In summary, the risks are:

• the allocation to the Income Plus Trading Strategy falls to zero, and therefore, no further Deferral Payment Amounts will be made and the Investor will have no further exposure to the Income Plus Trading Strategy. Investors will have to wait until Maturity to get their Investment Amount back;
• the value of the Income Plus Trading Strategy will be affected by interest rates, volatility and performance of the stocks that comprise the Income Plus Trading Strategy;
• in the event that the Issuer nominates an Early Maturity Event, YIELDS2 will be terminated early and Investors will no longer be exposed to the Income Plus Trading Strategy. The Guarantor only guarantees to provide capital protection for investments held for the full term of YIELDS2. On Early Maturity Investors receive the Termination Amount, this amount may be less than an Investor's initial Investment Amount;
• the creditworthiness of the Guarantor;
• if you elect the Agency Sale Arrangement, the Closing Price may not be achievable and therefore you may receive less than the Final Value of the Delivery Parcel; and
• the exchange rate exposure may affect the value of YIELDS2 and the AUD value of any Deferral Payment Amounts. This is because returns on the stocks that comprise the Income Plus Trading Strategy are denominated in a variety of currencies, the Income Plus Trading Strategy is denominated in USD, and YIELDS2 are denominated in AUD.