Under the Euro Medium Term Note Programme ... - Finance - EDF
Under the Euro Medium Term Note Programme ... - Finance - EDF
Under the Euro Medium Term Note Programme ... - Finance - EDF
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Summary<br />
contingencies which may or may not occur, potential investors<br />
should be aware that <strong>the</strong> risks involved with investing in <strong>the</strong> <strong>Note</strong>s<br />
may lead to a volatility and/or decrease in <strong>the</strong> market value of <strong>the</strong><br />
relevant Tranche whereby <strong>the</strong> market value falls short of <strong>the</strong><br />
expectations (financial or o<strong>the</strong>rwise) of an investor upon making an<br />
investment in such <strong>Note</strong>s.<br />
However, each prospective investor of <strong>Note</strong>s must determine, based<br />
on its own independent review and such professional advice as it<br />
deems appropriate under <strong>the</strong> circumstances, that its acquisition of<br />
<strong>the</strong> <strong>Note</strong>s is fully consistent with its financial needs, objectives and<br />
condition, complies and is fully consistent with all investment<br />
policies, guidelines and restrictions applicable to it and is a fit,<br />
proper and suitable investment for it, notwithstanding <strong>the</strong> clear and<br />
substantial risks inherent in investing in or holding <strong>the</strong> <strong>Note</strong>s.<br />
These risks include:<br />
<br />
<br />
risk relating to potential conflicts of interest between <strong>the</strong><br />
Issuer, <strong>the</strong> Dealers, <strong>the</strong>ir respective affiliates and <strong>the</strong><br />
Holders of <strong>the</strong> <strong>Note</strong>s<br />
risks related to legality of purchase<br />
The acquisition of <strong>the</strong> <strong>Note</strong>s may be restricted by <strong>the</strong> laws of<br />
<strong>the</strong> jurisdiction of <strong>the</strong> Holder of <strong>the</strong> <strong>Note</strong>s, and may be subject<br />
to regulation by local authorities.<br />
risk of modification, waivers or substitutions, of <strong>the</strong><br />
conditions of <strong>the</strong> <strong>Note</strong>s by a General Meeting of Holders of<br />
<strong>the</strong> <strong>Note</strong>s binding all Holders of <strong>the</strong> <strong>Note</strong>s including those<br />
who did not attend or who voted in a manner contrary to <strong>the</strong><br />
majority<br />
<br />
risks related to taxation<br />
Potential purchasers and sellers of <strong>the</strong> <strong>Note</strong>s should be aware<br />
that <strong>the</strong>y may be required to pay taxes or o<strong>the</strong>r charges or<br />
duties in accordance with <strong>the</strong> law and practices of <strong>the</strong> country<br />
where <strong>the</strong> <strong>Note</strong>s are transferred or where any o<strong>the</strong>r action is<br />
taken in relation to <strong>the</strong> <strong>Note</strong>s.<br />
<br />
risks related to <strong>the</strong> EU Savings Directive<br />
Directive 2003/48/EC relating to <strong>the</strong> taxation of savings income<br />
provides that during a transitional period, certain Member<br />
States will withhold an amount on interest payments in respect<br />
of <strong>the</strong> taxation of that income.<br />
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