Pictet Equities Certificates (PEC)

This page is published by the Structured Product Unit of Banque Pictet & Cie SA. This page does not contain opinions, analyses or recommendations on securities of individual companies that are the result of financial analysts employed by Banque Pictet & Cie SA. It is not a product of any Banque Pictet & Cie SA Financial Research Unit and is not subject to the "Directives on the Independence of Financial Research" of the Swiss Bankers Association.Please be aware that PECs are subject to and distribution conditions. For additional information, please refer to the termsheet.