Disclosures

1. BNYM Has an Active Role in Preparing Potential Strategies

The potential strategies described in this document are based solely upon information you have provided. Therefore, any other factors which have not been communicated to The Bank of New York Mellon ("BNY Mellon") could affect any or all of the strategies presented. In addition, BNY Mellon is not acting as your fiduciary or advisor. You are responsible for all decisions relating to the transaction, including evaluating the risks and determining whether the transaction is appropriate for you. No representation is made that any return indicated will be achieved. This document has been prepared solely for informational and discussion purposes, for private circulation, and is not an offer or solicitation to buy or sell any financial product or to participate in any particular strategy. BNY Mellon may have long or short positions in any currency, derivative or instrument discussed herein. BNY Mellon has included data in this document from information generally available to the public from sources believed to be reliable. Any price or other data used for illustrative purposes may not reflect actual current conditions. No representations or warranties are made, and BNY Mellon assumes no liability, as to the accuracy or completeness of any data. Price and other data are subject to change at any time without notice.

2. General Newsletter or Other Marketing Materials

This document has been prepared solely for informational and discussion purposes, for private circulation, and is not an offer or solicitation to buy or sell any financial product or to participate in any particular strategy. The Bank of New York Mellon, and its broker dealer affiliates, may have long or short positions in any currency, derivative or instrument discussed herein. The Bank of New York Mellon has included data in this document from information generally available to the public from sources believed to be reliable. Any price or other data used for illustrative purposes may not reflect actual current conditions. No representations or warranties are made, and The Bank of New York Mellon assumes no liability, as to the accuracy or completeness of any data. Price and other data are subject to change at any time without notice.

FROM TIME TO TIME IN THE PREPARATION OF WRITTEN COMMUNICATIONS TO COUNTERPARTIES, SITUATIONS MAY BE ENCOUNTERED IN WHICH A DISCLOSURE IS DESIRABLE BUT WHICH DO NOT FIT IN ANY OF THE CATEGORIES ABOVE. IN SUCH CASES, THE AUTHOR OF THE COMMUNICATION SHOULD CONSULT WITH COMPLIANCE OR LEGAL TO DRAFT AN APPROPRIATE FORM OF DISCLOSURE.

DISCLOSURES/DISCLAIMERS FOR EQUITY DERIVATIVES

1. BNYM Has an Active Role in Preparing Potential Strategies

The potential strategies described in this document are based solely upon information you have provided. Therefore, any other factors which have not been communicated to The Bank of New York Mellon ("BNY Mellon") could affect any or all of the strategies presented. In addition, BNY Mellon is not acting as your fiduciary or advisor. You are responsible for all decisions relating to the transaction, including evaluating the risks and determining whether the transaction is appropriate for you. No representation is made that any return indicated will be achieved. This document has been prepared solely for informational and discussion purposes, for private circulation, and is not an offer or solicitation to buy or sell any financial product or to participate in any particular strategy. BNY Mellon may have long or short positions in any currency, derivative or instrument discussed herein. BNY Mellon has included data in this document from information generally available to the public from sources believed to be reliable. Any price or other data used for illustrative purposes may not reflect actual current conditions. No representations or warranties are made, and BNY Mellon assumes no liability, as to the accuracy or completeness of any data. Price and other data are subject to change at any time without notice. BNYM Capital Markets, LLC acts as agent for BNY Mellon in respect of any transaction that is a security under U.S. law.

2. General Newsletter or Other Marketing Materials

This document has been prepared solely for informational and discussion purposes, for private circulation, and is not an offer or solicitation to buy or sell any financial product or to participate in any particular strategy. The Bank of New York Mellon (the "BNY Mellon") may have long or short positions in any currency, derivative or instrument discussed herein. BNY Mellon has included data in this document from information generally available to the public from sources believed to be reliable. Any price or other data used for illustrative purposes may not reflect actual current conditions. No representations or warranties are made, and BNY Mellon assumes no liability, as to the accuracy or completeness of any data. Price and other data are subject to change at any time without notice. BNYM Capital Markets, LLC acts as agent for BNY Mellon in respect of any transaction that is a security under U.S. law.