.g.</I>,
due to a split or reverse split in such equity index), then the calculation agent will adjust such Index or successor equity index in
order to arrive at a level of such index as if it had not been modified (<I>e.g.</I>, as if the split or reverse split had not occurred).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Discontinuance of an Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an index sponsor discontinues publication of
an Index, and such index sponsor or another entity publishes a successor or substitute equity index that the calculation agent determines,
in its sole discretion, to be comparable to such Index (a &ldquo;<U>successor equity index</U>&rdquo;), then, upon the calculation agent&rsquo;s
notification of that determination to the trustee and Credit Suisse, the calculation agent will substitute the successor equity index
as calculated by the relevant index sponsor or any other entity for purposes of calculating the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">closing level of such Index on any date of determination,
with such adjustments as the calculation agent determines are appropriate to account for the economic effect of such substitution on holders
of the securities. Upon any selection by the calculation agent of a successor equity index, Credit Suisse will cause notice to be given
to holders of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event that an index sponsor discontinues
publication of an Index prior to, and the discontinuance is continuing on, a calculation day and the calculation agent determines that
no successor equity index is available at such time, the calculation agent will calculate a substitute closing level for such Index in
accordance with the formula for and method of calculating such Index last in effect prior to the discontinuance, but using only those
securities that comprised such Index immediately prior to that discontinuance. If a successor equity index is selected or the calculation
agent calculates a level as a substitute for such Index, the successor equity index or level will be used as a substitute for such Index
for all purposes, including the purpose of determining whether a market disruption event exists.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If on a calculation day an index sponsor fails
to calculate and announce the level of an Index, the calculation agent will calculate a substitute closing level of such Index in accordance
with the formula for and method of calculating such Index last in effect prior to the failure, but using only those securities that comprised
such Index immediately prior to that failure; <I>provided</I> that, if a market disruption event occurs or is continuing on such day with
respect to such Index, then the provisions set forth below under &ldquo;General Terms of the Securities&mdash;Consequences of a Market
Disruption Event; Postponement of a Calculation Day&rdquo; shall apply in lieu of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding these alternative arrangements,
discontinuance of the publication of, or the failure by the relevant index sponsor to calculate and announce the level of, an Index may
adversely affect the value of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Certain Terms for Securities Linked to a Fund </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt"><B><I>Certain Definitions</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>trading day</U>&rdquo; with respect
to a Fund means a day, as determined by the calculation agent, on which the relevant stock exchange and each related futures or options
exchange with respect to such Fund or any successor thereto, if applicable, are scheduled to be open for trading for their respective
regular trading sessions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>relevant stock exchange</U>&rdquo;
for a Fund means the primary exchange or quotation system on which shares (or other applicable securities) of such Fund are traded, as
determined by the calculation agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>related futures or options exchange</U>&rdquo;
for a Fund means each exchange or quotation system where trading has a material effect (as determined by the calculation agent) on the
overall market for futures or options contracts relating to such Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>closing price</U>&rdquo; for one
share of a Fund (or one unit of any other security for which a closing price must be determined) on any trading day means the official
closing price on such day published by the principal United States securities exchange registered under the Exchange Act, on which such
Fund (or any such other security) is listed or admitted to trading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>fund closing price</U>&rdquo; with
respect to a Fund on any trading day means the product of (i) the closing price of one share of such Fund (or one unit of any other security
for which a fund closing price must be determined) on such trading day and (ii) the adjustment factor applicable to such Fund on such
trading day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>adjustment factor</U>&rdquo; means,
with respect to a share of a Fund (or one unit of any other security for which a fund closing price must be determined), 1.0, subject
to adjustment in the event of certain events affecting the shares of such Fund. See &ldquo;&mdash;Anti-dilution Adjustments Relating to
a Fund; Alternate Calculation&rdquo; below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt"><B><I>Market Disruption Events </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>market disruption event</U>&rdquo;
with respect to a Fund means any of the following events as determined by the calculation agent in its sole discretion:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="background-color: white">(A)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">The occurrence or existence of a material suspension of or limitation
imposed on trading by the relevant stock exchange or otherwise relating to the shares (or other applicable securities) of such Fund or
any successor fund on the relevant stock exchange at any time during the one-hour period that ends at the close of trading on such day,
whether by reason of movements in price exceeding limits permitted by such relevant stock exchange or otherwise. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="background-color: white">(B)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">The occurrence or existence of a material suspension of or limitation
imposed on trading by any related futures or options exchange or otherwise in futures or options contracts relating to the shares (or
other applicable securities) of such Fund or any successor fund on any related futures or options exchange at any time during the one-hour
period that ends at the close of trading on that day, whether by reason of movements in price exceeding limits permitted by the related
futures or options exchange or otherwise. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="background-color: white">(C)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">The occurrence or existence of any event, other than an early closure,
that materially disrupts or impairs the ability of market participants in general to effect transactions in, or obtain market values for,
shares (or other applicable securities) of </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; margin-left: 45pt; text-indent: 0in">such Fund or any successor fund on the relevant
stock exchange at any time during the one-hour period that ends at the close of trading on that day.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="background-color: white">(D)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">The occurrence or existence of any event, other than an early closure,
that materially disrupts or impairs the ability of market participants in general to effect transactions in, or obtain market values for,
futures or options contracts relating to shares (or other applicable securities) of such Fund or any successor fund on any related futures
or options exchange at any time during the one-hour period that ends at the close of trading on that day. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="background-color: white">(E)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">The closure of the relevant stock exchange or any related futures
or options exchange with respect to such Fund or any successor fund prior to its scheduled closing time unless the earlier closing time
is announced by the relevant stock exchange or related futures or options exchange, as applicable, at least one hour prior to the earlier
of (1)&nbsp;the actual closing time for the regular trading session on such relevant stock exchange or related futures or options exchange,
as applicable, and (2)&nbsp;the submission deadline for orders to be entered into the relevant stock exchange or related futures or options
exchange, as applicable, system for execution at the close of trading on that day.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="background-color: white">(F)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">The relevant stock exchange or any related futures or options exchange
with respect to such Fund or any successor fund fails to open for trading during its regular trading session.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">For purposes
of determining whether a market disruption event has occurred with respect to a Fund:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="background-color: white">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">&ldquo;<U>close of trading</U>&rdquo; means the scheduled closing
time of the relevant stock exchange with respect to such Fund or any successor fund; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="background-color: white">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white">the &ldquo;<U>scheduled closing time</U>&rdquo; of the relevant
stock exchange or any related futures or options exchange on any trading day for such Fund or any successor fund means the scheduled weekday
closing time of such relevant stock exchange or related futures or options exchange on such trading day, without regard to after hours
or any other trading outside the regular trading session hours.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>Anti-dilution Adjustments
Relating to a Fund; Alternate Calculation </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.2pt"><FONT STYLE="background-color: white"><B><I>Anti-dilution
Adjustments </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The calculation agent will adjust the adjustment
factor with respect to a Fund as specified below if any of the events specified below occurs with respect to such Fund and the effective
date or ex-dividend date, as applicable, for such event is after the pricing date and on or prior to the final calculation day for such
Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The adjustments specified below do not cover all
events that could affect a Fund, and there may be other events that could affect a Fund for which the calculation agent will not make
any such adjustments, including, without limitation, an ordinary cash dividend. Nevertheless, the calculation agent may, in its sole discretion,
make additional adjustments to any terms of the securities upon the occurrence of other events that affect or could potentially affect
the market price of, or shareholder rights in, a Fund, with a view to offsetting, to the extent practical, any such change, and preserving
the relative investment risks of the securities.&nbsp; In addition, the calculation agent may, in its sole discretion, make adjustments
or a series of adjustments that differ from those described herein if the calculation agent determines that such adjustments do not properly
reflect the economic consequences of the events specified in this product supplement or would not preserve the relative investment risks
of the securities.&nbsp; All determinations made by the calculation agent in making any adjustments to the terms of the securities, including
adjustments that are in addition to, or that differ from, those described in this product supplement, will be made in good faith and a
commercially reasonable manner, with the aim of ensuring an equitable result.&nbsp; In determining whether to make any adjustment to the
terms of the securities, the calculation agent may consider any adjustment made by the Options Clearing Corporation or any other equity
derivatives clearing organization on options contracts on the affected Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For any event described below, the calculation
agent will not be required to adjust the adjustment factor for a Fund unless the adjustment would result in a change to such adjustment
factor then in effect of at least 0.10%. The adjustment factor resulting from any adjustment will be rounded up or down, as appropriate,
to the nearest one-hundred thousandth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.5pt"></TD><TD STYLE="width: 24.5pt">(A)</TD><TD STYLE="text-align: justify"><I>Stock Splits and Reverse Stock Splits</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">If a stock split or reverse stock split
has occurred with respect to a Fund, then once such split has become effective, the adjustment factor for such Fund will be adjusted to
equal the product of the prior adjustment factor for such Fund and the number of securities which a holder of one share (or other applicable
security) of such Fund before the effective date of such stock split or reverse stock split would have owned or been entitled to receive
immediately following the applicable effective date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.5pt"></TD><TD STYLE="width: 24.5pt">(B)</TD><TD STYLE="text-align: justify"><I>Stock Dividends</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">If a dividend or distribution of shares
(or other applicable securities) of a Fund has been made by such Fund ratably to all holders of record of such shares (or other applicable
security), then the adjustment factor for such Fund will be adjusted on the ex-</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">dividend date to equal the prior adjustment
factor for such Fund plus the product of the prior adjustment factor for such Fund and the additional number of shares (or other applicable
security) of such Fund which a holder of one share (or other applicable security) of such Fund before the ex-dividend date would have
been entitled to receive immediately following that date; <I>provided</I>, however, that no adjustment will be made for a distribution
for which the number of securities of such Fund paid or distributed is based on a fixed cash equivalent value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.5pt"></TD><TD STYLE="width: 24.5pt">(C)</TD><TD STYLE="text-align: justify"><I>Extraordinary Dividends</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">If an extraordinary dividend (as defined
below) has occurred with respect to a Fund, then the adjustment factor for such Fund will be adjusted on the ex-dividend date to equal
the product of the prior adjustment factor for such Fund and a fraction, the numerator of which is the closing price per share (or other
applicable security) of such Fund on the trading day preceding the ex-dividend date, and the denominator of which is the amount by which
the closing price per share (or other applicable security) of such Fund on the trading day preceding the ex-dividend date exceeds the
extraordinary dividend amount (as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">For purposes of determining whether an
extraordinary dividend has occurred:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45pt"></TD><TD STYLE="width: 18pt">(1)</TD><TD STYLE="text-align: justify">&ldquo;<U>extraordinary dividend</U>&rdquo; means any cash dividend or distribution (or portion thereof)
that the calculation agent determines, in its sole discretion, is extraordinary or special; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45pt"></TD><TD STYLE="width: 18pt">(2)</TD><TD STYLE="text-align: justify">&ldquo;<U>extraordinary dividend amount</U>&rdquo; with respect to an extraordinary dividend for the securities
of a Fund will equal the amount per share (or other applicable security) of such Fund of the applicable cash dividend or distribution
that is attributable to the extraordinary dividend, as determined by the calculation agent in its sole discretion.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">A distribution on the securities of a
Fund described below under the section entitled &ldquo;&mdash;Reorganization Events&rdquo; below that also constitutes an extraordinary
dividend will only cause an adjustment pursuant to that &ldquo;&mdash;Reorganization Events&rdquo; section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.5pt"></TD><TD STYLE="width: 24.5pt">(D)</TD><TD STYLE="text-align: justify"><I>Other Distributions</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">If a Fund declares or makes a distribution
to all holders of the shares (or other applicable security) of such Fund of any non-cash assets, excluding dividends or distributions
described under the section entitled &ldquo;&mdash;Stock Dividends&rdquo; above, then the calculation agent may, in its sole discretion,
make such adjustment (if any) to the adjustment factor as it deems appropriate in the circumstances. If the calculation agent determines
to make an adjustment pursuant to this paragraph, it will do so with a view to offsetting, to the extent practical, any change in the
economic position of a holder of the securities that results solely from the applicable event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.5pt"></TD><TD STYLE="width: 24.5pt">(E)</TD><TD STYLE="text-align: justify"><I>Reorganization Events</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">If a Fund, or any successor fund, is
subject to a merger, combination, consolidation or statutory exchange of securities with another exchange traded fund, and such Fund is
not the surviving entity (a &ldquo;<U>reorganization event</U>&rdquo;), then, on or after the date of such event, the calculation agent
shall, in its sole discretion, make an adjustment to the adjustment factor for such Fund or the method of determining the maturity payment
amount or any other terms of the securities as the calculation agent determines appropriate to account for the economic effect on the
securities of such event, and determine the effective date of that adjustment. If the calculation agent determines that no adjustment
that it could make will produce a commercially reasonable result, then the calculation agent may deem such event a liquidation event (as
defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.2pt"><B><I>Liquidation Events </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a Fund is de-listed, liquidated or otherwise
terminated (a &ldquo;<U>liquidation event</U>&rdquo;), and a successor or substitute exchange traded fund exists that the calculation
agent determines, in its sole discretion, to be comparable to such Fund, then, upon the calculation agent&rsquo;s notification of that
determination to the trustee and Credit Suisse, any subsequent fund closing price for such Fund will be determined by reference to the
fund closing price of such successor or substitute exchange traded fund (such exchange traded fund being referred to herein as a &ldquo;<U>successor
fund</U>&rdquo;), with such adjustments as the calculation agent determines are appropriate to account for the economic effect of such
substitution on holders of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a Fund undergoes a liquidation event prior
to, and such liquidation event is continuing on, the date that any fund closing price of such Fund is to be determined and the calculation
agent determines that no successor fund is available at such time, then the calculation agent will, in its discretion, calculate the fund
closing price for such Fund on such date by a computation methodology that the calculation agent determines will as closely as reasonably
possible replicate such Fund, <I>provided</I> that if the calculation agent determines in its discretion that it is not practicable to
replicate such Fund (including but not limited to the instance in which a fund underlying index sponsor discontinues publication of the
relevant fund underlying index), then the calculation agent will calculate the fund closing price for such Fund by a computation methodology
that the calculation agent determines will as closely as reasonably possible replicate the performance of such discontinued Fund immediately
prior to such liquidation event without any rebalancing or substitution of securities following such liquidation event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a successor fund is selected or the calculation
agent calculates the fund closing price as a substitute for a Fund, such successor fund or </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> fund closing price will be used as a
substitute for such Fund for all purposes, including for purposes of determining whether a market disruption event exists with
respect to such Fund. Notwithstanding these alternative arrangements, a liquidation event with respect to a Fund may adversely
affect the value of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any event is both a reorganization event and
a liquidation event, such event will be treated as a reorganization event for purposes of the securities unless the calculation agent
makes the determination referenced in the last sentence of the section entitled &ldquo;&mdash;Anti-dilution Adjustments&mdash;Reorganization
Events&rdquo; above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt"><B><I>Alternate Calculation</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If at any time the method of calculating a Fund
or a successor fund, or the related fund underlying index, is changed in a material respect, or if a Fund or a successor fund is in any
other way modified so that such fund does not, in the opinion of the calculation agent, fairly represent the price of the securities of
such Fund or such successor fund had such changes or modifications not been made, then the calculation agent may, at the close of business
in New York City on the date that any fund closing price is to be determined, make such calculations and adjustments as, in the good faith
judgment of the calculation agent, may be necessary in order to arrive at a closing price of an exchange traded fund comparable to such
Fund or such successor fund, as the case may be, as if such changes or modifications had not been made, and calculate the fund closing
price of such Fund and determine the maturity payment amount and any other terms of the securities with reference to such adjusted closing
price of such Fund or such successor fund, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Certain Terms for Securities Linked to an Underlying Stock </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt"><B><I>Certain Definitions </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>trading day</U>&rdquo; with respect
to an Underlying Stock means a day, as determined by the calculation agent, on which trading is generally conducted on the principal trading
market for such Underlying Stock (as determined by the calculation agent, in its sole discretion), the Chicago Mercantile Exchange and
the Chicago Board Options Exchange and in the over-the-counter market for equity securities in the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>closing price</U>&rdquo; for one
share of an Underlying Stock (or one unit of any other security for which a closing price must be determined) on any trading day means:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">if such Underlying Stock (or any such other security)
is listed or admitted to trading on a national securities exchange, the official closing price on such day published by the principal
United States securities exchange registered under the Exchange Act on which such Underlying Stock (or any such other security) is listed
or admitted to trading; or </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">if such Underlying Stock (or any such other security)
is not listed or admitted to trading on any national securities exchange but is included in the OTC Bulletin Board Service operated by
the Financial Industry Regulatory Authority, Inc. (&ldquo;<U>FINRA</U>&rdquo;), the last reported sale price of the principal trading
session on the OTC Bulletin Board Service on such day.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If such Underlying Stock (or any such other security)
is listed or admitted to trading on any national securities exchange but the official closing price is not available pursuant to the preceding
sentence, then the closing price for one share of such Underlying Stock (or one unit of any such other security) on any trading day will
mean the last reported sale price of the principal trading session on the over-the-counter market as reported on the OTC Bulletin Board
Service on such day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the official closing price or the last reported
sale price, as applicable, for such Underlying Stock (or any such other security) is not available pursuant to either of the two preceding
sentences, then the closing price per share for any trading day will be the mean, as determined by the calculation agent, of the bid price
for such Underlying Stock (or any such other security) obtained from as many recognized dealers in such security, but not exceeding three,
as will make such bid prices available to the calculation agent. Bids of CSI, WFS or any of their respective affiliates may be included
in the calculation of such mean, but only to the extent that any such bid is the highest of the bids obtained. The term &ldquo;<U>OTC
Bulletin Board Service</U>&rdquo; will include any successor service thereto or, if the OTC Bulletin Board Service is discontinued and
there is no successor service thereto, the OTC Reporting Facility operated by FINRA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>stock closing price</U>&rdquo; with
respect to an Underlying Stock on a trading day, means the product of the closing price of such Underlying Stock and the adjustment factor
for such Underlying Stock, each on such trading day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>adjustment factor</U>&rdquo; for
an Underlying Stock is initially 1.0. The adjustment factor for an Underlying Stock will remain constant for the term of the securities,
subject to adjustment for certain corporate events relating to the applicable Underlying Stock Issuer as described in the section entitled
&ldquo;&mdash;Adjustment Events&rdquo; below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt"><B><I>Market Disruption Events </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &ldquo;<U>market disruption event</U>&rdquo;
means, with respect to an Underlying Stock, the occurrence or existence of any of the following events:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a suspension,
absence or material limitation of trading in such Underlying Stock on its primary market for more than two hours of trading or during
the one-half hour before the close of trading in that market, as determined by the calculation agent in its sole discretion;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -13.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a suspension,
absence or material limitation of trading in option or futures contracts relating to such Underlying Stock, if available, in the primary
market for those contracts for more than two hours of trading or during the one-half hour before the close of trading in that market,
as determined by the calculation agent in its sole discretion;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -13.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">such
Underlying Stock does not trade on the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market or what was
the primary market for such Underlying Stock, as determined by the calculation agent in its sole discretion; or</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -13.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">any
other event, if the calculation agent determines in its sole discretion that the event materially interferes with our ability or the
ability of any of our affiliates to unwind all or a material portion of a hedge with respect to the securities that we or our affiliates
have effected or may effect.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following events will not be a market disruption
event with respect to an Underlying Stock:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a limitation
on the hours or number of days of trading in such Underlying Stock in its primary market, but only if the limitation results from an
announced change in the regular business hours of the relevant market; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -13.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a decision
to permanently discontinue trading in the option or futures contracts relating to such Underlying Stock.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For this purpose, a &ldquo;suspension, absence
or material limitation of trading&rdquo; in the applicable market will not include any time when that market is itself closed for trading
under ordinary circumstances. In contrast, a &ldquo;suspension, absence or material limitation of trading&rdquo; in the applicable market
for such Underlying Stock or option or futures contracts relating to such Underlying Stock, as applicable, by reason of any of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a price
change exceeding limits set by that market;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">an
imbalance of orders relating to such Underlying Stock or those contracts; or</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a disparity
in bid and asked quotes relating to such Underlying Stock or those contracts</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">will constitute a &ldquo;suspension, absence or
material limitation of trading&rdquo; in such Underlying Stock or those contracts, as the case may be, in the applicable market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Adjustment Events</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The adjustment factor for an Underlying Stock
is initially 1.0. However, the adjustment factor for an Underlying Stock is subject to adjustment by the calculation agent as a result
of the dilution and reorganization events described in this section. The adjustments described below do not cover all events that could
affect the Underlying Stocks and, consequently, the value of your securities, such as a tender or exchange offer by the applicable Underlying
Stock Issuer for such Underlying Stock at a premium to its market price or a tender or exchange offer made by a third party for less than
all outstanding shares of such Underlying Stock. We describe the risks relating to dilution above under &ldquo;Risk Factors&mdash;Additional
Risk Factors Relating to Securities Linked to An Underlying Stock&mdash;You Have Limited Anti-dilution Protection.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>How adjustments will be made</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If one of the events described below occurs with
respect to an Underlying Stock and the calculation agent determines that the event has a dilutive or concentrative effect on the market
price of such Underlying Stock, the calculation agent will calculate a corresponding adjustment to the adjustment factor for such Underlying
Stock as the calculation agent deems appropriate to account for that dilutive or concentrative effect. For example, if an adjustment is
required because of a two-for-one stock split, then the adjustment factor for such Underlying Stock will be adjusted by the calculation
agent by multiplying the existing adjustment factor by a fraction whose numerator is the number of shares of such Underlying Stock outstanding
immediately after the stock split and whose denominator is the number of shares of such Underlying Stock outstanding immediately prior
to the stock split. Consequently, the adjustment factor for such Underlying Stock will be adjusted to double the prior adjustment factor,
due to the corresponding decrease in the market price of such Underlying Stock. Adjustments to the adjustment factor for an Underlying
Stock will be made for events with an effective date or ex-dividend date, as applicable, from but excluding the pricing date to and including
the applicable calculation day for such Underlying Stock (the &ldquo;<U>adjustment period</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The calculation agent will also determine the
effective date of that adjustment, and the replacement of an Underlying Stock, if applicable, in the event of a consolidation or merger
or certain other events in respect of the applicable Underlying Stock Issuer. Upon making any such adjustment, the calculation agent will
give notice as soon as practicable to the trustee and the paying agent, stating the adjustment to the adjustment factor of such Underlying
Stock. The calculation agent will not be required to make any adjustments to the adjustment factor for purposes of calculating the stock
closing price for a calculation day after the close of business on such calculation day; <I>provided </I>that any such adjustments to
the adjustment factor will be taken into account for purposes of determining the stock closing price for any subsequent calculation day.
In no event, however, will an anti-dilution adjustment to the adjustment factor of an Underlying Stock during the term of the securities
be deemed to change the face amount per security.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If more than one event requiring adjustment occurs
with respect to an Underlying Stock, the calculation agent will make an adjustment for each event in the order in which the events occur,
and on a cumulative basis. Thus, having made an adjustment for the first event, the calculation agent will adjust the adjustment factor
for such Underlying Stock for the second event, applying the required adjustment to the adjustment factor for such Underlying Stock as
already adjusted for the first event, and so on for any subsequent events.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For any dilution event described below, other
than a consolidation or merger, the calculation agent will not have to adjust the adjustment factor for an Underlying Stock unless the
adjustment would result in a change to the adjustment factor of such Underlying Stock then in effect of at least 0.10%. The adjustment
factor of such Underlying Stock resulting from any adjustment will be rounded up or down, as appropriate, to the nearest one-hundred thousandth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an event requiring an anti-dilution adjustment
occurs with respect to an Underlying Stock, the calculation agent will make the adjustment with a view to offsetting, to the extent practical,
any change in your economic position relative to your securities that results solely from that event. The calculation agent may, in its
sole discretion, modify the anti-dilution adjustments as necessary to ensure an equitable result.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The calculation agent will make all determinations
with respect to anti-dilution adjustments, including any determination as to whether an event requiring adjustment has occurred with respect
to an Underlying Stock, as to the nature of the adjustment required for such Underlying Stock and how it will be made or as to the value
of any property distributed in a reorganization event, and will do so in its sole discretion. In the absence of manifest error, those
determinations will be conclusive for all purposes and will be binding on you and us, without any liability on the part of the calculation
agent. You will not be entitled to any compensation from us for any loss suffered as a result of any of these determinations by the calculation
agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any of the adjustments specified below is required
to be made with respect to an amount or value of any cash or other property that is distributed by an Underlying Stock Issuer organized
outside the United States, such amount or value will be converted to U.S. dollars, as applicable, and will be reduced by any applicable
foreign withholding taxes that would apply to such distribution if such distribution were paid to a U.S. person that is eligible for the
benefits of an applicable income tax treaty, if any, between the United States and the jurisdiction of organization of such Underlying
Stock Issuer, as determined by the calculation agent, in its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No adjustments will be made for certain other
events, such as offerings of common stock by an Underlying Stock Issuer for cash or in connection with the occurrence of a partial tender
or exchange offer for an Underlying Stock by the Underlying Stock Issuer of such Underlying Stock or any other person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Stock Splits and Reverse Stock Splits</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A stock split is an increase in the number of
a corporation&rsquo;s outstanding shares of stock without any change in its stockholders&rsquo; equity. Each outstanding share will be
worth less as a result of a stock split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A reverse stock split is a decrease in the number
of a corporation&rsquo;s outstanding shares of stock without any change in its stockholders&rsquo; equity. Each outstanding share will
be worth more as a result of a reverse stock split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an Underlying Stock is subject to a stock split
or a reverse stock split, then once the split has become effective the calculation agent will adjust the adjustment factor for such Underlying
Stock to equal the product of the prior adjustment factor of such Underlying Stock and the number of shares issued in such stock split
or reverse stock split with respect to one share of such Underlying Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Stock Dividends</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In a stock dividend, a corporation issues additional
shares of its stock to all holders of its outstanding stock in proportion to the shares they own. Each outstanding share will be worth
less as a result of a stock dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an Underlying Stock is subject to a stock dividend
payable in shares of such Underlying Stock that is given ratably to all holders of shares of such Underlying Stock, then once the dividend
has become effective the calculation agent will adjust the adjustment factor for such Underlying Stock on the ex-dividend date to equal
the sum of the prior adjustment factor for such Underlying Stock and the product of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the
number of shares issued with respect to one share of such Underlying Stock, and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the
prior adjustment factor for such Underlying Stock.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>ex-dividend date</U>&rdquo; for
any dividend or other distribution with respect to an Underlying Stock is the first day on and after which such Underlying Stock trades
without the right to receive that dividend or distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>No Adjustments for Other Dividends and Distributions</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unless otherwise specified in the applicable pricing
supplement, the adjustment factor for an Underlying Stock will not be adjusted to reflect dividends, including cash dividends, or other
distributions paid with respect to such Underlying Stock, other than:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">stock
dividends described above,</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">issuances
of transferable rights and warrants as described in &ldquo; &mdash;Transferable Rights and Warrants&rdquo; below,</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">distributions
that are spin-off events described in &ldquo; &mdash;Reorganization Events&rdquo; below, and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">extraordinary
dividends described below.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An &ldquo;<U>extraordinary dividend</U>&rdquo;
means each of (a) the full amount per share of an Underlying Stock of any cash dividend or special dividend or distribution that is identified
by the applicable Underlying Stock Issuer as an extraordinary or special dividend or distribution, (b) the excess of any cash dividend
or other cash distribution (that is not otherwise identified by the applicable Underlying Stock Issuer as an extraordinary or special
dividend or distribution) distributed per share of such Underlying Stock over the immediately preceding cash dividend or other cash distribution,
if any, per share of such Underlying Stock that did not include an extraordinary or special dividend (as adjusted for any subsequent corporate
event requiring an adjustment as described in this section, such as a stock split or reverse stock split) if such excess portion of the
dividend or distribution is more than 5.00% of the closing price of such Underlying Stock on the trading day preceding the ex-dividend
date for the payment of such cash dividend or other cash distribution (such closing price, the &ldquo;<U>extraordinary dividend base closing
price</U>&rdquo;) and (c) the full cash value of any non-cash dividend or distribution per share of such Underlying Stock (excluding marketable
securities, as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an Underlying Stock is subject to an extraordinary
dividend, then once the extraordinary dividend has become effective the calculation agent will adjust the adjustment factor for such Underlying
Stock on the ex-dividend date to equal the product of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the
prior adjustment factor for such Underlying Stock, and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a fraction,
the numerator of which is the extraordinary dividend base closing price of such Underlying Stock on the trading day preceding the ex-dividend
date and the denominator of which is the amount by which the extraordinary dividend base closing price of such Underlying Stock on the
trading day preceding the ex-dividend date exceeds the extraordinary dividend.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding anything herein, the initiation
by an Underlying Stock Issuer of an ordinary dividend on such Underlying Stock or any announced increase in the ordinary dividend on such
Underlying Stock will not constitute an extraordinary dividend requiring an adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To the extent an extraordinary dividend is not
paid in cash or is paid in a currency other than U.S. dollars, the value of the non-cash component or non-U.S. currency will be determined
by the calculation agent, in its sole discretion. A distribution on an Underlying Stock that is a dividend payable in shares of such Underlying
Stock, an issuance of rights or warrants or a spin-off event and also an extraordinary dividend will result in an adjustment to the number
of shares of such Underlying Stock only as described in &ldquo;&mdash;Stock Dividends&rdquo; above, &ldquo;&mdash;Transferable Rights
and Warrants&rdquo; below or &ldquo;&mdash;Reorganization Events&rdquo; below, as the case may be, and not as described here.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Transferable Rights and Warrants</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an Underlying Stock Issuer issues transferable
rights or warrants to all holders of such Underlying Stock to subscribe for or purchase such Underlying Stock at an exercise price per
share that is less than the closing price of such Underlying Stock on the trading day before the ex-dividend date for the issuance, then
the adjustment factor for such Underlying Stock will be adjusted to equal the product of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the
prior adjustment factor for such Underlying Stock, and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a fraction,
(1) the numerator of which will be the number of shares of such Underlying Stock outstanding at the close of trading on the trading day
before the ex-dividend date (as adjusted for any subsequent event requiring an adjustment hereunder) plus the total number of shares
of such Underlying Stock offered for subscription or purchase pursuant to the rights or warrants and (2) the denominator of which will
be the number of shares of such Underlying Stock outstanding at the close of trading on the trading day before the ex-dividend date (as
adjusted for any subsequent event requiring an adjustment hereunder) plus the number of additional shares of such Underlying Stock (referred
to herein as the &ldquo;<U>additional shares</U>&rdquo;) that the aggregate offering</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in"> price of the total number of shares of such Underlying Stock so offered for subscription or purchase pursuant to the rights or warrants
would purchase at the closing price on the trading day before the ex-dividend date for the issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The number of additional shares will be equal
to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the
product of (1) the total number of shares of such Underlying Stock offered for subscription or purchase pursuant to the rights or warrants
and (2) the exercise price of the rights or warrants, divided by</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the
closing price of such Underlying Stock on the trading day before the ex-dividend date for the issuance.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the number of shares of such Underlying Stock
actually delivered in respect of the rights or warrants differs from the number of shares of such Underlying Stock offered in respect
of the rights or warrants, then the adjustment factor for such Underlying Stock will promptly be readjusted to the adjustment factor for
such Underlying Stock that would have been in effect had the adjustment been made on the basis of the number of shares of such Underlying
Stock actually delivered in respect of the rights or warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Reorganization Events</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each of the following is a reorganization event
with respect to an Underlying Stock:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">such
Underlying Stock is reclassified or changed (other than in a stock split or reverse stock split),</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the
applicable Underlying Stock Issuer has been subject to a merger, consolidation or other combination and either is not the surviving entity
or is the surviving entity but all outstanding shares of such Underlying Stock are exchanged for or converted into other property,</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a statutory
share exchange involving outstanding shares of such Underlying Stock and the securities of another entity occurs, other than as part
of an event described above,</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the
applicable Underlying Stock Issuer sells or otherwise transfers its property and assets as an entirety or substantially as an entirety
to another entity,</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the
applicable Underlying Stock Issuer effects a spin-off, other than as part of an event described above (in a spin-off, a corporation issues
to all holders of its common stock equity securities of another issuer), or</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">the
applicable Underlying Stock Issuer is liquidated, dissolved or wound up or is subject to a proceeding under any applicable bankruptcy,
insolvency or other similar law, or another entity completes a tender or exchange offer for all the outstanding shares of such Underlying
Stock.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Adjustments for Reorganization Events</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a reorganization event occurs with respect
to an Underlying Stock, then the calculation agent will make adjustments for such Underlying Stock as described below to reflect the amount
and type of property or properties&mdash;whether cash, securities, other property or a combination thereof&mdash;that a holder of one
share of such Underlying Stock would have been entitled to receive in relation to the reorganization event. We refer to this new property
as the &ldquo;<U>reorganization property</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reorganization property can be classified into
two categories:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">an
equity security listed on a national securities exchange, which we refer to generally as a &ldquo;<U>marketable security</U>&rdquo; and,
in connection with a particular reorganization event, &ldquo;<U>new stock</U>,&rdquo; which may include any tracking stock, any stock
received in a spin-off (&ldquo;<U>spin-off stock</U>&rdquo;) or any marketable security received in exchange for the applicable Underlying
Stock; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">cash
and any other property, assets or securities other than marketable securities (including equity securities that are not listed, that
are traded over the counter or that are listed on a non-U.S. securities exchange), which we refer to as &ldquo;<U>non-stock reorganization
property</U>.&rdquo;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the purpose of making an adjustment required
by a reorganization event, the calculation agent, in its sole discretion, will determine the value of each type of the reorganization
property. For purposes of valuing any new stock, the calculation agent will use the closing price of the security on the relevant trading
day. The calculation agent will value non-stock reorganization property in any manner it determines, in its sole discretion, to be appropriate.
In connection with a reorganization event in which reorganization property includes new stock, for the purpose of determining the adjustment
factor for any new stock as described below, the term &ldquo;<U>new stock reorganization ratio</U>&rdquo; means the product of (i) the
number of shares of the new stock received with respect to one share of such Underlying Stock and (ii) the adjustment factor for the applicable
Underlying Stock on the trading day immediately prior to the effective date of the reorganization event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a holder of shares of the applicable Underlying
Stock may elect to receive different types or combinations of types of reorganization property in the reorganization event (other than
a consummated tender offer or exchange offer or going-private transaction as described below), the reorganization property will consist
of the types and amounts of each type distributed to a holder of shares of such Underlying Stock that makes no election, as determined
by the calculation agent in its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any reorganization event occurs with respect
to an Underlying Stock, then on and after the effective date for such reorganization event (or, if applicable, in the case of spinoff
stock, the ex-dividend date for the distribution of such spinoff stock) the term &ldquo;<U>Underlying Stock</U>&rdquo; in this product
supplement will be deemed to mean the following with respect to such Underlying Stock, and for each share of such Underlying Stock, new
stock and/or replacement stock so deemed to constitute such Underlying Stock, the adjustment factor for such Underlying Stock will be
equal to the applicable number indicated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD>if such Underlying Stock continues to be outstanding:</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD>that Underlying Stock (if applicable, as reclassified upon
the issuance of any tracking stock) at the adjustment factor for such Underlying Stock in effect on the trading day immediately prior
to the effective date of the reorganization event; and</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD>if the reorganization property includes new stock, a number
of shares of new stock equal to the new stock reorganization ratio;</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in"><I>provided
</I>that, if any non-stock reorganization property is received in the reorganization event, the results of (a)(1) and (a)(2) above will
each be multiplied by the &ldquo;<U>gross-up multiplier</U>,&rdquo; which will be equal to a fraction, the numerator of which is the
closing price of the original Underlying Stock on the trading day immediately prior to the effective date of the reorganization event
and the denominator of which is the amount by which such closing price of the original Underlying Stock exceeds the value of the non-stock
reorganization property received per share of such Underlying Stock as determined by the calculation agent as of the close of trading
on such trading day; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.5pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">if such Underlying Stock is surrendered for reorganization property:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD>that includes new stock, a number of shares of new stock equal
to the new stock reorganization ratio; <I>provided</I> that, if any non-stock reorganization property is received in the reorganization
event, such number will be multiplied by the gross-up multiplier; or</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD>that consists exclusively of non-stock reorganization property:</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(i)</TD><TD>if the surviving entity has marketable securities outstanding
following the reorganization event and either (A) such marketable securities were in existence prior to such reorganization event or
(B) such marketable securities were exchanged for previously outstanding marketable securities of the surviving entity or its predecessor
(&ldquo;<U>predecessor stock</U>&rdquo;) in connection with such reorganization event (in either case of (A) or (B), the &ldquo;<U>successor
stock</U>&rdquo;), a number of shares of the successor stock determined by the calculation agent on the trading day immediately prior
to the effective date of such reorganization event equal to the adjustment factor for such Underlying Stock in effect on the trading
day immediately prior to the effective date of such reorganization event multiplied by a fraction, the numerator of which is the value
of the non-stock reorganization property per share of such Underlying Stock on such trading day and the denominator of which is the closing
price of the successor stock on such trading day (or, in the case of predecessor stock, the closing price of the predecessor stock multiplied
by the number of shares of the successor stock received with respect to one share of the predecessor stock); or</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">(ii)</TD><TD>if the surviving entity does not have marketable securities
outstanding, or if there is no surviving entity (in each case, a &ldquo;<U>replacement stock event</U>&rdquo;), a number of shares of
replacement stock (selected as defined below) with an aggregate value on the effective date of such reorganization event equal to the
value of the non-stock reorganization property multiplied by the adjustment factor for such Underlying Stock in effect on the trading
day immediately prior to the effective date of such reorganization event.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a reorganization event occurs with respect
to the shares of an Underlying Stock and the calculation agent makes adjustments for such Underlying Stock to reflect the reorganization
property in the event as described above, the calculation agent will make further anti-dilution adjustments for any later events that
affect such Underlying Stock (including any reorganization property). The calculation agent will do so to the same extent that it would
make adjustments if the shares of such Underlying Stock were outstanding and were affected by the same kinds of events. If a subsequent
reorganization event affects only a particular component of that Underlying Stock (including any reorganization property), the required
adjustment will be made with respect to that component as if it alone were that Underlying Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes of adjustments for reorganization
events, in the case of a consummated tender or exchange offer or going-private transaction involving reorganization property of a particular
type, reorganization property will be deemed to include the amount of cash</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">or other property paid by the offeror in the tender
or exchange offer with respect to such reorganization property (in an amount determined on the basis of the rate of exchange in such tender
or exchange offer or going-private transaction). In the event of a tender or exchange offer or a going-private transaction with respect
to reorganization property in which an offeree may elect to receive cash or other property, reorganization property will be deemed to
include the kind and amount of cash and other property received by offerees who elect to receive cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Replacement Stock Events</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.45pt 0pt 0; text-align: justify">Following the occurrence of a replacement
stock event described in paragraph (b)(2)(ii) above or in &ldquo;&mdash;Delisting of American Depositary Shares or Termination of American
Depositary Receipt Facility&rdquo; below with respect to an Underlying Stock, the stock closing price of the applicable underlying stock
on any calculation day on or after the effective date of the replacement stock event will be determined by reference to a replacement
stock and an adjustment factor (subject to any further anti-dilution adjustments) for such replacement stock as determined in accordance
with the following paragraphs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.45pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>replacement stock</U>&rdquo; will
be the stock having the closest &ldquo;option period volatility&rdquo; to the applicable original Underlying Stock among the stocks that
then comprise the replacement stock selection index (or, if publication of such index is discontinued, any successor or substitute index
selected by the calculation agent in its sole discretion) with the same GICS Code (as defined below) as the applicable original Underlying
Stock Issuer; <I>provided</I>, however, that a replacement stock will not include (i) any stock that is subject to a trading restriction
under the trading restriction policies of Credit Suisse, the hedging counterparties of Credit Suisse or any of its affiliates that would
materially limit the ability of Credit Suisse, the hedging counterparties of Credit Suisse or any of its affiliates to hedge the securities
with respect to such stock or (ii) any stock for which the aggregate number of shares to be referenced by the securities (equal to the
product of (a) (i) the aggregate face amount outstanding <I>divided by</I> (ii) the starting value of the applicable Underlying Stock
and (b) the adjustment factor that would be in effect immediately after selection of such stock as the replacement stock) exceeds 25%
of the ADTV (as defined in Rule 100(b) of Regulation M under the Exchange Act) for such stock as of the effective date of the replacement
stock event (an &ldquo;<U>excess ADTV stock</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a replacement stock is selected in connection
with a reorganization event for an original Underlying Stock, the adjustment factor with respect to such replacement stock will be equal
to the number of shares of such replacement stock with an aggregate value, based on the closing price on the effective date of such reorganization
event, equal to the product of (a) the value of the non-stock reorganization property received per share of such original Underlying Stock
and (b) the adjustment factor of such Underlying Stock in effect on the trading day immediately prior to the effective date of such reorganization
event. If a replacement stock is selected in connection with an ADS termination event (as defined below), the adjustment factor with respect
to such replacement stock will be equal to the number of shares of such replacement stock with an aggregate value, based on the closing
price on the change date (as defined below), equal to the product of (x) the closing price of the original Underlying Stock on the change
date and (y) the adjustment factor in effect on the trading day immediately prior to the change date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>option period volatility</U>&rdquo;
means, in respect of any trading day, the volatility (calculated by referring to the closing price of the applicable Underlying Stock
on its primary exchange) for a period equal to the 125 trading days immediately preceding the announcement date of the reorganization
event, as determined by the calculation agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>GICS Code</U>&rdquo; means the Global
Industry Classification Standard (&ldquo;<U>GICS</U>&rdquo;) sub-industry code assigned to the applicable Underlying Stock Issuer; <I>provided</I>,
however, if (i) there is no other stock in the replacement stock selection index in the same GICS sub-industry or (ii) a replacement stock
(a) for which there is no trading restriction and (b) that is not an excess ADTV stock cannot be identified from the replacement stock
selection index in the same GICS sub-industry, the GICS Code will mean the GICS industry code assigned to such original Underlying Stock
Issuer. If no GICS Code has been assigned to such original Underlying Stock Issuer, the applicable GICS Code will be determined by the
calculation agent to be the GICS sub-industry code assigned to companies in the same sub-industry (or, subject to the proviso in the preceding
sentence, industry, as applicable) as such original Underlying Stock Issuer at the time of the relevant replacement stock event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The &ldquo;<U>replacement stock selection index</U>&rdquo;
means the S&amp;P 500<SUP>&reg;</SUP> Index.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.45pt 0pt 0; text-align: justify"><I>Delisting of American Depositary
Shares or Termination of American Depositary Receipt Facility</I>. If an Underlying Stock is an American Depositary Share and such Underlying
Stock is no longer listed or admitted to trading on a U.S. securities exchange registered under the Exchange Act or included in the OTC
Bulletin Board Service operated by FINRA, or if the American depositary receipt facility between the applicable Underlying Stock Issuer
and the depositary is terminated for any reason (each, an &ldquo;<U>ADS termination event</U>&rdquo;), then, on the last trading day on
which the applicable Underlying Stock is listed or admitted to trading or the last trading day immediately prior to the date of such termination,
as applicable (the &ldquo;<U>change date</U>&rdquo;), a replacement stock event shall be deemed to occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.45pt 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Consequences of a Market Disruption Event; Postponement of a Calculation
Day </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As used in this section, the &ldquo;<U>final disrupted calculation
day</U>&rdquo; means, with respect to a calculation day, (i) for an Index or a Fund, the eighth trading day for that Index or Fund after
such originally scheduled calculation day or (ii) for an Underlying Stock, the eighth scheduled trading day for that Underlying Stock
after such originally scheduled calculation day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt"><B><I>Securities Linked to a Single Market Measure
</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any calculation day is not a trading day with
respect to the Market Measure, such calculation day will be postponed to the next succeeding day that is a trading day with respect to
the Market Measure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a market disruption event occurs or is continuing
with respect to the Market Measure on any calculation day, then such calculation day will be postponed to the first succeeding trading
day for the Market Measure on which a market disruption event for the Market Measure has not occurred and is not continuing; however,
if such first succeeding trading day has not occurred as of the final disrupted calculation day for the Market Measure, that final disrupted
calculation day shall be deemed to be the calculation day. If a calculation day has been postponed to the final disrupted calculation
day and a market disruption event occurs or is continuing with respect to the Market Measure on such final disrupted calculation day,
the calculation agent will determine the closing value of the Market Measure on such final disrupted calculation day:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt">(i)</TD><TD STYLE="text-align: justify">in the case of an Index, in accordance with the formula for and method of calculating the closing level
of such Index last in effect prior to commencement of the market disruption event, using the closing price (or, with respect to any relevant
security, if trading in such security has been materially suspended or materially limited, its good faith estimate of the value of such
security at (a) with respect to an Index that is not a multiple exchange index, the scheduled closing time of the relevant stock exchange
for such security or, if earlier, the actual closing time of the regular trading session of such relevant stock exchange or (b) with respect
to a multiple exchange index, the time at which the official closing level of such Index is calculated and published by the relevant index
sponsor) on such date of each security included in such Index;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt">(ii)</TD><TD STYLE="text-align: justify">in the case of a Fund, based on its good faith estimate of the value of the shares (or other applicable
securities) of such Fund as of the close of trading on such date; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt">(iii)</TD><TD STYLE="text-align: justify">in the case of an Underlying Stock, by using its good faith estimate of the closing price that would have
prevailed for such Underlying Stock on such day.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As used in (i) above, &ldquo;<U>closing price</U>&rdquo;
means, with respect to any security on any date, the relevant stock exchange traded or quoted price of such security as of (a) with respect
to an Index that is not a multiple exchange index, the scheduled closing time of the relevant stock exchange for such security or, if
earlier, the actual closing time of the regular trading session of such relevant stock exchange or (b) with respect to a multiple exchange
index, the time at which the official closing level of such Index is calculated and published by the relevant index sponsor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt"><B><I>Securities Linked to Multiple Market Measures
</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any calculation day is not a trading day with
respect to any Market Measure, such calculation day for each Market Measure will be postponed to the next succeeding day that is a trading
day with respect to each Market Measure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a market disruption event occurs or is continuing
with respect to any Market Measure on any calculation day, then such calculation day for such Market Measure will be postponed to the
first succeeding trading day for such Market Measure on which a market disruption event for such Market Measure has not occurred and is
not continuing; however, if such first succeeding trading day has not occurred as of the final disrupted calculation day for such Market
Measure, that final disrupted calculation day shall be deemed to be the calculation day for such Market Measure. If a calculation day
for a Market Measure has been postponed to the final disrupted calculation day for that Market Measure and a market disruption event occurs
or is continuing with respect to such Market Measure on such final disrupted calculation day, the calculation agent will determine the
closing value of such Market Measure on such final disrupted calculation day:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt">(i)</TD><TD STYLE="text-align: justify">in the case of an Index, in accordance with the formula for and method of calculating the closing level
of such Index last in effect prior to commencement of the market disruption event, using the closing price (or, with respect to any relevant
security, if trading in such security has been materially suspended or materially limited, its good faith estimate of the value of such
security at (a) with respect to an Index that is not a multiple exchange index, the scheduled closing time of the relevant stock exchange
for such security or, if earlier, the actual closing time of the regular trading session of such relevant stock exchange or (b) with respect
to a multiple exchange index, the time at which the official closing level of such Index is calculated and published by the relevant index
sponsor) on such date of each security included in such Index;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt">(ii)</TD><TD STYLE="text-align: justify">in the case of a Fund, based on its good faith estimate of the value of the shares (or other applicable
securities) of such Fund as of the close of trading on such date; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20.25pt"></TD><TD STYLE="width: 18pt">(iii)</TD><TD STYLE="text-align: justify">in the case of an Underlying Stock, by using its good faith estimate of the closing price that would have
prevailed for such Underlying Stock on such day.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As used in (i) above, &ldquo;<U>closing price</U>&rdquo;
means, with respect to any security on any date, the relevant stock exchange traded or quoted price of such security as of (a) with respect
to an Index that is not a multiple exchange index, the scheduled closing time of the relevant stock exchange for such security or, if
earlier, the actual closing time of the regular trading session of such relevant stock exchange or (b) with respect to a multiple exchange
index, the time at which the official closing level of such Index is calculated and published by the relevant index sponsor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the postponement of a calculation
day for a Market Measure due to a market disruption event with respect to such Market Measure on such calculation day, the originally
scheduled calculation day will remain the calculation day for any Market Measure not affected by a market disruption event on such day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Payment Dates</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The applicable pricing supplement will specify
the stated maturity date as well as any other date on which amounts will or may be payable on the securities (each referred to in this
section as a &ldquo;<U>payment date</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any scheduled payment date is not a business
day, the payment (if any) required to be made on the securities on such payment date will be made on the next succeeding business day.
If a calculation day with respect to any payment date preceding the stated maturity date is postponed, the relevant payment date will
be the business day that follows such postponed calculation day by a number of business days equal to the number of business days between
the originally scheduled calculation day and the originally scheduled payment date. If the final calculation day is postponed, the stated
maturity date will be the later of (i) the originally scheduled stated maturity date and (ii) three business days after the final calculation
day as postponed. If the securities are linked to more than one Market Measure and a calculation day is postponed, the related payment
date will be postponed as described in this paragraph after the last such calculation day as postponed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If any payment date is postponed due to a non-business
day, a market disruption event on the related calculation day or otherwise, the payment, if any, due on that payment date will be made
on that payment date as so postponed with the same force and effect as if it had been made on the originally scheduled payment date, that
is, with no additional amount accruing or payable as a result of the postponement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Calculations and Calculation Agent</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Unless otherwise specified in the applicable pricing
supplement, the calculation agent is Credit Suisse International, an affiliate of ours. Credit Suisse International may appoint agents
to assist it in the performance of its duties. Pursuant to a calculation agent agreement, we may appoint a different calculation agent
without your consent and without notifying you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The calculation agent will determine any amounts
payable on the securities. In addition, the calculation agent will, among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">determine whether a market disruption event has
occurred;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">determine the closing value of a Market Measure
under certain circumstances;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">determine if adjustments are required to the
closing value of a Market Measure under various circumstances;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">if publication of an Index is discontinued, select
a successor equity index or, if no successor equity index is available, determine the closing level of such Index; </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">if a Fund undergoes a liquidation event, select
a successor fund or, if no successor fund is available, determine the fund closing price of such Fund; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.35in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">select a replacement stock for an Underlying
Stock under certain circumstances. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All calculations with respect to the maturity
payment amount will be rounded to the nearest one hundred-thousandth, with five one-millionths rounded upward (e.g., 0.000005 would be
rounded to 0.00001); and the maturity payment amount will be rounded to the nearest cent, with one-half cent rounded upward.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All determinations made by the calculation agent
will be at the sole discretion of the calculation agent and, in the absence of manifest error, will be conclusive for all purposes and
binding on us and you. The calculation agent will have no liability for its determinations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Events of Default and Acceleration </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an event of default (as defined in the accompanying
prospectus) with respect to an issue of securities has occurred and is continuing, the amount payable to a holder of a security upon any
acceleration permitted by such securities, with respect to each security, will be determined by the calculation agent and will be equal
to the maturity payment amount, calculated as provided in the applicable pricing supplement. If the applicable pricing supplement specifies
that the securities will pay a coupon, then the amount described in the immediately preceding sentence will also include a portion of
a final coupon payment, if any. The maturity payment amount and any</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">final coupon payment will be calculated as though
the date of acceleration were the calculation day (or the final calculation day, if there is more than one calculation day). The final
coupon payment, if any, will be prorated from and including the immediately preceding coupon payment date to, but excluding, the date
of acceleration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With respect to these securities, the first bullet
of the first sentence of &ldquo;Description of Debt Securities&mdash;Events of Default&rdquo; in the accompanying prospectus is amended
to read in its entirety as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a default
in payment of the principal or any premium on any debt security of the series when due, and such default continues for 30 days;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><A NAME="a_006"></A>Benefit Plan Investor
Considerations</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each fiduciary of a pension, profit-sharing or
other employee benefit plan to which Title I of the Employee Retirement Income Security Act of 1974, as amended, (&ldquo;<U>ERISA</U>&rdquo;)
applies (a &ldquo;<U>Plan</U>&rdquo;), should consider the fiduciary standards of ERISA in the context of the Plan&rsquo;s particular
circumstances before authorizing an investment in the securities. Accordingly, among other factors, the fiduciary should consider whether
the investment would satisfy the prudence and diversification requirements of ERISA and would be consistent with the documents and instruments
governing the Plan. When we use the term &ldquo;<U>holder</U>&rdquo; in this section, we are referring to a beneficial owner of the securities
and not the record holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Section&nbsp;406 of ERISA and Section&nbsp;4975
of the Code prohibit Plans, as well as individual retirement accounts, Keogh plans and other arrangements to which Section&nbsp;4975 of
the Code applies (also &ldquo;<U>Plans</U>&rdquo;), from engaging in specified transactions involving &ldquo;plan assets&rdquo; with persons
who are &ldquo;parties in interest&rdquo; under ERISA or &ldquo;disqualified persons&rdquo; under the Code (collectively, &ldquo;<U>Parties
in Interest</U>&rdquo;) with respect to such Plans. A violation of those &ldquo;prohibited transaction&rdquo; rules may result in an excise
tax or other liabilities under ERISA and/or Section&nbsp;4975 of the Code for such persons, unless statutory or administrative exemptive
relief is available. Therefore, a fiduciary of a Plan should also consider whether an investment in the securities might constitute or
give rise to a prohibited transaction under ERISA or the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Employee benefit plans that are governmental plans,
as defined in Section&nbsp;3(32) of ERISA, certain church plans, as defined in Section&nbsp;3(33) of ERISA, and foreign plans, as described
in Section&nbsp;4(b)(4) of ERISA (collectively, &ldquo;<U>Non-ERISA Arrangements</U>&rdquo;), are not subject to the requirements of ERISA
or Section&nbsp;4975 of the Code, but may be subject to similar rules under other applicable laws or regulations (&ldquo;<U>Similar Laws</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We and our affiliates may each be considered a
Party in Interest with respect to many Plans. Special caution should be exercised, therefore, before the securities are purchased by a
Plan. In particular, the fiduciary of the Plan should consider whether statutory or administrative exemptive relief is available. The
U.S. Department of Labor has issued five prohibited transaction class exemptions (&ldquo;<U>PTCEs</U>&rdquo;) that may provide exemptive
relief for direct or indirect prohibited transactions resulting from the purchase or holding of the securities. Those class exemptions
are:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">PTCE 96-23, for specified
transactions determined by in-house asset managers;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">PTCE 95-60, for specified
transactions involving insurance company general accounts; </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">PTCE 91-38, for specified
transactions involving bank collective investment funds; </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">PTCE 90-1, for specified
transactions involving insurance company separate accounts; and </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">PTCE 84-14, for specified
transactions determined by independent qualified professional asset managers. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, Section&nbsp;408(b)(17) of ERISA
and Section 4975(d)(20) of the Code provide an exemption for transactions between a Plan and a person who is a Party in Interest (other
than a fiduciary who has or exercises any discretionary authority or control with respect to investment of the plan assets involved in
the transaction or renders investment advice with respect thereto) solely by reason of providing services to the Plan (or by reason of
a relationship to such a service provider), if in connection with the transaction the Plan receives no less, and pays no more, than &ldquo;adequate
consideration&rdquo; (within the meaning of Section&nbsp;408(b)(17) of ERISA).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing list of exemptions is not exhaustive,
and there can be no assurance that any of them will be available with respect to transactions involving the securities. Other statutory
or administrative class exemptions may be applicable. In addition, a purchaser or holder may obtain an individual administrative exemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any purchaser or holder of the securities or any
interest in the securities will be deemed to have represented by its purchase and holding that either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">no portion of the assets
used by such purchaser or holder to acquire or purchase the securities constitutes assets of any Plan or Non-ERISA Arrangement; or </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.45pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">the purchase, holding
and subsequent disposition of the securities by such purchaser or holder will not constitute or result in a non-exempt prohibited transaction
under Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code or a violation under any Similar Laws. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Due to the complexity of these rules and the penalties
that may be imposed upon persons involved in non-exempt prohibited transactions, it is particularly important that fiduciaries or other
persons considering purchasing the securities on behalf of or with &ldquo;plan assets&rdquo; of any Plan consult with their counsel regarding
the potential consequences under ERISA, the Code and any applicable Similar Law, of the acquisition of the securities and the availability
of exemptive relief under PTCE 96-23, 95-60, 91-38, 90-1 or 84-14 or another applicable statutory or administrative exemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The securities are contractual financial instruments.
The financial exposure provided by the securities is not a substitute or proxy for, and is not intended as a substitute or proxy for,
individualized investment management or advice for the benefit of any purchaser or holder of the securities. The securities have not been
designed and will not be administered in a manner intended to reflect the individualized needs and objectives of any purchaser or holder
of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each purchaser or holder of the securities acknowledges
and agrees that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(i)</TD><TD STYLE="text-align: justify">the purchaser or holder or its fiduciary has made and shall
make all investment decisions for the purchaser or holder and the purchaser or holder has not relied and shall not rely in any way upon
us or our affiliates to act as a fiduciary or adviser of the purchaser or holder with respect to (a) the design and terms of the securities,
(b) the purchaser or holder&rsquo;s investment in the securities, or (c) the exercise of or failure to exercise any rights we or the
purchaser or holder has under or with respect to the securities;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(ii)</TD><TD STYLE="text-align: justify">we and our affiliates have acted and will act solely for our
own account in connection with (a) all transactions relating to the securities and (b) all hedging transactions in connection with our
obligations under the securities;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(iii)</TD><TD STYLE="text-align: justify">any and all assets and positions relating to hedging transactions
by us or our affiliates are assets and positions of those entities and are not assets and positions held for the benefit of the purchaser
or holder;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(iv)</TD><TD>our interests may be adverse to the interests of the purchaser
or holder; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(v)</TD><TD STYLE="text-align: justify">neither we nor any of our affiliates is a fiduciary or adviser
of the purchaser or holder in connection with any such assets, positions or transactions, and any information that we or any of our affiliates
may provide is not intended to be impartial investment advice.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Purchasers of the securities have the exclusive
responsibility for ensuring that their purchase, holding and subsequent disposition of the securities does not violate the fiduciary or
prohibited transaction rules of ERISA, the Code or any Similar Law. Nothing in this product supplement is, or should be construed as,
a representation or advice as to whether an investment in the securities would be appropriate for, or would meet any or all of the relevant
legal requirements with respect to investments by, Plans or Non-ERISA Arrangements generally or any particular Plan or Non-ERISA Arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><A NAME="a_007"></A>Supplemental Plan
of Distribution</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the terms of the distributor accession confirmation
with Wells Fargo Securities (&ldquo;<U>WFS</U>&rdquo;) dated as of August 1, 2016, WFS and one or more of its affiliates may act as agent
for the securities and may receive an agent discount as set forth in the applicable pricing supplement. The agent may resell the securities
to other securities dealers at the original offering price of the securities less a concession. Such securities dealers may include WFA
(the trade name of the retail brokerage business of WFS affiliates, Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial
Network, LLC). WFS may pay the agent&rsquo;s discount to WFA as a distribution expense fee for each security sold by WFA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, Credit Suisse may pay a fee to selected
securities dealers in consideration for marketing and other services in connection with the distribution of the securities to other securities
dealers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We expect to deliver the securities against payment
for the securities on the date indicated on the applicable pricing supplement, which may be a date that is greater than two business days
following the pricing date. Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally
are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, if the applicable pricing
supplement has an issue date that is more than two business days after the pricing date, purchasers who wish to transact in the securities
more than two business days prior to the issue date will be required to specify alternative settlement arrangements to prevent a failed
settlement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Prohibition of Sales to European Economic Area Retail Investors
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any securities which are the subject to this product supplement may
not be offered, sold or otherwise made available to any retail investor in the European Economic Area (&ldquo;<U>EEA</U>&rdquo;). For
the purposes of this provision:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the expression &ldquo;<U>retail investor</U>&rdquo; means a person who is one (or more) of the following:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, &ldquo;<U>MiFID
II</U>&rdquo;); or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">a customer within the meaning of Directive (EU) 2016/97 (the &ldquo;<U>Insurance Distribution Directive</U>&rdquo;),
where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">not a qualified investor as defined in Regulation (3)(e) (EU) 2017/1129 (as amended, the &ldquo;<U>Prospectus
Regulation</U>&rdquo;); and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the expression an &ldquo;<U>offer</U>&rdquo; includes the communication in any form and by any means of
sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to purchase or
subscribe for the securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Consequently no key information document required
by Regulation (EU) No 1286/2014 (the &ldquo;<U>PRIIPs Regulation</U>&rdquo;) for offering or selling the securities or otherwise making
them available to retail investors in the EEA has been prepared and therefore offering or selling the securities or otherwise making them
available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Prohibition of Sales to United Kingdom Retail Investors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any securities which are the subject to this product
supplement may not be offered, sold or otherwise made available to any retail investor in the United Kingdom. For the purposes of this
provision:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the expression &quot;<U>retail investor</U>&quot; means a person who is one (or more) of the following:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part
of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (the &quot;<U>EUWA</U>&quot;) and the regulations
made under the EUWA; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended)
(the &ldquo;<U>FSMA</U>&rdquo;) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer
would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of
United Kingdom domestic law by virtue of the EUWA and the regulations made under the EUWA; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">not a qualified investor as defined in Regulation (3)(e) of the Prospectus Regulation; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">the expression an&nbsp;&ldquo;<U>offer</U>&rdquo; includes the communication in any form and by any means
of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to purchase
or subscribe for the securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Consequently no key information document required
by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the &ldquo;<U>UK PRIIPs Regulation</U>&rdquo;)
for offering or selling any securities or otherwise making them available to retail investors in the </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">United Kingdom has been prepared
and therefore offering or selling any securities
or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><A NAME="a_008"></A>United States Federal
Tax Considerations</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following is a discussion of the material U.S. federal income and
certain estate tax consequences of the ownership and disposition of the securities. It applies to you only if you purchase a security
for cash in the initial offering at the &ldquo;<U>issue price</U>,&rdquo; which is the first price at which a substantial amount of the
securities is sold to the public (not including sales to bond houses, brokers or similar persons or organizations acting in the capacity
of underwriters, placement agents or wholesalers), and hold it as a capital asset within the meaning of Section 1221 of the Code. Purchasers
of securities at another time or price should consult their tax advisors regarding the U.S. federal tax consequences to them of the ownership
and disposition of the securities. This discussion does not address all of the tax consequences that may be relevant to you in light of
your particular circumstances or if you are a holder subject to special rules, such as:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a financial institution;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a &ldquo;regulated investment company&rdquo;;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a tax-exempt entity, including an &ldquo;individual retirement account&rdquo;
or &ldquo;Roth IRA&rdquo;;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a dealer or trader subject to a mark-to-market method of tax accounting with
respect to the securities;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a person holding a security as part of a &ldquo;straddle&rdquo; or conversion
transaction or one who enters into a &ldquo;constructive sale&rdquo; with respect to a security;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a person subject to special tax accounting rules under Section 451(b) of
the Code;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a U.S. Holder (as defined below) whose functional currency is not the U.S.
dollar; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">an entity classified as a partnership for U.S. federal income tax purposes.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an entity that is classified as a partnership for U.S. federal income
tax purposes holds the securities, the U.S. federal income tax treatment of a partner will generally depend on the status of the partner
and the activities of the partnership. If you are a partnership holding the securities or a partner in such a partnership, you should
consult your tax advisor as to the particular U.S. federal tax consequences of holding and disposing of the securities to you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This discussion does not address the U.S. federal tax consequences
of the ownership or disposition of the shares of the underlying(s) that you may receive at maturity or otherwise upon retirement or exchange
of a security. You should consult your tax advisor regarding the particular U.S. federal tax consequences of the ownership and disposition
of the shares.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will not attempt to ascertain whether any Underlying Stock
Issuer, Fund or issuer of shares underlying an Index (each, an &ldquo;Underlying Issuer&rdquo;) should be treated as a &ldquo;U.S. real
property holding corporation&rdquo; (&ldquo;<U>USRPHC</U>&rdquo;) within the meaning of Section 897 of the Code or a &ldquo;passive foreign
investment company&rdquo; (&ldquo;<U>PFIC</U>&rdquo;) within the meaning of Section 1297 of the Code. If any Underlying Issuer were so
treated, certain adverse U.S. federal income tax consequences might apply to you, in the case of a USRPHC if you are a Non-U.S. Holder
(as defined below), and in the case of a PFIC if you are a U.S. Holder, upon a sale, exchange or other disposition of the securities.
If a U.S. Holder owns or is deemed to own an equity interest in a PFIC for any taxable year, the U.S. Holder would generally be required
to file IRS Form 8621 with its annual U.S. federal income tax return for that year, subject to certain exceptions. Failure to timely file
the form may extend the time for tax assessment by the IRS. You should refer to information filed with the SEC or another governmental
authority by each Underlying Issuer and consult your tax advisor regarding the possible consequences to you if any Underlying Issuer is
or becomes a USRPHC or PFIC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This discussion is based on the Code, administrative pronouncements,
judicial decisions and final, temporary and proposed Treasury regulations, all as of the date of this product supplement, changes to any
of which subsequent to the date of this product supplement may affect the tax consequences described herein, possibly with retroactive
effect. This discussion does not address the effects of any applicable state, local or non-U.S. tax laws or the potential application
of the Medicare tax on net investment income. You should consult your tax advisor about the application of the U.S. federal income and
estate tax laws (including the possibility of alternative treatments of the securities) to your particular situation, as well as any tax
consequences arising under the laws of any state, local or non-U.S. jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This discussion may be supplemented, modified or superseded by
disclosure regarding U.S. federal tax consequences set out in an applicable pricing supplement, which you should read before making a
decision to invest in the relevant securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Tax Treatment of the Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There are no statutory, judicial or administrative authorities that
directly address the U.S. federal tax treatment of the securities described in this product supplement, and the consequences of ownership
and disposition of the securities are subject to substantial uncertainty. We do not plan to request a ruling from the IRS, and the IRS
or a court might not agree with the treatment and consequences described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Alternative U.S. federal income tax treatments of the securities are
possible that, if applied, could materially and adversely affect the timing and character of income, gain or loss with respect to the
securities. It is possible, for example, that the securities could be treated in their entirety as debt instruments issued by us. Under
this treatment, &ldquo;long-term&rdquo; securities (i.e., securities that mature, after taking into account the last possible date that
the securities could be outstanding under their terms, more than one year from the date of their issuance) would generally be subject
to Treasury regulations relating to the taxation of contingent payment debt instruments. In that event, regardless of your tax accounting
method, (i) in each year that you held the securities you would generally be required to accrue income, subject to certain adjustments,
based on our comparable yield for similar non-contingent debt, determined as of the time of issuance of the securities, and (ii) any gain
on the sale, exchange, redemption or retirement of the securities would be treated as ordinary income. You could also be subject to special
reporting requirements if any loss on the securities exceeded certain thresholds. If securities that are not long-term securities were
treated as debt instruments, all or a portion of the gain you realize on a sale, exchange, redemption or retirement of the securities
could be treated as ordinary income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For Non-U.S. Holders, an alternate treatment of a security could cause
payments on the security to be subject to U.S. federal withholding tax as well as different information reporting requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The U.S. Treasury Department and the IRS have requested comments on
various issues regarding the U.S. federal income tax treatment of &ldquo;prepaid forward contracts&rdquo; and similar financial instruments
and have indicated that such transactions may be the subject of future regulations or other guidance. In addition, members of Congress
have proposed legislative changes to the tax treatment of derivative contracts. Any legislation, Treasury regulations or other guidance
promulgated after consideration of these issues could materially and adversely affect the tax consequences of an investment in the securities,
possibly with retroactive effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Moreover, if there is a change to the securities that results in the
securities being treated as reissued for U.S. federal income tax purposes, as discussed below in &quot;Possible Taxable Event,&quot; the
treatment of the securities after such an event could differ from their prior treatment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Except where stated otherwise, the following discussions of specific
types of securities generally assume that the stated treatment of each type of security is respected and that no deemed retirement and
reissuance of the securities has occurred. You should consult your tax advisor regarding the risk that an alternative U.S. federal income
tax treatment applies to the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Tax Consequences to U.S. Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This section applies only to U.S. Holders. You
are a &ldquo;<U>U.S. Holder</U>&rdquo; if for U.S. federal income tax purposes you are a beneficial owner of a security that is:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a citizen or individual resident of the United
States;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a corporation created or organized in or under
the laws of the United States, any state thereof or the District of Columbia; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">an estate or trust the income of which is subject
to U.S. federal income taxation regardless of its source.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Securities Treated as Prepaid Financial
Contracts that are Open Transactions</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following discussion applies to securities
treated as prepaid financial contracts that are &ldquo;open transactions&rdquo; for U.S. federal income tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>Tax Treatment Prior to Maturity
or Disposition</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A U.S. Holder should not be required to recognize
income over the term of the securities prior to maturity, other than pursuant to an earlier taxable disposition of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">However, if the payment at maturity becomes fixed
(or subject to a fixed minimum amount at least equal to the issue price) prior to maturity, the consequences are not entirely clear. A
security might be treated as terminated for U.S. federal income tax purposes at such time, in which case you might be required to recognize
gain (if any) in respect of the security. In addition, the timing and character of income you recognize in respect of the security after
that time could also be affected. You should consult your tax advisor regarding the treatment of the securities in such an event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>Taxable Disposition of the Securities</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon a taxable disposition (including a sale,
exchange, early redemption, or retirement) of a security, you should recognize gain or loss equal to the difference between the amount
realized and your tax basis in the security. Your tax basis in a security should generally equal the amount you paid to acquire it. Subject
to the discussions below under &ldquo;&mdash;Possible Higher Tax on Securities Linked to &lsquo;Collectibles&rsquo;&rdquo; and &ldquo;&mdash;Possible
Application of Section 1260 of the Code,&rdquo; this gain or loss should be long-term capital gain or loss if at the time of the taxable
disposition you have held the security for more than one year, and short-term capital gain or loss otherwise. Long-</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">term capital gains
recognized by non-corporate U.S. Holders are generally subject to taxation at reduced rates. The deductibility of capital losses is subject
to limitations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you receive shares of the underlying(s) (and
cash in lieu of any fractional shares) at maturity, subject to the discussion below under &ldquo;&mdash;Possible Application of Section
1260 of the Code,&rdquo; you should not recognize gain or loss with respect to the shares received.&nbsp; Instead, you should have an
aggregate tax basis in the shares received (including any fractional shares deemed received) equal to your basis in the securities.&nbsp;
With respect to any cash received in lieu of a fractional share, you should recognize capital gain or loss in an amount equal to the difference
between the amount of cash received in lieu of the fractional share and the portion of your tax basis in the securities that is allocable
to the fractional share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you receive both cash and shares of the underlying(s)
at maturity, you should recognize gain or loss with respect to the cash received in an amount equal to the difference between the cash
and the portion of your basis in the security that is allocated to the cash.&nbsp; Subject to the discussion below under &ldquo;&mdash;Possible
Application of Section 1260 of the Code,&rdquo; you should not recognize any gain or loss with respect to the shares received, and your
basis in such shares should be equal to the portion of your basis in the security that is allocated to the shares. &nbsp;Although there
is no direct authority governing the method by which you should allocate your basis in the security between the cash and the shares received,
it would be reasonable to allocate them according to their relative fair market values upon receipt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Your holding period for any shares of the underlying(s)
received should start on the day after receipt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>Possible Application of Section
1260 of the Code</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a security is linked to an underlying consisting
of an interest in one of a specified list of entities, including an exchange-traded fund or other regulated investment company, a real
estate investment trust, partnership or PFIC, depending upon the specific terms of the securities it is possible that an investment in
a security will be treated as a &ldquo;<U>constructive ownership transaction</U>&rdquo; within the meaning of Section 1260 of the Code.
In that case, all or a portion of any long-term capital gain you would otherwise recognize in respect of your securities would be recharacterized
as ordinary income to the extent such gain exceeded the &ldquo;<U>net underlying long-term capital gain</U>.&rdquo; In the case of securities
with certain features, such as a payment at maturity based on a leverage factor, the amount of net underlying long-term capital gain may
be unclear. Unless otherwise established by clear and convincing evidence, the amount of net underlying long-term capital gain is treated
as zero. Any long-term capital gain recharacterized as ordinary income under Section 1260 would be treated as accruing at a constant rate
over the period you held your securities, and you would be subject to an interest charge in respect of the deemed tax liability on the
income treated as accruing in prior tax years. In addition, as discussed below in &ldquo;&mdash;Possible Higher Tax on Securities Linked
to &lsquo;Collectibles,&rsquo;&rdquo; if the securities are linked to an ownership interest in collectibles or an entity that holds collectibles,
long-term capital gain that you would otherwise recognize in respect of your securities up to the amount of the &ldquo;net underlying
long-term capital gain&rdquo; could, if you are an individual or other non-corporate investor, be subject to tax at the higher rates applicable
to &ldquo;collectibles&rdquo; instead of the general rates that apply to long-term capital gain. Unless otherwise indicated in the applicable
pricing supplement, due to the lack of governing authority under Section 1260, we do not expect that our counsel will be able to opine
as to whether or how these rules will apply to the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you receive shares of the underlying(s) at
the maturity of a security that is treated as a constructive ownership transaction, you will be treated as disposing of the security at
maturity for its fair market value in a taxable transaction for purposes of applying the constructive ownership rules to any gain that
would be recognized on such deemed taxable disposition. The amount recognized and treated as ordinary income under this rule should generally
give rise to an adjustment to any gain or loss subsequently recognized on a disposition of such shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>Possible Higher Tax on Securities
Linked to &ldquo;Collectibles&rdquo;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under current law, long-term capital gain recognized
on a sale of &ldquo;<U>collectibles</U>&rdquo; (which includes, among others, metals) or an ownership interest in certain entities that
hold collectibles is generally taxed at the maximum 28% rate applicable to collectibles. It is possible that long-term capital gain from
a taxable disposition of certain securities linked to an underlying that is a collectible or is one of certain entities holding collectibles
would be subject to the rate applicable to collectibles, instead of the lower long-term capital gain rate. Prospective investors should
consult their tax advisors regarding an investment in a security linked to a collectible or to an entity holding collectibles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Securities Treated as Prepaid Financial
Contracts with Associated Coupons</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following discussion applies to securities
treated for U.S. federal income tax purposes as prepaid financial contracts with one or more associated coupon payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The discussions under &ldquo;&mdash;Securities
Treated as Prepaid Financial Contracts that are Open Transactions,&rdquo; other than &ldquo;&mdash;Securities Treated as Prepaid Financial
Contracts that are Open Transactions&mdash;Tax Treatment Prior to Disposition or Maturity&rdquo; apply to the securities addressed in
this section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>Coupon Payments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The U.S. federal tax treatment of coupon payments
on the securities is unclear. The discussion herein generally assumes that the coupon payments on the securities are taxable as ordinary
income to you at the time received or accrued in accordance with your regular method of accounting for U.S. federal income tax purposes.
However, if a different treatment applied, the timing and character of income arising from the coupon payments could differ. A different
treatment could also affect your tax basis in the securities, and therefore the amount of gain or loss you recognize on a disposition
of the securities. Except where stated otherwise, the discussion herein assumes that the coupon payments are taxable as ordinary income
at the time received or accrued in accordance with your regular method of tax accounting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the payment at maturity on a security becomes
fixed (or subject to a fixed minimum amount at least equal to the issue price) prior to maturity, the consequences are not entirely clear.
A security might be treated as terminated and reissued for U.S. federal income tax purposes at such time, in which case you might be required
to recognize gain (if any) in respect of the security. In addition, the timing and character of income you recognize in respect of the
security after that time could also be affected. You should consult your tax advisor regarding the treatment of the securities in such
an event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B STYLE="font-style: italic; font-weight: bold">Securities Treated as Put Options and Deposits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following discussion applies to securities
treated as a put option (the &ldquo;<U>Put Option</U>&rdquo;) written by you with respect to the underlying(s), secured by a deposit equal
to the issue price of the security (the &ldquo;<U>Deposit</U>&rdquo;). This discussion generally assumes that the issue price of the security
is equal to the amount due at maturity of the security (excluding the final coupon payment on the security) if the final value of the
underlying(s) equals or exceeds its initial value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under this treatment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a portion
of each coupon payment made with respect to the securities will be attributable to interest on the Deposit; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the
remainder will represent premium attributable to your grant of the Put Option (&ldquo;<U>Put Premium</U>&rdquo;).</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Coupon Payments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Securities with a Term of Not More than One
Year. </I>Because the term of the securities is not more than one year, we intend to treat the Deposit as a &ldquo;short-term obligation&rdquo;
issued at a discount equal to the sum of all interest payments to be made with respect to the Deposit, and the following discussion is
based on this treatment. Under this treatment, if you are an accrual-method holder, or a cash-method holder who so elects, you will be
required to include the discount in income as it accrues on a straight-line basis, unless you elect to accrue the discount on a constant-yield
method based on daily compounding. If the coupon rate on the security is not fixed, the timing of accrual of the discount may not be clear.
If you are a cash-method holder who does not elect to accrue the discount in income currently, (i) you should include interest paid on
the Deposit upon receipt and (ii) you will be required to defer deductions for interest paid on any indebtedness you incurred to purchase
or carry the securities in an amount not exceeding the amount of accrued discount, if any, that you have not included in income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Put Premium should not be taken into account
until retirement (which for purposes of this discussion includes an early redemption) or earlier sale or exchange of the securities. We
will provide the amount of each coupon payment that we will allocate to interest on the Deposit and to Put Premium in the applicable final
pricing supplement. This allocation is binding on you unless you disclose otherwise on your U.S. federal income tax return; however, it
is not binding on the IRS, and the IRS might disagree with it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Securities with a Term of More than One Year.</I>
We intend to treat interest paid with respect to the Deposit as ordinary interest income that is taxable to you at the time it accrues
or is received in accordance with your method of tax accounting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Put Premium should not be taken into account
until retirement (which for purposes of this discussion includes an early redemption) or earlier sale or exchange of the securities. We
will provide the amount of each coupon payment that we will allocate to interest on the Deposit and to Put Premium in the applicable final
pricing supplement. This allocation is binding on you unless you disclose otherwise on your U.S. federal income tax return; however, it
is not binding on the IRS, and the IRS might disagree with it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>Taxable Disposition Prior to Retirement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Securities with a Term of Not More than One
Year</I>. Upon a sale or exchange of a security prior to retirement, you should apportion the amount realized between the Deposit and
the Put Option based on their respective values on the date of sale or exchange. If the value of the Put Option is negative, you should
be treated as having made a payment of such negative value to the purchaser in exchange for the purchaser&rsquo;s assumption of the Put
Option, in which case a corresponding amount should be added to the amount realized in respect of the Deposit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should recognize gain or loss with respect
to the Deposit in an amount equal to the difference between (i) the amount realized that is apportioned to the Deposit and (ii) your basis
in the Deposit (i.e., the price you paid to acquire the security plus any amounts previously accrued into income but not yet paid). Any
loss should be treated as short-term capital loss. Any gain should be treated as ordinary interest income to the extent of the amount
of any accrued but unpaid discount on the Deposit not yet taken into income and any remaining gain should be treated as short-term capital
gain. If the coupon rate on a security is not fixed, the amount of a coupon payment in respect of an accrual period will not be known
until the end of the relevant observation period and, therefore, it may not be clear how much discount, if any, will be treated as having
accrued on the Deposit at the time of a sale or exchange that occurs during the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should recognize gain or loss in respect of
the Put Option in an amount equal to the total Put Premium you previously received, decreased by the amount deemed to be paid by you,
or increased by the amount deemed to be paid to you, in exchange for the purchaser&rsquo;s assumption of the Put Option. This gain or
loss should be short-term capital gain or loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Securities with a Term of More than One Year</I>.
Upon a taxable disposition of a security prior to retirement, you should apportion the amount realized between the Deposit and the Put
Option based on their respective values on the date of the disposition. If the value of the Put Option is negative, you should be treated
as having made a payment of such negative value to the purchaser in exchange for the purchaser&rsquo;s assumption of the Put Option, in
which case a corresponding amount should be added to the amount realized in respect of the Deposit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should recognize gain or loss with respect
to the Deposit in an amount equal to the difference between (i) the amount realized that is apportioned to the Deposit (other than any
amount attributable to accrued interest on the Deposit, which should be treated as a payment of interest) and (ii) your basis in the Deposit
(i.e., the price you paid to acquire the security). Such gain or loss should be long-term capital gain or loss if you have held the security
for more than one year, and short-term capital gain or loss otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should recognize gain or loss in respect of
the Put Option in an amount equal to the total Put Premium you previously received, decreased by the amount deemed to be paid by you,
or increased by the amount deemed to be paid to you, in exchange for the purchaser&rsquo;s assumption of the Put Option. This gain or
loss should be short-term capital gain or loss.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><I>Tax Treatment at Retirement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The coupon payment received upon retirement will be treated as described
above under &ldquo;Coupon Payments.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If a security is retired for its stated principal amount (without taking
into account any coupon payment), the Put Option should be deemed to have expired unexercised, in which case you should recognize short-term
capital gain in an amount equal to the sum of all payments of Put Premium received, including the Put Premium received upon retirement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At maturity, if you receive an amount of cash,
not counting the final coupon payment, that is different from the stated principal amount, the Put Option should be deemed to have been
exercised and you should be deemed to have applied the Deposit toward the cash settlement of the Put Option. In that case, you should
recognize short-term capital gain or loss with respect to the Put Option in an amount equal to the difference between (i) the sum of the
total Put Premium received (including the Put Premium received at maturity) and the cash you receive at maturity, excluding the final
coupon payment, and (ii) the Deposit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Receipt of Shares of the Underlying(s) at
Maturity</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you receive shares of the underlying(s) (and
cash in lieu of any fractional share) at maturity, the Put Option will be deemed to have been exercised, and you should be deemed to have
applied the Deposit toward the physical settlement of the Put Option. You should not recognize any income or gain in respect of the total
Put Premium received (including the Put Premium received at maturity) and should not recognize any gain or loss with respect to the Deposit
or the shares received. Assuming this treatment, you should have an aggregate tax basis in the physical delivery amount of the shares
equal to the Deposit less the total Put Premium received over the term of the securities. Your holding period for any shares received
should start on the day after receipt. With respect to any cash received in lieu of a fractional share, you should recognize short-term
capital gain or loss in an amount equal to the difference between the amount of cash received in lieu of the fractional share and the
pro rata portion of your aggregate tax basis that is allocable to the fractional share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Tax Consequences to Non-U.S. Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This section applies only to Non-U.S. Holders.
You are a &ldquo;<U>Non-U.S. Holder</U>&rdquo; if for U.S. federal income tax purposes you are a beneficial owner of a security that is:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">an individual who is classified as a nonresident
alien;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a foreign corporation; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a foreign trust or estate.&nbsp;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You are not a Non-U.S. Holder for purposes of
this discussion if you are (i) an individual who is present in the United States for 183 days or more in the taxable year of disposition
or (ii) a former citizen or resident of the United States and certain conditions apply. If you are or may become such a person during
the period in which you hold a security, you should consult your tax advisor regarding the U.S. federal tax consequences of an investment
in the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As discussed below under &ldquo;Possible Taxable
Event,&rdquo; under certain circumstances, the securities could be subject to a significant modification and therefore deemed to be terminated
and reissued for U.S. federal income tax purposes. In that event, depending on the facts and the time of the deemed reissuance, the reissued
securities might be treated in a manner different from their original treatment for U.S. federal income tax purposes. As a result, you
might be subject to withholding tax in respect of the reissued securities, or might be required to provide certification of your status
as a non-U.S. person in order to avoid being subject to withholding. You should consult your tax advisor regarding the consequences of
a significant modification of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Coupon Payments on the Securities</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This section is subject to the discussions below
under &ldquo;&mdash;Dividend Equivalents under Section 871(m) of the Code&rdquo; and &ldquo;FATCA.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We currently do not intend to treat coupon payments
on the securities as subject to U.S. federal withholding tax, assuming you provide an appropriate IRS Form W-8 to the applicable withholding
agent or otherwise establish your status as a non-United States person. However, because of the uncertain treatment of the securities,
it is possible that the IRS could assert that such payments are subject to U.S. withholding tax, or that we or another withholding agent
may otherwise determine that withholding is required, in which case we or the other withholding agent may withhold at a rate of up to
30% on such payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If income on the securities is effectively connected
with your conduct of a trade or business in the United States, see &ldquo;&mdash;Effectively Connected Income&rdquo; below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Sale, Exchange or Retirement of the Securities</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Subject to the possible application of Section 897 of the Code (see
&ldquo;&mdash;FIRPTA&rdquo; below) and the discussions below under &ldquo;&mdash;Dividend Equivalents under Section 871(m) of the Code&rdquo;
and &ldquo;FATCA,&rdquo; you generally should not be subject to U.S. federal withholding or income tax in respect of amounts you receive
on the sale, exchange or retirement of a security (other than amounts received in respect of accrued coupon payment, which may be treated
as described above under &ldquo;&mdash;Coupon Payments on the Securities&rdquo;), provided that income in respect of the securities is
not effectively connected with your conduct of a trade or business in the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Dividend Equivalents under Section 871(m)
of the Code</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Section 871(m) of the Code and the Treasury regulations
thereunder (&ldquo;<U>Section 871(m)</U>&rdquo;) impose a 30% (or lower treaty rate) withholding tax on &ldquo;dividend equivalents&rdquo;
paid or deemed paid to Non-U.S. Holders with respect to certain financial instruments linked to U.S. equities (&ldquo;<U>Underlying Securities</U>&rdquo;),
as defined under the applicable Treasury regulations, or indices that include Underlying Securities. Section 871(m) generally applies
to &ldquo;specified equity-linked instruments&rdquo; (&ldquo;<U>Specified ELIs</U>&rdquo;), which are financial instruments that substantially
replicate the economic performance of one or more Underlying Securities, as determined based on tests set forth in the applicable Treasury
regulations and discussed further below. Section 871(m) provides certain exceptions to this withholding regime, in particular for instruments
linked to certain broad-based indices that meet requirements set forth in the applicable Treasury regulations (&ldquo;<U>Qualified Indices</U>&rdquo;)
as well as exchange-traded funds that track such indices (&ldquo;<U>Qualified Index Securities</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Section 871(m) regime became effective
in 2017, Treasury regulations, as modified by an IRS notice, phase in the application of Section 871(m) as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">For financial instruments issued prior to 2023,
Section 871(m) will generally apply only to financial instruments that have a &ldquo;delta&rdquo; of one.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">For financial instruments issued in 2023 and
thereafter, Section 871(m) will apply if either (i) the &ldquo;delta&rdquo; of the relevant financial instrument is at least 0.80, if
it is a &ldquo;simple&rdquo; contract, or (ii) the financial instrument meets a &ldquo;substantial equivalence&rdquo; test, if it is a
&ldquo;complex&rdquo; contract.&nbsp;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<U>Delta</U>&rdquo; is generally defined
as the ratio of the change in the fair market value of a financial instrument to a small change in the fair market value of the number
of shares of the Underlying Security. The &ldquo;substantial equivalence&rdquo; test measures whether a complex contract tracks its &ldquo;initial
hedge&rdquo; (shares of the Underlying Security that would fully hedge the contract) more closely than would a &ldquo;benchmark&rdquo;
simple contract with a delta of 0.80.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The calculations are generally made at the
&ldquo;<U>calculation date</U>,&rdquo; which is the earlier of (i) the time of pricing of the security, <I>i.e.</I>, when all material
terms have been agreed on, and (ii) the issuance of the security. However, if the time of pricing is more than 14 calendar days before
the issuance of the security, the calculation date is the date of the issuance of the security. In those circumstances, information regarding
our final determinations for purposes of Section 871(m) may be available only after the time of pricing of the security. As a </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">result,
you should acquire such a security only if you are willing to accept the risk that the security is treated as a Specified ELI subject
to withholding under Section 871(m).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the terms of a security are subject to a &ldquo;significant
modification&rdquo; (for example, upon an event discussed below under &ldquo;Possible Taxable Event&rdquo;), the security generally will
be treated as reissued for this purpose at the time of the significant modification, in which case the security could become a Specified
ELI at that time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a security is a Specified ELI, withholding
in respect of dividend equivalents will, depending on the issuer or applicable withholding agent&rsquo;s circumstances, generally be required
either (i) on the underlying dividend payment date or (ii) when cash payments are made on the security or upon the date of maturity, lapse
or other disposition of the security by you, or possibly upon certain other events. Depending on the circumstances, we or the applicable
withholding agent may withhold the required amounts from coupons or other payments on the security, from proceeds of the retirement or
other disposition of the security, or from your other cash or property held by us or the withholding agent. If withholding applies, you
should expect that we or the withholding agent will withhold at the applicable statutory rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The dividend equivalent amount will include
the amount of any actual or, under certain circumstances, estimated dividend. If the dividend equivalent amount is based on the actual
dividend, it will be equal to the product of: (i) in the case of a &ldquo;simple&rdquo; contract, the per-share dividend amount, the number
of shares of an Underlying Security and the delta; or (ii) in the case of a complex contract, the per-share dividend amount and the initial
hedge. The dividend equivalent amount for Specified ELIs issued prior to 2023 that have a delta of one will be calculated in the same
manner as (i) above, using a delta of one. The per-share dividend amount will be the actual dividend (including any special dividends)
paid with respect to a share of the Underlying Security. If the dividend equivalent amount is based on an estimated dividend, the applicable
pricing supplement will generally state the estimated amounts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Depending on the terms of a security and
whether or not it is issued prior to 2023, the pricing supplement may contain additional information relevant to Section 871(m), such
as whether the security references a Qualified Index or Qualified Index Security; whether it is a simple contract; the delta and the number
of shares multiplied by delta (for a simple contract); and whether the substantial equivalence test is met and the initial hedge (for
a complex contract).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Prospective purchasers of the securities
should consult their tax advisors regarding the potential application of Section 871(m) to a particular security and whether they are
eligible for a refund of any part of the withholding tax discussed above on the basis of an applicable U.S. income tax treaty, as well
as the process for obtaining such a refund (which will generally require the filing of a U.S. federal income tax return). In some circumstances,
it may not be possible for a Non-U.S. Holder to obtain the documentation necessary to support a refund claim under an applicable treaty.
Our determination is binding on Non-U.S. Holders and withholding agents, but it is not binding on the IRS. The Section 871(m) regulations
require complex calculations to be made with respect to securities linked to U.S. equities and their application to a specific issue of
securities may be uncertain. Accordingly, even if we determine that certain securities are not Specified ELIs, the IRS could challenge
our determination and assert that withholding is required in respect of those securities. Moreover, your consequences under Section 871(m)
may depend on your particular circumstances. For example, if you enter into other transactions relating to an Underlying Security, you
could be subject to withholding tax or income tax liability under Section 871(m) even if the securities are not Specified ELIs subject
to Section 871(m) as a general matter. Non-U.S. Holders should consult their tax advisors regarding the application of Section 871(m)
in their particular circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will not be required to pay any additional
amounts with respect to U.S. federal withholding taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>FIRPTA</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Section 897 of the Code, commonly referred to
as &ldquo;<U>FIRPTA</U>,&rdquo; applies to certain interests in entities that beneficially own significant amounts of United States real
property interests (each, a &ldquo;<U>USRPI</U>&rdquo;). As discussed above, we will not attempt to ascertain whether any Underlying Issuer
should be treated as a USRPHC for purposes of Section 897 of the Code (including a non-corporate entity treated for relevant purposes
of Section 897 of the Code as a USRPHC). If a relevant issuer were so treated, it is possible that, subject to the exceptions discussed
in the following paragraph, a security could be treated as a USRPI, in which case any gain from the disposition of the security would
generally be subject to U.S. federal income tax and would be required to be reported by the Non-U.S. Holder on a U.S. federal income tax
return, generally in the same manner as if the Non-U.S. Holder were a U.S. Holder, and would in certain cases be subject to withholding
in the amount of 15% of the gross proceeds of such disposition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">An exception to the FIRPTA rules applies in respect
of interests in entities that have a regularly traded class of interests outstanding. Under this exception, a security that is not &ldquo;regularly
traded&rdquo; on an established securities market generally should not be subject to the FIRPTA rules unless its fair market value upon
acquisition exceeds 5% of the relevant issuer's regularly traded class of interests as specified in the applicable Treasury regulations.
In the case of securities that are regularly traded, a holding of 5% or less of the outstanding securities of that class or series generally
should not be subject to the FIRPTA rules. Certain attribution and aggregation rules apply, and prospective purchasers are urged to consult
their tax advisors regarding whether their ownership interest in the securities will be subject to an exemption from the FIRPTA rules
in light of their circumstances, including any other interest they might have in a relevant issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Effectively Connected Income</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you are engaged in a U.S. trade or business,
and if income or gain from the securities are effectively connected with the conduct of that trade or business, you generally will be
subject to regular U.S. federal income tax with respect to that income or gain in the same manner as if you were a U.S. Holder, subject
to the provisions of an applicable income tax treaty. In this event, if you are a corporation, you should also consider the potential
application of a 30% (or lower treaty rate) branch profits tax. You generally will be exempt from the 30% withholding tax described in
&ldquo;&mdash;Coupon Payments on the Securities&rdquo; and &ldquo;Dividend Equivalents under Section 871(m) of the Code,&rdquo; assuming
you provide a W-8ECI to the applicable withholding agent stating that the income is effectively connected with your conduct of a U.S.
trade or business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Possible Taxable Event</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A change in the methodology by which an underlying is calculated, a
reorganization event, a change in the components of an underlying, the designation of a successor underlying, or the designation of a
substitute or successor rate, or other similar circumstances resulting in a material change to an underlying or to the method by which
amounts payable on the securities are determined, could result in a significant modification of the affected securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A significant modification would generally result in the securities
being treated as terminated and reissued for U.S. federal income tax purposes. In that event, you might be required to recognize gain
or loss (subject to the possible application of the wash sale rules) with respect to the securities, and your holding period for your
securities could be affected. Moreover, depending on the facts at the time of the significant modification, the reissued securities could
be characterized for U.S. federal income tax purposes in a manner different from their original treatment, which could have a significant
and potentially adverse effect on the timing and character of income you recognize with respect to the securities after the significant
modification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">You should consult your tax advisor regarding the consequences of a
significant modification of the securities. Except where stated otherwise, the discussion herein assumes that there has not been a significant
modification of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Fungibility of Subsequent Issuances of the Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may, without the consent of the holders of outstanding securities,
issue additional securities with identical terms. Even if they are treated for non-tax purposes as part of the same series as the original
securities, these additional securities may be treated as a separate issue for U.S. federal income tax purposes or otherwise be treated
differently from the original securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>U.S. Federal Estate Tax</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A security may be subject to U.S. federal estate
tax if an individual Non-U.S. Holder, or an entity the property of which is potentially includible in such an individual&rsquo;s gross
estate for U.S. federal estate tax purposes (for example, a trust funded by such an individual and with respect to which the individual
has retained certain interests or powers), holds the security at the time of the individual&rsquo;s death. The gross estate of a Non-U.S.
Holder domiciled outside the United States includes only property deemed situated in the United States. Individual Non-U.S. Holders, and
the entities mentioned above, should consult their tax advisors regarding the U.S. federal estate tax consequences of an investment in
the securities in their particular situation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Reportable Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A taxpayer that participates in a &ldquo;reportable transaction&rdquo;
is subject to information reporting requirements under Section 6011 of the Code. Reportable transactions include, among other things,
certain transactions identified by the IRS as well as certain losses recognized in an amount that exceeds a specified threshold level.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In 2015, the U.S. Treasury Department and the IRS released notices
designating certain &ldquo;basket options,&rdquo; &ldquo;basket contracts&rdquo; and substantially similar transactions as reportable
transactions. The notices apply to specified transactions in which a taxpayer or its &ldquo;designee&rdquo; has, and exercises, discretion
to change the assets or an algorithm underlying the transaction. While an exercise of the type of discretion that would give rise to such
reporting requirements in respect of the securities is not expected, if we, an index sponsor or calculation agent or other person were
to exercise discretion under the terms of a security or an Index and were treated as a holder&rsquo;s designee for these purposes, unless
an exception applied certain holders of the relevant securities would be required to report certain information to the IRS, as set forth
in the applicable Treasury regulations, or be subject to penalties. We might also be required to report information regarding the transaction
to the IRS. You should consult your tax advisor regarding these rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Information Reporting and Backup Withholding</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payments on the securities as well as the proceeds of a sale, exchange
or other disposition (including retirement) of the securities may be subject to information reporting and, if you fail to provide certain
identifying information (such as an accurate taxpayer identification number if you are a U.S. Holder) or meet certain other conditions,
may also be subject to backup withholding at the rate specified in the Code. If you are a Non-U.S. Holder that provides an appropriate
IRS Form W-8, you will generally establish an </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">exemption from backup withholding. Amounts withheld under the backup withholding rules are
not additional taxes and may be refunded or credited against your U.S. federal income tax liability, provided the relevant information
is timely furnished to the IRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>FATCA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legislation commonly referred to as &ldquo;<U>FATCA</U>&rdquo;
generally imposes a withholding tax of 30% on payments to certain non-U.S. entities (including financial intermediaries) with respect
to certain financial instruments, unless various U.S. information reporting and due diligence requirements (that are in addition to, and
potentially significantly more onerous than, the requirement to deliver an IRS Form W-8) have been satisfied. An intergovernmental agreement
between the United States, and the non-U.S. entity&rsquo;s jurisdiction may modify these requirements. This legislation generally applies
to interest from U.S. sources, certain dividend equivalents (as defined above) under Section 871(m) and any other U.S.-source &ldquo;fixed
or determinable annual or periodical&rdquo; income. While existing Treasury regulations would also require withholding on payments of
gross proceeds of the disposition (including upon retirement) of securities that provide for U.S.-source interest, the U.S. Treasury Department
has indicated in subsequent proposed regulations its intent to eliminate this requirement. The U.S. Treasury Department has stated that
taxpayers may rely on these proposed regulations pending their finalization. If you are a Non-U.S. Holder, or a U.S. Holder holding securities
through a non-U.S. intermediary, you should consult your tax advisor regarding the potential application of FATCA to the securities, including
the availability of certain refunds or credits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding anything to the contrary herein
or in the applicable pricing supplement, we will not be required to pay any additional amounts with respect to amounts withheld in respect
of U.S. federal income taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

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