2SHUDWLQJ,QVWUXFWLRQV
;5& ;5& ;5& *% U GRF
;5& ² ;5& ;5&
7KH WHPSHUDWXUH UDQJH DOORZHG IRU FRUUHFW RSHUDWLRQ LV
÷
& $YRLG SODFHV VXEMHFW WR
VWURQJ YLEUDWLRQV FRUURVLYH JDVHV H[FHVVLYH GLUW RU KXPLGLW\ 7KH VDPH
UHFRPPHQGDWLRQV DSSO\ WR SUREHV /HW DLU FLUFXODWH E\ WKH FRROLQJ KROHV
(/(&75,&$/ &211(&7,216
7KH LQVWUXPHQW DUH SURYLGHG ZLWK VFUHZ WHUPLQDO EORFN WR FRQQHFW FDEOHV ZLWK D FURVV
VHFWLRQ XS WR PP
+HDWUHVLVWDQW FDEOHV KDYH WR EH XVHG %HIRUH FRQQHFWLQJ FDEOHV
PDNH VXUH WKH SRZHU VXSSO\ FRPSOLHV ZLWK WKH LQVWUXPHQW¶V UHTXLUHPHQWV 6HSDUDWH WKH
SUREH FDEOHV IURP WKH SRZHU VXSSO\ FDEOHV IURP WKH RXWSXWV DQG WKH SRZHU
FRQQHFWLRQV 'R QRW H[FHHG WKH PD[LPXP FXUUHQW DOORZHG RQ HDFK UHOD\ LQ FDVH RI
KHDYLHU ORDGV XVH D VXLWDEOH H[WHUQDO UHOD\
352%( &211(&7,21
7KH SUREHV VKDOO EH PRXQWHG ZLWK WKH EXOE XSZDUGV WR SUHYHQW GDPDJHV GXH WR FDVXDO
OLTXLG LQILOWUDWLRQ ,W LV UHFRPPHQGHG WR SODFH SUREH DZD\ IURP DLU VWUHDPV WR FRUUHFWO\
PHDVXUH WKH DYHUDJH URRP WHPSHUDWXUH
86( 2) 7+( 352*5$00,1* ´+27 .(< ´
7KH XQLW FDQ 83/2$' RU '2:1/2$' WKH SDUDPHWHU OLVW IURP LWV RZQ ( LQWHUQDO
PHPRU\ WR WKH ´+RW .H\µ DQG YLFHYHUVD
'2:1/2$' )520 7+( ´+27 .(<µ 72 7+( ,167580(17
7XUQ 2)) WKH LQVWUXPHQW LQVHUW WKH ´+RW .H\µ DQG WKHQ WXUQ WKH LQVWUXPHQW 21
$XWRPDWLFDOO\ WKH SDUDPHWHU OLVW RI WKH ´+RW .H\µ LV GRZQORDGHG LQWR WKH PHPRU\
WKH ³GR/´ PHVVDJH LV EOLQNLQJ $IWHU VHFRQGV WKH LQVWUXPHQW ZLOO UHVWDUW ZRUNLQJ
ZLWK WKH QHZ SDUDPHWHUV
7XUQ 2)) WKH LQVWUXPHQW UHPRYH WKH ´+RW .H\µ SOXJ LQ WKH 77/ VHULDO FDEOH
WKHQ WXUQ LW 21 DJDLQ
$W WKH HQG RI WKH GDWD WUDQVIHU SKDVH WKH LQVWUXPHQW GLVSOD\V WKH IROORZLQJ PHVVDJHV
³HQG ³ IRU ULJKW SURJUDPPLQJ 7KH LQVWUXPHQW VWDUWV UHJXODUO\ ZLWK WKH QHZ SURJUDPPLQJ
³HUU´ IRU IDLOHG SURJUDPPLQJ ,Q WKLV FDVH WXUQ WKH XQLW RII DQG WKHQ RQ LI \RX ZDQW WR
UHVWDUW WKH GRZQORDG DJDLQ RU UHPRYH WKH ³+RW NH\´ WR DERUW WKH RSHUDWLRQ
83/2$' )520 7+( ,167580(17 72 7+( ´+27 .(<µ
:KHQ WKH XQLW LV 21 LQVHUW WKH ³+RW NH\´ DQG SXVK
K
NH\ WKH X3/ PHVVDJH
DSSHDUV
3XVK ³6(7µ NH\ WR VWDUW WKH 83/2$' WKH ³X3/´ PHVVDJH LV EOLQNLQJ
7XUQ 2)) WKH LQVWUXPHQW UHPRYH WKH ´+RW .H\µ SOXJ LQ WKH 77/ VHULDO FDEOH
WKHQ WXUQ LW 21 DJDLQ
$W WKH HQG RI WKH GDWD WUDQVIHU SKDVH WKH LQVWUXPHQW GLVSOD\V WKH IROORZLQJ PHVVDJHV
³HQG ³ IRU ULJKW SURJUDPPLQJ
³HUU´ IRU IDLOHG SURJUDPPLQJ ,Q WKLV FDVH SXVK ³6(7´ NH\ LI \RX ZDQW WR UHVWDUW WKH
SURJUDPPLQJ DJDLQ RU UHPRYH WKH QRW SURJUDPPHG ³+RW NH\´
$/$50 6,*1$/6
0HVVDJH &DXVH
2XWSXWV
³3´
7KHUPRVWDW SUREH IDLOXUH $ODUP RXWSXW 21 &RPSUHVVRU RXWSXW DFFRUGLQJ WR
SDUDPHWHUV ³&2Q´ DQG ³&2)´
³3´
(YDSRUDWRU SUREH IDLOXUH
RQO\ IRU ;5&
;5&
$ODUP RXWSXW 21 2WKHU RXWSXWV XQFKDQJHG
³3´
$X[LOLDU\ SUREH IDLOXUH
$ODUP RXWSXW 21
2WKHU RXWSXWV XQFKDQJHG
³G$´
'RRU VZLWFK DODUP
$ODUP RXWSXW 21 2WKHU RXWSXWV XQFKDQJHG
³($/´ ([WHUQDO DODUP
$ODUP RXWSXW 21 2WKHU RXWSXWV XQFKDQJHG
³E$/´ 6HULRXV H[WHUQDO DODUP
$ODUP RXWSXW 21 2WKHU RXWSXWV 2))
³3$/´ 3UHVVXUH VZLWFK DODUP
$ODUP RXWSXW 21 2WKHU RXWSXWV 2))
³UWF´
5HDO WLPH FORFN DODUP
$ODUP RXWSXW 21 2WKHU RXWSXWV XQFKDQJHG
'HIURVWV DFFRUGLQJ WR SDU ³,G)´
7KH DODUP PHVVDJH LV GLVSOD\HG XQWLO WKH DODUP FRQGLWLRQ LV UHFRYHU\
$OO WKH DODUP PHVVDJHV DUH VKRZHG DOWHUQDWLQJ ZLWK WKH URRP WHPSHUDWXUH H[FHSW IRU
WKH ³3´ ZKLFK LV IODVKLQJ
6,/(1&,1* %8==(5
2QFH WKH DODUP VLJQDO LV GHWHFWHG WKH EX]]HU LV VLOHQFHG E\ SUHVVLQJ DQ\ NH\
$/$50 5(&29(5<
3UREH DODUPV ³3´ SUREH IDXOW\ ³3´ DQG ³3´ WKH\ DXWRPDWLFDOO\ VWRS V DIWHU WKH
SUREH UHVWDUWV QRUPDO RSHUDWLRQ &KHFN FRQQHFWLRQV EHIRUH UHSODFLQJ WKH SUREH
'RRU VZLWFK DODUP ³G$´ VWRS DV VRRQ DV WKH GRRU LV FORVHG
([WHUQDO DODUPV ³($/´ ³%$/´ VWRS DV VRRQ DV WKH H[WHUQDO GLJLWDO LQSXW LV GLVDEOHG
³3$/´ DODUP LV UHFRYHUHG E\ VZLWFKLQJ 2)) WKH LQVWUXPHQW
7(&+1,&$/ '$7$
+RXVLQJ VHOI H[WLQJXLVKLQJ $%6
&DVH IURQWDO [ PP GHSWK PP
0RXQWLQJ SDQHO PRXQWLQJ LQ D [PP SDQHO FXWRXW
3URWHFWLRQ ,3
)URQWDO SURWHFWLRQ ,3 ZLWK IURQWDO JDVNHW 5*& RSWLRQDO
&RQQHFWLRQV 6FUHZ WHUPLQDO EORFN
≤
PP
KHDWUHVLVWDQW ZLULQJ
3RZHU VXSSO\ 9DF RSW9DF
3RZHU DEVRUSWLRQ 9$ PD[
,QSXWV 17& SUREHV
5HOD\ RXWSXWV
FRPSUHVVRU 6367 UHOD\ $ 9DF RU
GHIURVW UHOD\ 63'7 $ 9DF ;5& ;5&
IDQV UHOD\ 6367 $ 9DF ;5&
2WKHU RXWSXW $ODUP EX]]HU
.LQG RI DFWLRQ %
3ROOXWLRQ JUDGH QRUPDO
6RIWZDUH FODVV $
'DWD VWRULQJ RQ WKH QRQYRODWLOH PHPRU\ ((3520
2SHUDWLQJ WHPSHUDWXUH · &
6WRUDJH WHPSHUDWXUH · &
5HODWLYH KXPLGLW\
÷
QR FRQGHQVLQJ
0HDVXULQJ DQG UHJXODWLRQ UDQJH ·& ·)
5HVROXWLRQ & RU & RU ) VHOHFWDEOH
$FFXUDF\ DPELHQW WHPS & UDQJH ·& ·) & GLJLW
:,5,1* &211(&7,216
21 22 23
1 2 3
10
7
6
&RPS
1&
3RZHU VXSSO\
9DF
11
/LQH
$
3RZHU VXSSO\ 9DF FRQQHFW WR WHUPLQDOV
21 22 23
1 2 3 5 6
10
8 9
0D[
$
7
&RPS
1&
$
3RZHU VXSSO\
9DF
'HI
11
/LQH
$
3RZHU VXSSO\ 9DF FRQQHFW WR WHUPLQDOV
21 22 23
1 2 3 4 5 6
10
8 9
0D[
$ $
$
7
&RPS
1&
$
3RZHU VXSSO\
9DF
'HI
)DQ
11
/LQH
3RZHU VXSSO\ 9DF FRQQHFW WR WHUPLQDOV
