for undertaking its own target market assessment in respect of the Subsequent Bonds (by either adopting or refining the 
Manufacturer's target market assessment) and determining appropriate distribution channels. For the avoidance of doubt, 
the target market assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes 
of MiFID II or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other 
action whatsoever with respect to the Subsequent Bonds. Each distributor is responsible for undertaking its own target 
market assessment in respect of the Subsequent Bonds and determining appropriate distribution channels. 
PRIIPs regulation: In the event of issuance of Subsequent Bonds, the Subsequent Bonds are not deemed to fall within the 
scope of Regulation (EU) No 1286/2014 (as amended) and no key information document (KID) has been prepared.

1205163 2021-06-07


 
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(END) Dow Jones Newswires

June 07, 2021 11:52 ET (15:52 GMT)