Any investment in the Notes is subject to a number of risks. Prior to investing in the Notes, prospective investors should carefully consider the risk factors associated with any investment in the Notes. Some of the principal risks are outlined below. The value of the Notes may fluctuate and income or growth is not guaranteed. Your investment may not increase in value, and you may lose some or all of your investment. Historical performance of the Underlying(s) or any component of the Underlying(s) is not predictive of future results.