IMPORTANT LEGAL INFORMATION

By accessing or otherwise using the content available on these pages (such content, including the indices, the analytics and the information on such pages, collectively, the "Content"), you agree to be bound by and abide by these Terms of Use (the "Terms of Use"). If you, either individually or on behalf of the intermediary you represent, agree to these Terms of Use and click "X" in the upper righthand corner to access the Content, any such clicking shall have the same force and effect as you manually signing and delivering a paper copy of the Terms of Use individually, or as an authorized signatory of the intermediary you represent, if applicable. If you do not accept these Terms of Use, you should close your browser window and not access the Content. As used herein, the words "you" or "your" refer to the person accepting the Terms of Use.

The information provided herein was prepared for information purposes only by Société Générale (together with its affiliates, "SG"). The Content is indicative and should not be construed as an offer to buy or sell or a solicitation of offers to buy or sell any financial instrument. The Content is not intended to predict actual results, which may differ substantially from those reflected. The Terms of use may be amended or supplemented by SG from time to time in its sole discretion.

The SG Macro Compass Index has been developed by SG (the "Index Sponsor"). SG has contracted with S&P OpCo, LLC ("S&P") to maintain and calculate the SG Macro Compass Index. Conflicts of interest may exist where: (i) the Index Sponsor acts in multiple capacities with respect to the SG Macro Compass Index, including but not limited to functioning as Index Sponsor and/or licensing agent and (ii) SG's Sales, Trading or Structuring desks launch tradable products linked to the performance of the SG Macro Compass Index. SG has in place policies, information barriers and governance procedures that are designed to avoid or otherwise appropriately manage such conflicts of interest and ensure the independence and integrity of its indices.

The SG Macro Compass Index discussed within is the property of SG and is protected by applicable intellectual property and other laws. The non-exclusive right to use the SG Macro Compass Index as an underlying for any products is granted only upon completion of a license agreement with SG. SG and S&P disclaim any responsibility for any unauthorized use of the SG Macro Compass Index Information by any third party.

Any product that is linked to the performance of the SG Macro Compass Index herein is not sponsored, endorsed, sold or promoted by SG or S&P. None of SG, S&P or other third party licensor or data provider makes any representation or warranty, express or implied, regarding the advisability of purchasing any products linked to the SG Macro Compass Index discussed within.