Please read these Terms and Conditions carefully before using this website. DWS Investments Distributors, Inc. reserves the right to modify or amend these Terms and Conditions at any time and without notice. It is recommended that you review the information provided on or via this website, including the following Terms and Conditions, periodically for changes.
General
This website (the "Website") is established and operated by DWS Investments Distributors, Inc. ("DWS Investments"), a SEC-registered broker-dealer. DWS Investments is part of Deutsche Asset Management ("DeAM"), which represents the U.S. asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc., and DWS Trust Company. DWS Investments is located at 345 Park Avenue, New York, New York 10154.
By accessing this Website and/or using the information provided on or via this Website and clicking the "I AGREE" button, you agree to accept and be bound by these Terms and Conditions, on your own behalf and on behalf of any party on whose behalf you are acting. Access to this Website or the retrieval of any information set out on this Website by a user does not mean that the user becomes a client of DWS Investments.
Certain areas of the Website may only be viewable with a password or access code. You are solely responsible for the use and proper protection of your passwords, and you shall take precautions to prevent their unauthorized use. If you become aware that a password has been lost or stolen or of any unauthorized use or access, please contact your DWS Investments representative immediately. DWS Investments and its affiliates shall not be liable for the unauthorized use of a password prior to our receipt of notice regarding the unauthorized use of a password.
Use of the Website
Unauthorized use of the Website and systems, including, but not limited to, unauthorized entry into the systems of DeAM, misuse of passwords or of any other information, is strictly prohibited. You may not use this Website in any manner that could damage, disable, overburden, or impair any DeAM website or service or interfere with any other party's use and enjoyment of any DeAM website or service. You may not attempt to gain unauthorized access to any DeAM website or service, computer systems, or networks connected to any DeAM website or service, through hacking, password mining, or any other means. You agree that you will not engage in any activities related to this Website that are contrary to applicable laws or regulations.
The Website and Hyperlinks
This Website comprises various pages operated by DWS Investments. Certain sections of, or pages on, this Website may contain, or be subject to, separate terms and conditions, which are in addition to these Terms and Conditions. You should read those additional terms and conditions carefully. By accessing such sections or pages, you agree to be bound by those additional terms and conditions. In the event of a conflict, those additional terms and conditions will govern for your use of those sections or pages.
This Website may contain hypertext links to, and be linked from, affiliated websites. These links are provided only as a convenience and are not meant to suggest or imply in any way that any information contained on an affiliated website should be attributed in any way to the products described, or information contained in, this Website. When the user clicks on such a link, he or she leaves this Website. The inclusion of any link is not, and does not imply, an endorsement, approval, investigation, verification, or monitoring of any information contained in any affiliated website. In no event shall we be responsible for your use of, or inability to use, such affiliated site. You should also be aware that the terms and conditions of such affiliated site and the affiliated site's privacy policy may be different from those applicable to your use of this Website.
This Website may contain hypertext links to, and be linked from, third-party websites. These links are provided only as a convenience. When the user clicks on such a link, he or she leaves this Website. The inclusion of any link is not, and does not imply, an affiliation, sponsorship, endorsement, approval, investigation, verification, or monitoring by DWS Investments of any information contained in any third-party website. In no event shall we be responsible for the information contained on that site or your use of, or inability to use, such site. You should also be aware that the terms and conditions of such site and the site's privacy policy may be different from those applicable to your use of this Website.
No Warranties for Contents; Limitation on Liability
Although best efforts have been used to ensure that the information set out on this Website is reliable, no warranty is made as to its accuracy, completeness, and adequacy. Any opinions expressed reflect the current view of DWS Investments, which may change without notice.
The information and materials on this Website may contain typographical errors or inaccuracies. DWS Investments reserves the right, in its sole discretion, without any obligation and without any notice requirement, to change, improve, or correct the information, materials, and descriptions on this Website and to suspend and/or deny access to this Website for scheduled or unscheduled maintenance, upgrades, improvements, or corrections. Any dated information is published as of its date only, and DWS Investments does not undertake any obligation or responsibility to update or amend any such information. DWS Investments may discontinue or change any product or service described in, or offered on, this Website at any time.
BECAUSE OF THE POSSIBILITY OF HUMAN AND MECHANICAL ERROR AS WELL AS OTHER FACTORS, THIS WEBSITE (INCLUDING ALL INFORMATION AND MATERIALS CONTAINED ON THIS WEBSITE) IS PROVIDED "AS IS" "AS AVAILABLE." DWS INVESTMENTS, DeAM, AND THIRD PARTY DATA PROVIDERS ARE NOT PROVIDING ANY WARRANTIES AND REPRESENTATIONS REGARDING THIS WEBSITE. DWS INVESTMENTS, DeAM, AND THIRD PARTY DATA PROVIDERS DISCLAIM ALL WARRANTIES AND REPRESENTATIONS OF ANY KIND WITH REGARD TO THIS WEBSITE, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, FREEDOM FROM VIRUSES OR OTHER HARMFUL CODE, OR FITNESS FOR A PARTICULAR PURPOSE. DWS INVESTMENTS, DeAM, AND THIRD PARTY DATA PROVIDERS DO NOT WARRANT THE ACCURACY, ADEQUACY, OR COMPLETENESS OF THE INFORMATION AND MATERIALS CONTAINED ON THIS WEBSITE AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE MATERIALS AND INFORMATION.
FURTHERMORE, BY USING THE WEBSITE, YOU AGREE THAT DWS INVESTMENTS, DeAM, AND THEIR AFFILIATES WILL NOT BE LIABLE FOR ANY DELAY, DIFFICULTY IN USE, COMPUTER VIRUSES, MALICIOUS CODE, OR OTHER DEFECT IN THIS WEBSITE, ANY INCOMPATIBILITY BETWEEN THIS WEBSITE AND THE USER'S FILES AND THE USER'S BROWSER OR OTHER SITE ACCESSING PROGRAM, OR ANY OTHER PROBLEMS EXPERIENCED BY THE USER DUE TO CAUSES BEYOND DWS INVESTMENTS’S AND ITS AFFILIATES' CONTROL.
NO LICENSE TO THE USER IS IMPLIED IN THESE DISCLAIMERS. NOTHING HEREIN SHALL BE CONSTRUED AS LIMITING OR REDUCING DWS INVESTMENTS’S RESPONSIBILITIES AND OBLIGATIONS TO CLIENTS IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATIONS.
UNDER NO CIRCUMSTANCES WILL DWS INVESTMENTS OR DeAM BE LIABLE FOR ANY LOST PROFITS, LOST OPPORTUNITY OR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES ARISING OUT OF ANY USE OF OR INABILITY TO USE THE WEBSITE OR ANY PORTION THEREOF, REGARDLESS OF WHETHER DWS INVESTMENTS OR DeAM HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING AND REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR OTHERWISE. The foregoing limitations of liability are also made for the benefit of the Directors, employees, agents, and representatives of DWS Investments and its affiliates.
Privacy; Use of Information
DWS Investments respects your privacy. Any personal data collected when visiting the Website is processed according to applicable law.
You acknowledge that DWS Investments may disclose and transfer any information that you provide through this Website (i) to any company within DeAM, its affiliates, agents, or information providers; (ii) to any other person or entity with your consent; or (iii) if we have a right or duty to disclose, or are permitted or compelled to so disclose, such information by law. You consent to the transmission, transfer, or processing of such information to, or through, any country in the world, as we deem necessary or appropriate (including to countries outside the U.S.), and by using and providing information through this Website, you agree to such transfers. Any information about you that we provide through this Website to third parties will comply with applicable law, including Regulation (S-P).
Use of this Website may be monitored, tracked, and recorded. Anyone using this Website expressly consents to any such monitoring, tracking, and recording.
To view our Privacy Policy, click on the word "Privacy" as it appears on the Website.
Safety of Communication
Communications over the Internet and by e-mail cannot be guaranteed to be secure. There is a risk that information contained in any communication over the Internet, including links selected, selections made and text inserted in fields of pages on the Website, including potentially confidential information, may be intercepted, lost, destroyed, or delayed in transmission. Although DWS Investments will use reasonable efforts to minimize such risk, it does not warrant that any communication or e-mail or any attachments thereto that is sent out will be free from viruses, worms, or other harmful components.
Messages that you send to DWS Investments by e-mail may not be secure. DWS Investments recommends that you do not send any confidential information to DWS Investments by e-mail. If you choose to send any messages to DWS Investments via e-mail, you accept the risk that they may be intercepted, misused, and modified by a third party.
Potential Disruption of Service
Access to the Website may, from time to time, be unavailable, delayed, limited, or slowed due to, among other things:
- hardware failure, including, among other things, failures of computers (including your own computer), servers, networks, telecommunication lines and connections and other electronic and mechanical equipment;
- software failure, including, among other things, bugs, errors, viruses, configuration problems, incompatibility of systems, utilities or applications, the operation of firewalls or screening programs, unreadable codes, or irregularities within particular documents or other content;
- overload of system capacities;
- damage caused by severe weather, earthquakes, wars, insurrection, riots, civil commotion, act of God, accident, fire, water damage, explosion, mechanical breakdown, or natural disasters;
- interruption (whether partial or total) of power supplies or other utility of service;
- strike or other stoppage (whether partial or total) of labor;
- governmental or regulatory restrictions, exchange rulings, court or tribunal orders, or other human intervention; or
- any other cause (whether similar or dissimilar to any of the foregoing) whatsoever beyond the control of DWS Investments.
If access to this Website is unavailable, delayed or limited, or if this Website does not operate quickly and efficiently, you may be unable to access information from, or provide information to, the Website, or such information provided may not be promptly received or acted upon or you may be unable to retrieve information on a timely basis. If your operations are dependent on such communications with DWS Investments, and such communications are disrupted or delayed, you may suffer losses.
Intellectual Property
All right, title and interest in this Website and any content contained herein is the exclusive property of DWS Investments, except as otherwise stated. Unless otherwise specified, this Website is for your personal and non-commercial use only. Without DWS Investments’s prior written approval, you may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, frame, create derivative works from, transfer, or otherwise use, in whole or in part, any information, software, products, or services obtained from this Website, except for the purposes expressly provided herein. If you download any information or software from this Website, you agree that you will not remove or obscure any copyright or other notices or legends contained in any such information. Links to this or any other DWS Investments websites are not permitted without the prior written consent of DWS Investments.
DWS Investments, DeAM, the DWS Investments logo, and other DeAM trademarks and service marks referenced herein are trademarks and service marks of DeAM. The names of other actual companies and third-party products or services mentioned herein may be the trademarks or service marks of their respective owners. You are prohibited from using any marks for any purpose, including, but not limited to, use as "metatags" on other pages or sites on the World Wide Web without the written permission of DWS Investments or such third party that may own the marks.
Access and Selling Restrictions
Products that may be described on this Website are not eligible for sale in all countries and, in any event, may only be sold to qualified investors. Access to products and services displayed on this Website and linked websites hereafter may be restricted to certain persons or in some countries. Securities shown on these websites shall not be offered or sold to any persons to whom such offer or sale is prohibited by the law in their country of origin or in any other relevant country. Country-specific sites linked to or from the Website may only be accessed by users who are permanently resident in the relevant country and legally permitted to log on to the relevant pages. By selecting a link on the Website to pages intended for users of a particular country, a user will be deemed to affirm that he or she is a resident of that country.
DWS Investments specifically assumes no responsibility whatsoever for the distribution of content of web pages to individuals or entities that provide false information regarding their country of legal residence. The distribution of material on this Website may be restricted by the laws and regulations of the country from which you are accessing this site. Where such restrictions exist, this information is not intended for distribution to, or use by, any person or entity in any such jurisdiction, and persons accessing these pages are required to inform themselves about and to observe any such restrictions. Such investors will not be able to purchase the securities described.
Offering circulars, prospectuses, or similar documents that may be contained on, or linked to from, the Website in connection with a particular product may contain information as to the selling restrictions applicable to any particular product, and the user should read them carefully.
Decisiveness of Offering Circular or Prospectus
This Website has been designed for informational purposes only. Offers and sales of securities or instruments that may be described herein may only be made pursuant to the related offering document, which should be read carefully. This Website may contain offering documents relating to offerings of various products. Before making an investment decision, you are urged to refer to those offering documents for more complete information about any such offering. In the event of any inconsistency between any material contained in this Website and the terms of the relevant offering document, the terms of the offering document control.
An offering circular or prospectus referring to a specific product may be available on the Website in certain cases. In such cases, such offering circular or prospectus will constitute the definitive description of the product. Users should carefully read the information contained therein before making any investment decision.
No Offer to Purchase
Nothing contained on this Website should be considered as an offer to purchase any of the securities or other products that may be described on this Website. Any pricing levels and valuations published on the Website are indicative, and they, and other information displayed thereon, are for informational purposes only. In addition, any prices listed on this Website (including those of listed securities on any U.S. securities exchange or quotation system) might lag actual market prices. Prices should therefore be used as a general guide only and should not be understood as a guarantee by DWS Investments of the accuracy or currency of such prices or of the realizable value of the related securities.
No Investment Advice
Information made available on this Website should not be considered as investment advice or any form of recommendation to purchase products described therein.
Suitability
Structured products may not be suitable or appropriate for all investors. Your particular needs, investment objectives, and financial situation were not taken into account in the preparation of this Website and the materials contained herein. You must make your own independent decisions regarding any securities or financial instruments mentioned herein. You should consider whether an investment strategy or the purchase or sale of any product is appropriate for you in the light of your particular investment needs, objectives, and financial circumstances. Investors should carefully review any risk considerations appearing on this Website and in any relevant offering documents.
Prior to the execution of any transaction by you involving information you received from this Website, you should consult your business advisor, attorney, and tax and accounting advisors with respect to the price, suitability, value or other aspects of any security or other investment. Pricing and other information generated through the use of data or services made available herein may not reflect actual prices or values that would be available in the market at the time provided or at the time that the user may want to purchase or sell a particular security or other instrument.
Many structured products are intended to be "buy and hold" investments and are not liquid instruments. Investment value prior to maturity will be influenced by many factors, including interest rates, implied volatility, and the time remaining to maturity. Investors may lose some or all of their investment in connection with some of these instruments. Changes in interest rates, exchange rates and the equity prices and credit quality of issuers and underlying issuers of products may have an adverse effect on the value of, and income from, such products. The value of products and their income can go down as well as up and could rise or fall dramatically. Investors may not get back the full amount invested.
Illiquid investments, such as private investments, may not be suitable for all investors, may not be transferable, and typically will not be listed or traded on any exchange. Hence, it may be difficult to realize the investment prior to maturity. It might be difficult to obtain reliable information about the market value of such investments or the extent of the risks to which they are exposed, including the risk of total loss of capital.
The information and services provided on this Website are not provided to, and may not be used by, any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules, or regulations of any governmental authority or regulatory or self-regulatory organization or clearing organization or where DWS Investments is not authorized to provide such information or services. Some products and services described in this Website may not be available in all jurisdictions or to all clients.
Historical Performance
Past performance information contained on this Website is not indicative of future results. No projection, representation, or warranty is made regarding future performance. Any results shown do not reflect the impact of commission and/or fees, unless so stated.
Hypothetical Results
The Website and its contents may contain results that are hypothetical. Hypothetical results are based on a number of working assumptions that may not be capable of duplication in actual trading or transactions. Hypothetical performance results have certain inherent limitations. Unlike an actual performance record, hypothetical returns do not represent actual trading or transactions. Also, since the trades and transactions have not actually been executed, the results may have over or under-compensated for the impact, if any, of certain market factors, such as liquidity constraints, fee schedules, and transaction costs. Hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that future performance will or is likely to achieve profits or losses similar to those shown.
Taxation
Any information relating to taxation is based on information currently available. The levels and bases of, and relief from, taxation can change, and the benefits of products where discussed may cease to exist. This material is not intended to provide, and should not be relied on for, accounting, legal, or tax advice or investment recommendations. As DWS Investments does not provide tax advice, we recommend you consult your tax or legal advisor about your personal tax position.
Use of Leverage
Use of leverage can carry a high degree of risk. A comparatively small movement in the value of investments can lead to a large change in the value of your portfolio. This can work against you as well as for you.
Derivatives
Structured securities are complex instruments, typically involve a high degree of risk and are intended for sale only to sophisticated investors who are capable of understanding and assuming the risks involved. The market value of any structured security may be affected by changes in economic, financial, and political factors (including, but not limited to, spot and forward interest and exchange rates), time to maturity, market conditions, and volatility and the equity prices and credit quality of any issuer or reference issuer. Any investor interested in purchasing a structured product should conduct his or her own investigation and analysis of the product and consult with his or her own professional advisers as to the risks involved in making such a purchase.
Trading in options involves risk and is not suitable for all investors. Prior to buying or selling an option, investors should familiarize themselves with the attendant risks.
Products that may be shown on the Website, including any financial futures and options, are not appropriate for all investors. Their relative merits should be carefully weighed.
Governing Law; Jurisdiction; Severability
These Terms and Conditions are exclusively governed by, and shall be construed in accordance with, New York law, excluding its conflicts of law rules.
You expressly agree that the exclusive jurisdiction for any claim or action arising out of, or relating to, these Terms and Conditions or your use of this Website shall be the state or federal courts located in the State of New York. You further agree and submit to the exercise of personal jurisdiction of such courts for the purpose of litigating any such claim or action.
If, at any time, any provision (or part of any provision) of these Terms and Conditions is, or becomes, illegal, invalid, or unenforceable in any respect under the law of any jurisdiction, that shall not affect the legality, validity, or enforceability in that or any other jurisdiction of any other provision (or any other part of this provision) of these terms.
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