SELECTED RISKS & CONSIDERATIONS ASSOCIATED WITH INDEX

• The methodologies underlying the Indices may not be successful — No assurance can be given that the Indices will achieve their goals.
Numerous factors (including, but not limited to, changes in: interest rates, investor expectations, economic results, regulations, liquidity) may affect the components of the Indices and the performance of the Indices.
• The Indices involve synthetic execution and may not reflect actual market activity.
• The Indices involve synthetic execution and may not reflect actual market activity.
• The Indices may contain embedded fees, which will reduce performance.
• The methodology and rules related to each Index is subject to change.
• The Indices have limited historical information and publicly available information on the Indices is limited.
• Certain Indices incorporate a volatility control mechanism that may limit returns.
• Indices that include rebalancing may result in concentration risk and/or be partially or completely uninvested and earn no return.
• Indices that use leverage will have increased exposure to the index components.

These risk considerations may not be exhaustive. Any potential user of the BNP Paribas Indices should consult with financial and other advisors as it deems appropriate.

Selected Risk Considerations related to the Hypothetical Performance:

• Future performance of the strategies may be worse than past and hypothetical historical results. Certain levels are simulated and must be considered hypothetical and illustrative only. The actual performance of the strategies may bear little relation to the hypothetical historical results.
• Hypothetical past performance is based on criteria applied retroactively with the benefit of hindsight and knowledge of factors that may have positively affected its performance, and cannot account for all financial risk that may affect the actual performance of the strategies.
• ​​​​​​​Hypothetical past performance might not reflect all possible market conditions. The strategies might behave differently under other market conditions.

Little information is available publicly about the Indices; additional information regarding the methodology and rules related to the strategies is available upon request.

The information provided on this website should not be construed as legal, financial, tax, accounting or other advice.

BNP Paribas shall have no liability for any loss arising from or related to any use of the BNP Paribas Indices.​​​​​​​

The information and opinions contained in this document have been obtained from public sources believed to be reliable, but no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. This document does not constitute a prospectus or other offering document or an offer or solicitation to buy any securities or other investment. No BNP Paribas Group Company accepts any liability whatsoever for any direct or consequential loss arising from any use of material contained in this document. All estimates and opinions included in this document constitute our judgements as of the date of this document. BNP Paribas does not guarantee the accuracy or completeness of this analysis or the calculation methods, any errors or omissions in computing or disseminating this analysis, and for any use you make of it. The analysis has been prepared in good faith by BNP Paribas in accordance with BNP Paribas’ own internal models and calculation methods and is for your information only. Analysis based on different models or assumptions may yield different results. Numerous factors may affect the analysis, which may or may not be taken into account. Therefore, this analysis may vary signifficantly from analysis obtained from other sources or market participants. This document contains Index performance data based on back-testing, i.e., calculations of the performance of the Index prior to launch if it had existed, using the same current Index methodology and based on the initial constituents of the Index. Back-testing performance information is purely hypothetical, is provided in this document solely for informational purposes, does not represent actual performance and should not be interpreted as an indication of actual or future performance. The characteristics and risks associated to products based on indices are available in product related documentation.

BNP Paribas World Futures RC8 Index (the “Index”) is the exclusive property of BNP Paribas (the “Index Sponsor”). BNP Paribas Financial Markets SNC (the “Calculation Agent”) and the Index Sponsor do not guarantee the accuracy and/or completeness of the composition, calculation, publication and adjustment of the Index, any data included therein, or any data from which it is based, and the Calculation Agent and the Index Sponsor shall have no liability for any errors, omissions, or interruptions therein. The Calculation Agent and the Index Sponsor make no warranty, express or implied, as to results to be obtained from the use of the Index. The Calculation Agent and the Index Sponsor make no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the Calculation Agent and the Index Sponsor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.