Important Legal Information
The information in this Internet site (the "Site") is directed at, and is intended for distribution to, and use by, persons in the U.S. only. It is not intended for distribution to, or use by, any person in any other jurisdiction. Overseas investors, including UK investors, are directed to our International Private Banking Group site.
By connecting to and using this Site, you are indicating that you are 18 years old or older and you agree to be bound by all of the terms and conditions set forth on this page.
Neither the information nor any opinion expressed in the Site constitutes an offer by any of the Merrill Lynch group of companies to buy or sell any securities or financial instruments or provide any investment advice or service.
None of the services, investments or mutual funds referred to in the Site are available, and prospectuses in respect of them will not be distributed, to persons resident in any state or territory where such distribution would be contrary to local law or regulation. Deposits will only be taken by members of the Merrill Lynch group that are authorized to do so and will not be taken from investors where this would infringe applicable local laws or regulations in that investor's jurisdiction. The information in the Site is descriptive of the operations of the Merrill Lynch group as a whole and the services, securities and financial instruments described may not be available to or suitable for you. Not all strategies are appropriate at all times. The opinions expressed in the Site do not constitute investment advice. Independent advice should be sought in cases of doubt.
The value and income of any of the securities or financial instruments mentioned in the Site can fall as well as rise and an investor may get back less than he invested. Foreign-currency-denominated securities and financial instruments are subject to fluctuations in exchange rates that could have a positive or adverse effect on the value, price or income of such securities and financial instruments. Past performance is not necessarily a guide to future performance.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) or its affiliates may at any time be long or short any securities or financial instruments mentioned in the Site, or act as market maker or provide or have provided advice or services in relation to such securities or financial instruments.
The investment services and products mentioned in the Site may often have tax consequences; therefore, it is important to bear in mind that the Merrill Lynch group does not provide tax advice. The levels and bases of taxation can change. Investors' tax affairs are their own responsibility and investors should consult their own attorneys or other tax advisors in order to understand the tax consequences of any products and services mentioned in the Site.
The content available through this Site is the property of Merrill Lynch & Co., Inc. or its licensors and is protected by copyright and other intellectual property laws. Content received through this Site may be displayed, reformatted, and printed for your personal, non-commercial use only. You agree not to reproduce, retransmit, distribute, disseminate, sell, publish, broadcast or circulate the content received through this Site to anyone, including but not limited to others in the same company or organization, without the express prior written consent of Merrill Lynch & Co., Inc., with this one exception: You may, on an occasional and irregular basis, disseminate an insubstantial portion of content from this Site, for a noncommercial purpose, without charge, and transmitted in non-electronic form, to a limited number of individuals, provided you include all copyright and other proprietary rights notices with such portion of the content in the same form in which the notices appear in this Site, original source attribution, and the phrase "Used with permission from Merrill Lynch & Co., Inc." You may not post any content from this Site to newsgroups, mail lists or electronic bulletin boards, without the prior written consent of Merrill Lynch & Co., Inc.
THIS SITE INCLUDES FACTS, VIEWS, OPINIONS AND RECOMMENDATIONS OF INDIVIDUALS AND ORGANIZATIONS DEEMED OF INTEREST. Merrill Lynch & CO., INC. AND ITS CONTENT LICENSORS DO NOT WARRANT THE ACCURACY, COMPLETENESS OR TIMELINESS, MERCHANTABILITY, NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE OF, OR OTHERWISE ENDORSE, THESE VIEWS, OPINIONS OR RECOMMENDATIONS. NEITHER Merrill Lynch & CO., INC. NOR ANY OF ITS AFFILIATES, AGENTS OR LICENSORS SHALL BE LIABLE TO YOU OR ANYONE ELSE FOR ANY LOSS OR INJURY, OTHER THAN DEATH OR PERSONAL INJURY RESULTING DIRECTLY FROM THE USE OF THIS SITE, CAUSED IN WHOLE OR PART BY ITS NEGLIGENCE OR CONTINGENCIES BEYOND ITS CONTROL IN PROCURING, COMPILING, INTERPRETING, REPORTING OR DELIVERING THIS SITE AND ANY CONTENT THROUGH THIS SITE. IN NO EVENT WILL Merrill Lynch & CO., INC., ITS AFFILIATES, AGENTS OR LICENSORS BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE ON SUCH CONTENT OR THIS SITE. Merrill Lynch & CO., INC. AND ITS AFFILIATES, AGENTS AND LICENSORS SHALL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DAMAGES OTHER THAN DIRECT DAMAGES (INCLUDING, WITHOUT LIMITATION, CONSEQUENTIAL, SPECIAL, INCIDENTAL, INDIRECT, OR SIMILAR DAMAGES) EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.