What Are Some of the Risks of Wide Moat ELEMENTS?
An investment in Wide Moat ELEMENTS involves risks. Some of these risks are summarized here, but you are urged to read the further and more detailed explanation of risks in “Risk Factors” in the pricing supplement. No Principal Protection – If the level of the Wide Moat Focus Index decreases, or does not increase by an amount greater than the aggregate investor fee applicable to your Wide Moat ELEMENTS, you will receive less than your original investment in Wide Moat ELEMENTS upon repurchase or at maturity. Underlying Index and Market Risk – The return on Wide Moat ELEMENTS is linked to the performance of the Wide Moat Focus Index which, in turn, is linked to the prices of the Wide Moat Focus Index components. Prices may change unpredictably, affecting the level of the Wide Moat Focus Index components and, consequently, the value of your Wide Moat ELEMENTS in unforeseeable ways. The Wide Moat Focus Index publisher may suspend or discontinue the calculation or publication of the Wide Mo
