This message (including attachments) is for informational purposes only, is not an offer, solicitation, recommendation or commitment for any transaction or to buy or sell any security or other financial product (unless expressly stated otherwise), and is not intended as investment advice or as a confirmation of any transaction (except for any transaction confirmation transmitted herewith). Prices, levels and valuations are only indications and subject to change. Wells Fargo Securities (WFS) does not guarantee the accuracy and makes no express or implied warranties. Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC (WFS), a member of NYSE, FINRA, NFA & SIPC, Wells Fargo Prime Services, LLC (WFPS), a member of FINRA, NFA & SIPC, and Wells Fargo Bank, N.A.
Swap products are offered out of Wells Fargo Bank, N.A. (WFB) and physical commodity products are offered out of Wells Fargo Commodities, LLC. To the extent any affiliate of WFB engages in swap activities, it does so for the purposes of hedging its own commercial risks. Affiliates of WFB are not in the business of making markets in swaps and do not engage in transactions for the purposes of providing liquidity or accommodating a market participant’s demand for swaps. Swap clearing services are offered by WFS. If you are a “Special Entity” within the meaning of 17 C.F.R. §23.401(c), you are hereby notified that this communication (including any attachments) does not, is not intended to and should not be interpreted as an expression of an opinion within the meaning of 17 C.F.R. §23.440 by any person on behalf of Wells Fargo & Company and its affiliates as to whether you should enter into any swap or trading strategy involving a swap.
