This material is not considered research and is not a product of any research department. PNC Capital Markets LLC (“PNCCM”) or an affiliate of PNCCM may trade the securities or instruments that are the subject of or mentioned in this material for its own account for resale to clients and, as a result, may have an ownership interest in these financial instruments. The author is a fixed income trader or salesperson for PNC FIG Advisory, a part of PNCCM, and this firm may have purchased or sold the financial instruments that are the subject of this material prior to publication.
This material is informational only and is not intended as an offer or a solicitation to buy or sell any security or instrument or to participate in any trading strategy. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. PNCCM believes the information contained in this material to be reliable and accurate, but neither PNCCM nor any affiliate of PNCCM makes any guaranty or warranty as to its reliability or accuracy.
PNCCM is not providing investment, legal, tax, financial, accounting or other advice to you or any other party. PNCCM is not acting as an advisor or fiduciary in any respect in connection with providing this information, and no information or material contained herein is to be construed as either projections or predictions. Past performance is not indicative of future results.
PNCCM is a member of FINRA and SIPC, and is a wholly owned subsidiary of The PNC Financial Services Group, Inc. (“PNC”). Investment banking and capital markets activities are conducted by PNC through its subsidiaries PNC Bank, National Association, PNCCM, Harris Williams LLC, Solebury Capital LLC, and Sixpoint Partners LLC. Services such as public finance investment banking services, securities underwriting, and securities sales and trading are provided by PNCCM.
Important Investor Information: Brokerage and insurance products are:
Not FDIC Insured • Not Bank Guaranteed • Not A Deposit • Not Insured By Any Federal Government Agency • May Lose Value
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