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Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

This investment may use derivatives such as Futures, Options and Swaps and therefore expose you to counterparty risk: be sure you understand the nature of the investment and where the final risk exposure lies.

These investments are more appropriate for experienced investors: we will ask you to complete an appropriateness assessment before trading them.

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