Jouer Machines A Sous Partouche Machine A Sous En Ligne Gratuit
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Jouer Machines A Sous Partouche Machine A Sous En Ligne Gratuit
SPA Structured Products Agreement and Approval Instructions: This form must be completed in full and signed by the client, advisor, and OSJ branch manager. The account must be approved by LPL’s home office before trading may commence. Account suitability information must be current and updated within the last 24 months. Advisors, please be aware that specialized training is necessary for structured products. Refer to the Resource Center for additional information on approved structured products. Please note: Purchases of principal protected structured products may be approved using this form. Accounts purchasing buffered non-principal protected notes or reverse convertible/exchangeable notes must have Level 1 Plus or higher option approval (highest level allowed for SAM, Retirement, and Custodian (UTMA/UGMA) accounts).Only certain products are eligible for advisory accounts. Fax the completed form to Structured Products Approval, New Accounts at (858) 202-8215. 1. Account Number Rep ID Rep Email MD0C [email protected] Account Registration Rep Phone 617-329-1185 2. Date Account Suitability Updated MM / DD / YYYY Account information must be current and updated within the last 24 months. 3. Prospectus Delivery (select one) Date Prospectus Delivered to Account Owner Prospectus Date Date Prospectus Delivered to Client Investment Name If pending product selection, prospectus will be provided to client(s) upon product selection. Note: It is the advisor's responsibility to provide a copy of the preliminary prospectus or offering circular and final prospectus to clients. For purchases, a completed Prospectus Receipt Form (F24) must be obtained for each new offering. Once the advisor receives the final prospectus after the trade settles, the advisor provides the prospectus to the client. 4. Agreement 1. Client has received from the financial advisor the most recent prospectus and all other offering materials prepared by the investment sponsor. Client has read and understands the information contained in these documents. 2. Structured products may involve a high degree of risk. Client understands that these investments may be illiquid and that there may not be a readily available market for them. Selected risk considerations include, but are not limited to, the following: Credit Risk. Investors purchasing securities assume the credit risk of the issuer. In the case of any default by the issuer, the investor has a claim on the issuer's assets with the priority of senior unsecured debt. This credit risk exists whether or not the structured product offers principal protection. An investor in a structured note never has a claim on the underlying investment, whether security, zero coupon bond, or option. In other words, the fact that a structured note has a low-risk underlying investment will not reduce the associated issuer credit risk. The creditworthiness of the issuer does not affect or enhance the likely performance of the investment other than the ability of the issuer to meet its obligations. LPL does not guarantee in any way the financial condition of an issuer. Principal Risk. Some structured products will not be fully principal-protected and some may offer no principal protection. Investors may face risk of full loss of principal on their investment. For some structured notes, investors may receive the underlying security (which may be worthless) in lieu of payment. If an investor chooses to sell a structured product prior to maturity date, the prematurity sales price may be less than the original purchase price. Liquidity and Market Risk. The securities may not be listed on any securities exchange. There may be little or no secondary market for the securities and information regarding independent market pricing for the securities may be limited. The value of the securities in the secondary market, if any, will be subject to many unpredictable factors including prevailing market conditions. Some structured investments may have upside or downside barriers, or knock-out levels. In the event the index closes above or below these barriers or knock-out levels at any time, the investor may only receive principal at maturity with no additional return. The return on some structured investments may be inversely linked to the performance of the underlying index. Opportunity Cost. Even though some securities pay interest, it may be less than conventional bond securities. Some structured products may have higher risks than the underlying securities, stocks, or bonds. The derivative component of structured products and the potential loss of principal from many such products may make them unsuitable for investors seeking higher yields or alternatives to debt securities. Capped/Callable Returns. Due to cap or call features, some structured products may not earn more than a specified amount even though the underlying securities may have appreciated by more than that amount. Structured products may include a provision that allows an issuer to "call" or redeem the product prior to maturity at a given price. If a structured product is "called" investors seeking to reinvest their redeemed funds may be subject to reinvestment risk. Member FINRA/SIPC F441-0510 Page 1 of 2 SPA LPL Account Number Tax Treatment. Tax treatment of structured products may be different from other investments held in Client's portfolio (for example, income on structured CDs may be taxed as ordinary income even though payment is not received until maturity). For a complete understanding of how a specific structured product may affect Client's tax situation, Client should review the prospectus and consult his/her tax professional. Limitations on FDIC Insurance. CDs are insured by the FDIC within the limits and to the extent described in the prospectus. The FDIC may take the position that the interest component of CDs is not insured until the final observation date. Client understands these FDIC limits on structured CD purchases. Client is responsible for monitoring the total amount of deposits (including structured CDs and any amounts Client may have invested in LPL's insured cash account program) that client holds with one issuer to determine the extent of deposit insurance coverage available to Client. LPL is not responsible for any insured or uninsured portion of structured CDs or any other deposits. Fees. Before investing, Client should consider the structured product’s investment objective, risks, charges, and expenses. Reverse Convertible/Exchangeable Risk Considerations. Reverse convertible/exchangeable securities are considered principal-at-risk securities and expose investors to the possible loss of some or their entire invested principal. These are not traditional debt securities, nor are they typically principal protected. Reverse convertible/exchangeable securities are debt obligations of the issuer that are tied to the performance of an unrelated security or basket of securities. Reverse convertibles expose investors not only to risks traditionally associated with bonds and other fixed income products --such as the risk of issuer default and inflation risk - but also to the additional risks of the unrelated assets, which are often stocks. An investor does not own, and does not participate in any upside appreciation of the underlying asset. Depending on how the underlying asset performs, investors may receive either some or all their principal back in cash or a predetermined number of shares of the underlying stock or asset (or cash equivalent), which amounts to less than the original investment (because the asset's price has depreciated). Generally, the higher the coupon rate the note pays, the higher the expected volatility of the reference asset. 3. Client is capable of evaluating and bearing the financial risks of purchasing and trading structured products. Client’s capabilities are based on his/her income, net worth, experience, knowledge of securities investing, and investment objectives. Client understands that although structured products may be considered fixed income securities, they often exhibit very different profit and loss potential. That profit and loss potential may be more akin to an option contract, particularly those where principal invested is at risk from market movements in a reference security. 4. Client agrees to advise LPL of any changes in Client’s financial situation or investment objective insofar as Client deems such changes material to Client’s structured products transactions. Please read prospectus for specific, detailed risks. 5. 6. I certify that the information provided on this form is true and accurate. Client Signature Client Name (print) Date Client Signature Client Name (print) Date I have reviewed the information herein concerning the Client’s investment objective, investment experience, and financial condition. LPL Financial Advisor Signature LPL Financial Advisor Name (print) Date Joint Advisor Signature (if applicable) Joint Advisor Name (if applicable) Date OSJ Branch Manager Signature OSJ Branch Manager Name (print) Date Name (print) Date Richard Suder 7. LPL HOME OFFICE USE ONLY Accepted by LPL Financial Corporation Member FINRA/SIPC F441-0510 Page 2 of 2