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JPMorgan - KASE

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Pre-Issue Trades Settlement<br />

It is expected that delivery of the notes will be made against payment therefor on the issue date,<br />

which could be more than three business days following the date of pricing. Under Rule 15c6-1<br />

under the U.S. Securities Exchange Act of 1934, trades in the United States secondary market<br />

generally are required to settle within three business days (“T+3”), unless the parties to any such<br />

trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes in the United<br />

States on the date of pricing or the next succeeding business days until the issue date will be<br />

required, by virtue of the fact that the notes will initially settle beyond T+3, to specify an<br />

alternative settlement cycle at the time of any such trade to prevent a failed settlement.<br />

Settlement procedures in other countries will vary. Purchasers of notes may be affected by such<br />

local settlement practices and purchasers of notes who wish to trade notes between the date of<br />

pricing and the issue date should consult their own advisers.<br />

General<br />

No action has been or will be taken in any jurisdiction by the issuer or the guarantors that would<br />

permit a public offering of the notes, or possession or distribution of this offering memorandum,<br />

in any country or jurisdiction where action for that purpose is required. The initial purchasers<br />

have agreed that they will comply with all applicable laws and regulations in each jurisdiction in<br />

which they acquire, offer, sell or deliver notes or have in their possession or distributed this<br />

offering memorandum, in all cases at their own expense. None of the issuer or any guarantor nor<br />

the initial purchasers will have any responsibility for, and the initial purchasers have agreed that<br />

they will obtain any consent, approval or permission required by them for, the acquisition, offer,<br />

sale or delivery by them of notes under the laws and regulations in force in any jurisdiction to<br />

which they are subject or in or from which they make any acquisition, offer, sale or delivery.<br />

The notes are a new issue of securities, and there is currently no established trading market for<br />

the notes. In addition, the notes are subject to certain restrictions on resale and transfer as<br />

described under “Transfer Restrictions”. We have applied for the notes to be listed on the<br />

Luxembourg Stock Exchange and the Irish Stock Exchange and intend to maintain one such<br />

listing. In addition, we will apply to list the notes on the Kazakhstan Stock Exchange. We cannot<br />

assure you that a liquid trading market will develop for the notes, that you will be able to sell<br />

your notes at a particular time or that the prices that you receive when you sell will be favorable.<br />

You should be aware that the laws and practices of certain countries require investors to pay<br />

stamp taxes and other charges in connection with purchases of securities.<br />

In connection with this offering, J.P. Morgan Europe Limited, or any person acting for it, may<br />

over-allot or effect transactions with a view to supporting the market price of the notes at a level<br />

higher than that which might otherwise prevail. However, there may be no obligation on J.P.<br />

Morgan Europe Limited or any agent of it to do this. Such stabilizing, if commenced, may be<br />

discontinued at any time and must be brought at any time and must be brought to an end after<br />

a limited period. Overallotment involves sales in excess of the offering size, which creates a short<br />

position for J.P. Morgan Europe Limited. Stabilizing transactions involve bids to purchase the<br />

notes in the open market for the purpose of pegging, fixing or maintaining the price of the<br />

notes. Syndicate covering transactions involve purchases of the notes in the open market after<br />

the distribution has been completed in order to cover short positions. Stabilizing transactions and<br />

syndicate covering transactions may cause the price of the notes to be higher than it would<br />

otherwise be in the absence of those transactions. Such stabilizing activities will not be carried<br />

out by J.P. Morgan Europe Limited as agent for the issuer and J.P. Morgan Europe Limited will<br />

not account to the issuer for any resulting profit nor will they be liable for any loss.<br />

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