ࡱ > $ + ~ * ) ( ' & % #` bjbj 8 p Hf Hf Hf Hf f \ 2 Tn jn jn jn jn jn . n n $ h 5 Q o jn jn o o jn jn U ~ ~ ~ o B jn jn ~ o ~ ~ 2 r jn Hn `cBL_ Hf s B . \# k 0 p u \ \ r r n " n ~ n o n n n ~ n n n o o o o D D 1 : # ! 2 2 >B 2 2 O=20@O 2 0 0 8 3.
E M B E D W o r d . P i c t u r e . 8
#" +
@5H5=852>3> :>B>:>; >B 2 2 O=20@O 2 0 0 8 3.
+ !"
A 0 1 . 0 2 . 2 0 0 8 3.
@8:07>B 2 2 O=20@O 2 0 0 8 3.
" $+
:>==>3> 2>7=03@0645=8O
4;O D878G5A:8E ;8F
3. >A:20, 2 0 0 8 3.
1 . ?5@0F8>==>- :0AA>2>5 >1A;C6820=85 2 20;NB5 $
N #A;C38 0=:0 "0@8D @82A:8E AG5B>2 2 20;NB5 $ 1 . 1 B:@KB85 10=:>2A:>3> AG5B0 2 @C1;OE $ :><8AA8O =5 2782A:>3> AG5B0 2 @C1;OE $
:><8AA8O =5
278<05BAO
2 @07AB0B:0
A@54AB2 =0 AG5B5, =>
=5 1>;55 3 0 0 @C1. ?@8 =0;8G88 >1>@>B>2 ?> AG5BC 2 B5G5=85 @0AG5B=>3> ?5@8>40 ( 1 3>4)
278A;54=89 @01>G89 45=L :064>3> 3>40 ?@8 >BACBAB288 >1>@>B>2 2 B5G5=85 @0AG5B=>3> ?5@8>40 ( 1 3>4) . @8 =C;52>AB0B:5 =0 AG5B5 =5 278AB@0=O5BAO =0 ;85=B>2, >1A;C6820NI8EAO ?> ?@>3@0<F5=B>2 =0 >AB0B:8 =0 AG5B5 2 A>>B25BAB288 A B8?>2K28O2A:89 AG5B ;85=B0, ?>ABC?82H8E 2 157=0;8G=>@O4:5 :><8AA8O =5 2784 A@54AB2 ?> ?>@CG5=8N ;85=B0 A> AG5B0 2 " " ( 40;55 " 0=:" ) =0 4@C3>9 AG5B 2 0=:5 :><8AA8O =5 2784 A@54AB2 A> AG5B0 ;85=B0 2 " " =0 AG5B0 2 4@C38E 10=:0E 0 , 1 % >B AC<4 2 $# :><8AA8O =5 2784K 157 >B:@KB8O AG5B0 0 , 5 % >B AC<;CG5=85 ?5@52>4>2 157 >B:@KB8O AG5B0 1 0 % >B AC<<K 1 . 9 7?>;=5=85 @5:2878B>2 ?;0B56=KE 8=AB@C:F89 ( :@><5 AC<20=85 ?5@52>4>2 1 0 0 @C1. 1 . 1 0 0AA;54>20=8O ?> ?5@52>407KA: AC<4B25@645=85 70G8A;5=8O A@54AB2 =0 AG5B ?>;CG0B5;O 8 B. ?. ) ?> ?8ALAC ;85=B0 5 0 @C1. 1 . 1 1 K40G0 2K?8A>: ?> AG5BC ;85=B0 2 0=:5 :><8AA8O =5 2782A:>3> AG5B0 2 @C1;OE $ :><8AA8O =5 2782K5 >?5@0F88 2 20;NB5 $ 1 . 1 3 0G8A;5=85 A@54AB2 =0 AG5B ;85=B0 :><8AA8O =5 278<05BAO 1 . 1 4 5@5AG5B :@C?=KE AC<A;54CNI53> 70G8A;5=8O =0 AG5B ;85=B0 :C?N@K => 5 0 0 @C1. 0 , 5 % >B AC<B 5 0 0 @C1. 0 , 1 % >B AC<G=K9 ?5@5AG5B ( 2 B5G5=88 1 G0A0) :C?N@K => 5 0 0 @C1. 1 % >B AC<B 5 0 0 @C1. 0 , 5 % >B AC<25@:0 :C?N@ =0 ?>4;8==>ABL :0AA8@>;L7>20=85B AC<2A:>3> AG5B0 ;85=B0 ( 40;55 !G5B ) , 5A;8 A@54AB20 ?>ABC?8;8:
0) =0;8G=K< ?CB59 87 AG5B>2 ;85=B0 2 0=:5;
1) ?> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0, 5A;8 AC<48BAO =0 AG5B5 ;85=B0 =5 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 @57C;LB0B5 2K?;0BK 0=:>F5=B>2;
3) ?> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 @57C;LB0B5 2>72@0B0 AC<<K 2:;040, 5A;8 AC<48BAO 2> 2:;045 :;85=B0 =5 ABC?8;8 =0 AG5B :;85=B0 A :0@B>G=KE AG5B>2 ( ?@8 70:@KB88 :0@B>G=>3> AG5B0)
4) ?> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 @57C;LB0B5 2K40G8 0=:> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 @57C;LB0B5 >:070=8O 0=:>:5@A:8E CA;C3;
6) ?> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 :0G5AB25 ?5@5G8A;5=8O 70@01>B=>9 ?;0BK, 482845=4>2, 0;82, 4@C38E 284>2 2>7=03@0645=89, =0;>3>2KE 2K?;0B 8 AB@0E>2KE 2>72 P r i v a t e B a n k i n g * * :><8AA8O =5 278?@545;5=88 B0@8D0 2 ?5@2CN >G5@54L 2K40NBAO A@54AB20, ?>ABC?82H85 2 1>;55 ?>74=NN 40BC ( B. 5. 2 ?>@O4:5 @53@5AA0)
* * !?8A>: :;85=B>2 P r i v a t e B a n k i n g CB25@6405BAO @02;5=85 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 ?> 8=KA=>20=8OAB02;5=8O 4>:C2, ?>4B25@640NI8E 8AB>G=8: ?>ABC?82H8E A@54AB2 8 F5;52>5 @0AE>4>20=85 A@54AB2;
A;CG05 =5?@54>AB02;5=8O 4>:C2, ?>4B25@640NI8E 8AB>G=8: ?>ABC?82H8E A@54AB2 8 F5;52>5 @0AE>4>20=85 A@54AB2* * * .
1 % >B AC<B AC<72@0B :>ACI5AB2;O5BAO ?@8 CA;>288 ?@54>AB02;5=8O ?>4B25@640NI8E 4>:C2 2 B5G5=85 1 4 :0;5=40@=KE 4=59 A> 4=O 2K40G8 45=56=KE A@54AB2 1 . 1 7 K40G0 45=56=KE A@54AB2 2 20;NB5 $ 2 0=:0 A 8A?>;L7>20=85 :>B>@K< =5 O2;O5BAO MB AC<<K 2K4020525@H5=8O @0AE>4=>9 >?5@0F88 =0 AC<9 20;NB5, 45=56=K5 A@54AB20 70:07K20NBAO 2 :0AA5 4> 1 4 : 0 0 B5:CI53> 4=O, 2 A;CG05 A=OB8O =0 A;54CNI89 @01>G89 45=L, 8 ?>A;5 1 4 : 0 0 , 2 A;CG05 A=OB8O G5@57 >48= @01>G89 45=L
2 . ?5@0F8>==>- :0AA>2>5 >1A;C6820=85 2 8=>AB@0==>9 20;NB5
N #A;C38 0=:0 "0@8D @82A:8E AG5B>2 2 8=>AB@0==KE 20;NB0E 2 . 1 B:@KB85 AG5B0 2 8=>AB@0==>9 20;NB5 :><8AA8O =5 2782A:>3> AG5B0 2 8=>AB@0==>9 20;NB5
:><8AA8O =5 278<05BAO
2 @07AB0B:0 A@54AB2
=0 AG5B5, => =5 1>;55
3 0 0 @C1;59 ?@8 =0;8G88 >1>@>B>2 ?> AG5BC 2 B5G5=85 @0AG5B=>3> ?5@8>40 ( 1 3>4)
278A;54=89 @01>G89 45=L :064>3> 3>40 ?@8 >BACBAB288 >1>@>B>2 2 B5G5=85 @0AG5B=>3> ?5@8>40 ( 1 3>4) . @8 =C;52>AB0B:5 =0 AG5B5 =5 278AB@0=O5BAO =0 ;85=B>2, >1A;C6820NI8EAO ?> ?@>3@0<F5=B>2 =0 >AB0B:8 A@54AB2 =0 AG5B5 2 A>>B25BAB288 A B8?>2K28O2A:89 AG5B ;85=B0, ?>ABC?82H8E 2 157=0;8G=>@O4:5 :><8AA8O =5 2784 A@54AB2 ?> ?>@CG5=8N ;85=B0 A> AG5B0 2 " " =0 4@C3>9 AG5B 2 0=:5 :><8AA8O =5 2784 A@54AB2 A> AG5B0 ;85=B0 2 " " =0 AG5B0 2 4@C38E 10=:0E: - 2@> 4 0 E U R * * ;NA :>2 - 2 >;;0@0E !( 4 0 U S D * * ;NA :>2 - 2 8=KE 20;NB0E 4 0 U S D * * ;NA :>2 2 . 7 5@52>4K 157 >B:@KB8O AG5B0 - 2@> 1 % >B AC<;;0@0E !( 8 8=KE 20;NB0E 1 % >B AC<;CG5=85 ?5@52>4>2 157 >B:@KB8O AG5B0 1 0 % >B AC<AB02;5=85 ;85=BC :>?88 4>:C@@5A?>=45=BA:>3> AG5B0, >D>@3> 0=:>A=>20=88 ?@8=OB>3> >B ;85=B0 70O2;5=8O =0 ?5@52>4 ?> ?8AL9 70O2:5 ;85=B0 1 0 U S D 2 . 1 0 7?>;=5=85 @5:2878B>2 ?;0B56=KE 8=AB@C:F89 ( :@><5 AC<20=85 8 2>72@0B ?5@52>4>2 5 0 U S D 2 . 1 1 0AA;54>20=8O ?> ?5@52>407KA: AC<4B25@645=85 70G8A;5=8O =0 AG5B ?>;CG0B5;O, 4>?>;=8B5;L=0O 8=D>@ C45@60==K<8AA8O ?8ALAC ;85=B0 ?> >?5@0F8O: ?> AG5BC 2 0=:5 A ?@8;>65=854B25@640NI8E 4>:C2 :><8AA8O =5 2782A:>3> AG5B0 ;85=B0 :><8AA8O =5 2782K5 >?5@0F88 2 8=>AB@0==>9 20;NB5 2 . 1 4 0G8A;5=85 =0;8G=KE 45=56=KE A@54AB2 =0 AG5B ;85=B0 :><8AA8O =5 278<05BAO 2 . 1 5 5@5AG5B :@C?=KE AC<A;54CNI53> 70G8A;5=8O =0 AG5B ;85=B0 4> 1 0 0 0 0 0 $ 0 , 5 % >B AC<B AC<G=K9 ?5@5AG5B ( 2 B5G5=88 1 G0A0) 4> 1 0 0 0 0 0 $ 1 % >B AC<B AC<25@:0 :C?N@ =0 ?>4;8==>ABL :0AA8@>;L7>20=85B AC<<K 2 . 1 7 @85 8 >19 =0;8G=>9 20;NBK 5 % >B AC<2A:>3> AG5B0 ;85=B0 ( 40;55 !G5B ) , 5A;8 A@54AB20 ?>ABC?8;8:
0) =0;8G=K< ?CB59 87 AG5B>2 ;85=B0 2 0=:5;
1) ?> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0, 5A;8 AC<48BAO =0 AG5B5 ;85=B0 =5 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 @57C;LB0B5 2K?;0BK 0=:>F5=B>2;
3) ?> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 @57C;LB0B5 2>72@0B0 AC<<K 2:;040, 5A;8 AC<48BAO 2> 2:;045 :;85=B0 =5 ABC?8;8 =0 AG5B :;85=B0 A :0@B>G=KE AG5B>2 ( ?@8 70:@KB88 :0@B>G=>3> AG5B0)
4) ?> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 @57C;LB0B5 2K40G8 0=:> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 @57C;LB0B5 >:070=8O 0=:>:5@A:8E CA;C3;
6) ?> 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 2 :0G5AB25 ?5@5G8A;5=8O 70@01>B=>9 ?;0BK, 482845=4>2, 0;82, 4@C38E 284>2 2>7=03@0645=89, =0;>3>2KE 2K?;0B 8 AB@0E>2KE 2>72 P r i v a t e B a n k i n g * * :><8AA8O =5 278?@545;5=88 B0@8D0 2 ?5@2CN >G5@54L 2K40NBAO A@54AB20, ?>ABC?82H85 2 1>;55 ?>74=NN 40BC ( B. 5. 2 ?>@O4:5 @53@5AA0)
* * !?8A>: :;85=B>2 P r i v a t e B a n k i n g CB25@6405BAO @02;5=85 157=0;8G=>4C =0 ;N1>9 AG5B ;85=B0 2 0=:5 ?> 8=KA=>20=8OAB02;5=8O 4>:C2, ?>4B25@640NI8E 8AB>G=8: ?>ABC?82H8E A@54AB2 8 F5;52>5 @0AE>4>20=85 A@54AB2;
A;CG05 =5?@54>AB02;5=8O 4>:C2, ?>4B25@640NI8E 8AB>G=8: ?>ABC?82H8E A@54AB2 8 F5;52>5 @0AE>4>20=85 A@54AB2* * * .
1 % >B AC<B AC<72@0B :>ACI5AB2;O5BAO ?@8 CA;>288 ?@54>AB02;5=8O ?>4B25@640NI8E 4>:C2 2 B5G5=85 1 4 :0;5=40@=KE 4=59 A> 4=O 2K40G8 45=56=KE A@54AB2 2 . 1 9 K40G0 45=56=KE A@54AB2 2 8=>AB@0==>9 20;NB5 ( 4>;;0@K !() 2 0=:0 A 8A?>;L7>20=85 :>B>@K< =5 O2;O5BAO MB AC<<K 2K4020525@H5=8O @0AE>4=>9 >?5@0F88 =0 AC<9 20;NB5, 45=56=K5 A@54AB20 70:07K20NBAO 2 :0AA5 4> 1 4 : 0 0 B5:CI53> 4=O, 2 A;CG05 A=OB8O =0 A;54CNI89 @01>G89 45=L, 8 ?>A;5 1 4 : 0 0 , 2 A;CG05 A=OB8O G5@57 >48= @01>G89 45=L
3 . >:C?5@0F88*
N #A;C38 0=:0 "0@8D @8<5G0=85 3 . 1 @85 10=:>2A:8E ( D8=0=A>2KE) G5:>2 8=>AB@0==KE 10=:>2 2 % >B =>4>2 0=:0 70 ?5@5AK;:C 8 :>@>==8E 10=:>2 :;NG0O ! * ;O D878G5A:8E ;8F ?> 4>:C<5=B0@=K?5@0F8O<5 ?. 3 . 1 ) ?@8==>3> 2>7=03@0645=8O 4;O N@848G5A:8E ;8F 8 8=48284C0;L=KE ?@54?@8=8<0B5;59 ( @0745; 4 , 70 8A:;NG5=85 >1A;C6820=8N :;85=B>2 ( D878G5A:8E ;8F) 45@60B5;59 4=KE 10=:>2A:8E :0@B V i s a ( P l a t i n u m , G o l d , C l a s s i c , E l e c t r o n )
1I89 B0@8D*
( 20;NB0 AG5B>2 4>;;0@K !(, 52@>, @C1;8 $)
! #A;C38 0=:0 V i s a P l a t i n u m V i s a G o l d V i s a C l a s s i c V i s a E l e c t r o n 4 . 1 B:@KB85 AG5B0 8 2K?CA: :0@BK, 2 B. G =0 >G5@54=>9 A@>: * * ) :
>A=>2=>9 10=:>2A:>9 :0@BK ( 48709= )
>A=>2=>9 10=:>2A:>9 :0@BK ( 8=48284C0;L=K9 48709=)
4>?>;=8B5;L=>9 10=:>2A:>9 :0@BK ( 48709= )
4>?>;=8B5;L=>9 10=:>2A:>9 :0@BK ( 8=48284C0;L=K9 48709=)
2 2 0
-
2 2 0
-
9 0
-
7 0
-
2 5
3 5
1 5
2 5
5
-
5
- 4 . 2 !B@0E>2>5 ?>:@KB85 =5B >B 1 0 0 >B 1 0 =5B 4 . 3 -:AB@5==K9 2K?CA: :0@BK >?>;=8B5;L=> : B0@8DC.
A 48709=><
A 8=48284C0;L=K@G59 8;8 CB@0B>9 - :>40
A 48709=><
A 8=48284C0;L=K4>20=85 45=56=KE A@54AB2 A B5:CI53> :0@B>G=>3> AG5B0 A25@E >AB0B:0 3 6 % 3>4>2KE 4 . 6 >@>==8E 10=:>2 >B AC<?;0BC B>20@>2, @01>B, CA;C3* * * ) 15A?;0B=> 4 . 8 0?@>A 4>:C2, ?>4B25@640NI8E A>25@H5=85 >?5@0F89 A 8A?>;L7>20=85 70O2:5 2;045;LF0 AG5B0 1 0 70 >48= 4>:CAB0=>2;5=85 >?5@0F89 ?> 10=:>2A:>9 :0@B5 ?> 70O2;5=8N 5@60B5;O :0@BK:
1;>:8@>2:0 2 02B>@870F8>==>9 1075
1;>:8@>2:0 A ?>AB0=>2:>9 2 @538>=0;L=K9 AB>?- ;8AB
1;>:8@>2:0 A ?>AB0=>2:>9 2 4=K9 AB>?- ;8AB
15A?;0B=>
2 5
5 0 + B0@8D ?;0B56=>9 A8AB52545=85 ?@8OB89 ?> >?@>B5AB>20=8N B@0=70:F89 3 5 + B0@8D ?;0B56=>9 A8AB5<K V I S A 4 . 1 1 65 4 . 1 2 >4:;NG5=85 S M S - CA;C38, ?>4B25@640NI59 42865=88 A@54AB2 =0 :0@B>G=> B5;5:><==K< :0=0;0< A2O78 ( 278<05BAO 2 4:;NG5=8O)
2 0 * ) > >1I51A;C6820NBAO:
A>B@C4=8:8 :>@?>@0B82=KE >@30=870F89, 8 @5:><5=40F8OB@C4=8:>2 8 :;85=B>2 0=:0
* * ) ;0B0 278<05BAO 70 :064CN :0@BC, ?@8:@5?;5==CN : B5:CI5G=><C AG5BC.
* * * ) !C<?5@0F89 ?> :0@B025@H5==KE 2 @C1;OE $, 4>;;0@0E !(, 52@> ?5@5AG8BK205BAO 2 20;NBC :0@B>G=>3> AG5B0 ?> :C@AC 0=:0 ( =0 40BC >1@01>B:8 >?5@0F88) . !C<?5@0F89, A>25@H5==KE 2 8=>9 20;NB5, ?5@5AG8BK205BAO 2 20;NBC B5:CI53> :0@B>G=>3> AG5B0 ?> :C@AC, >?@545;O5>B25BAB288 A ?@028;0<8 4=>9 ?;0B56=>9 A8AB5:07K205BAO 15A?;0B=> 2 B5G5=88 A@>:0 459AB28O :0@BK
@8;;0@0E !(/ 52@>. ;O :0@B A> AG5B>AA89A:8E @C1;OE B0@8DK C:070=K 2 4>;;0@0E !(, >?;0B0 ?@>872>48BAO ?> :C@AC 0=:0 >AA88 =0 40BC ?@>2545=8O >?5@0F88.
@>4>;68B5;L=>ABL 459AB28O :064>9 >A=>2=>9 8 4>?>;=8B5;L=>9 10=:>2A:>9 :0@BK 1 3>4.
!B0BLO 4 >1;0305BAO !; ?@82545==K9 B0@8D 2:;NG05B !
5 . #A;C38 45?>78B0@8O
N #A;C38 0=:0 $8:A8@>20==K9 B0@8D #A;>285 @8 :><8AA8O =5 278<05BAO 5 . 2 =5A5=85 87 1 5 0 @C1. 2:;NG0O ! 5 . 3 65=5=BA:0O ?;0B0 70 2545=85 AG5B0 45?> :><8AA8O =5 278 :><8AA8O =5 278BG5B0 ?>A;5 A>25@H5=8O >?5@0F88 ?> AG5BC 45?> :><8AA8O =5 278 AG5B0 45?> :><8AA8O =5 2782 >BG5B0/ 2K?8A:8 1 5 0 @C1. 2:;NG0O ! 5 . 8 5@5G8A;5=85 8 2K?;0B0 482845=4>2 ?> 0:F8O<8AA8O =5 278<05BAO 5 . 9 1@5<5=5=85 F5==KE 1C1O70B5;LAB202545=85 >?5@0F88 70;>30 ( 70:;040) F5==KE 1C@CG5=85* 2:;NG0O ! 5 . 1 0 %@0=5=85 F5==KE 1C@3C5@30=87>20==>;55 3 0 0 @C1. ( 565) 2:;NG0O ! 5 . 1 0 . 2 :F88, =5B>@3C5@30=87>20==>< @K=:5: A@54=58ABL ?>@BD5;O* * - 4> $ 1 0 0 0 0 0 0 0 , 2 % 3>4>2KE =5 <5=55 9 0 0 @C1. ( 565) 2:;NG0O ! 0 2 6 > @ D H V \ ^ d h j . 0 2 6 : P V Z
2
8
J
X
h$ ha0
h> CJ$
hK CJ
hJ CJ
hfl CJ
hmL CJ
h@. CJ
h` CJ
h4CN CJ
h> CJ
h> CJ j h@. h4CN hJ hy] h` 4 f h X Z
8
:
@
&