LUX-CROISSANCE

Disclaimer

The information, simulations and prices contained in this marketing document, which are not contractually binding, are provided for information only and do not constitute a sales offer, investment advice or an investment incentive. They do not replace the investment advice of a manager and do not exempt you from conducting your own assessment.

 Investments in the UCITS described in the context of an R-Planinvest should only be made following an analysis (with the assistance of an adviser if necessary) of information on the applicable legal, regulatory and tax consequences, particularly in order to determine whether an investment is compatible with your personal resources, and you should refer to the R-Planinvest contract and to the sales prospectuses and/or rules, KIID (‘Key Investor Information Document’) and annual or six-monthly reports concerning the UCITS, which can be obtained from Banque Raiffeisen s.c, 4 Rue Léon Laval, L-3372 Leudelange. Only the documents issued by issuers concerning the various UCITS contain official information and data. Nonetheless, no investment decision should be taken solely on the basis of these documents, and we will not accept any liability for any loss suffered due to investment decisions taken by you on the basis of these documents. You should only invest if you are clearly aware of the risks inherent in the relevant product and are financially able to bear any loss liable to arise.

 Simulations are provided for information only and the prices of the UCITS may increase or decrease. Positive performance of a UCITS in the past is not a guarantee or an indicator of future returns. The selection of UCITS may be modified or removed at any time, without notice or prior information. Information, simulations and prices are taken from sources deemed to be reliable. However, Banque Raiffeisen s.c. gives no warranty as to the quality, accuracy, relevance or exhaustiveness thereof. As a result, Banque Raiffeisen s.c. will not be liable for any consequences that may arise due to inaccurate information, simulations and prices, save in the event of fraud or gross negligence. Furthermore, Banque Raiffeisen s.c. will not be liable for any loss or damage (whether direct, indirect or consequential) caused by the circulation of this document or its content, particularly for any loss that arises due to the risks inherent in financial markets. The opinions expressed are those of Banque Raiffeisen s.c. at the time the document was drafted and may change at any time, without any information being issued to this effect.

 This document must not be reproduced or published, in full or in part, without the prior written consent of Banque Raiffeisen s.c. It is governed by the laws of Luxembourg and exclusive jurisdiction is granted to the courts in the Grand-Duchy of Luxembourg.