Debt Instruments Issuance Programme

Similar documents
Debt Instruments Issuance Programme

Warrants Issuance Programme

Debt Instruments Issuance Programme

SGA SOCIÉTÉ GÉNÉRALE ACCEPTANCE N.V. Securitised Derivatives Programme. irrevocably and unconditionally guaranteed by SOCIÉTÉ GÉNÉRALE AND

SUPPLEMENT DATED 30 DECEMBER 2016 TO THE BASE PROSPECTUS DATED 20 JULY 2016 SOCIÉTÉ GÉNÉRALE. as Issuer and Guarantor (incorporated in France) and

Debt Instruments Issuance Programme

SECOND SUPPLEMENT DATED 8 DECEMBER 2017 TO THE BASE PROSPECTUS DATED 15 SEPTEMBER 2017

Warrants Issuance Programme

UNIBAIL-RODAMCO SE RODAMCO EUROPE FINANCE B.V. RODAMCO SVERIGE AB. EURO 15,000,000,000 Guaranteed Euro Medium Term Note Programme UNIBAIL-RODAMCO SE

FOURTH SUPPLEMENT TO THE BASE PROSPECTUS DATED 24 SEPTEMBER 2009

ING BELGIUM INTERNATIONAL FINANCE S.A.

SUPPLEMENT DATED 4 JANUARY 2019 TO THE BASE PROSPECTUS DATED 4 JULY 2018 SOCIÉTÉ GÉNÉRALE. as Issuer and Guarantor (incorporated in France) and

FIRST SUPPLEMENT DATED 16 NOVEMBER 2018 TO THE BASE PROSPECTUS DATED 14 SEPTEMBER 2018

ALPHA CREDIT GROUP PLC (incorporated with limited liability in England and Wales) as Issuer and

FIRST SUPPLEMENT DATED 1 MARCH 2016 TO THE BASE PROSPECTUS DATED 29 DECEMBER 2015

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

THIRD SUPPLEMENT DATED 16 NOVEMBER 2017 TO THE BASE PROSPECTUS DATED 22 JUNE 2017

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

FIRST SUPPLEMENT TO THE BASE PROSPECTUS DATED 5 SEPTEMBER RCI BANQUE (incorporated in France as a "société anonyme")

Credit Suisse AG Credit Suisse International

BAYER AKTIENGESELLSCHAFT (incorporated in the Federal Republic of Germany) as Issuer and as Guarantor for Notes issued by

This Supplement will be published on the Luxembourg Stock Exchange's website

THIRD SUPPLEMENT DATED 29 JANUARY 2018 TO THE BASE PROSPECTUS DATED 15 SEPTEMBER 2017

BNP PARIBAS (incorporated in France) (as Issuer and Guarantor) BNP PARIBAS ARBITRAGE ISSUANCE B.V. (incorporated in the Netherlands) (as Issuer)

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

THIRD SUPPLEMENT DATED 19 SEPTEMBER 2013 TO THE BASE PROSPECTUS

BAYER AKTIENGESELLSCHAFT (incorporated in the Federal Republic of Germany) as Issuer and as Guarantor for Notes issued by

SGA SOCIÉTÉ GÉNÉRALE ACCEPTANCE N.V. Securitised Derivatives Programme Irrevocably and unconditionally guaranteed by SOCIÉTÉ GÉNÉRALE

FIFTH SUPPLEMENT DATED 4 APRIL 2018 TO THE BASE PROSPECTUS DATED 22 JUNE 2017

SIXTH SUPPLEMENT DATED 27 SEPTEMBER 2016 TO THE BASE PROSPECTUS DATED 29 DECEMBER 2015

SECOND SUPPLEMENT DATED 2 OCTOBER 2017 TO THE BASE PROSPECTUS DATED 22 JUNE 2017

Programme for the issuance of Credit Linked Securities ISDA Credit Definitions Version

CITIGROUP INC. (incorporated in Delaware) and

APPLICABLE FINAL TERMS FINAL VERSION APPROVED BY THE ISSUER

Société Générale Bank & Trust S.A. (the Agent ) Euroclear. Operations Department 1, boulevard du roi Albert II 1210-Brussels; Belgium

APPLICABLE FINAL TERMS FINAL VERSION APPROVED BY THE ISSUER

NATIXIS STRUCTURED ISSUANCE SA. Warrant Programme

APPLICABLE FINAL TERMS. Dated 4 April 2012

J.P. Morgan Structured Products B.V. (incorporated with limited liability in The Netherlands)

BAYER AKTIENGESELLSCHAFT (incorporated in the Federal Republic of Germany) as Issuer and as Guarantor for Notes issued by

PROSPECTUS SUPPLEMENT

PROSPECTUS SUPPLEMENT N 3 DATED 15 MAY 2014 TO THE BASE PROSPECTUS DATED 11 JUNE 2013 CRÉDIT MUTUEL ARKÉA 13,000,000,000

mfinance FRANCE S.A. 3,000,000,000 Euro Medium Term Note Programme unconditionally and irrevocably guaranteed by mbank S.A.

Third Supplement dated 15 July 2011 to the Base Prospectus dated 7 February 2011 as supplemented on 11 April 2011 and 14 June 2011

N.V. Bank Nederlandse Gemeenten

(Incorporated as a joint stock company in the Republic of Austria under registered number FN m)

Supplement No. 1 dated 25 September Certificates NATIXIS STRUCTURED PRODUCTS LIMITED

J.P. Morgan Structured Products B.V. (incorporated with limited liability in The Netherlands)

AGENCE FRANÇAISE DE DÉVELOPPEMENT EURO 40,000,000,000 Euro Medium Term Note Programme with or without the guarantee of the Republic of France

CRÉDIT MUTUEL ARKÉA 13,000,000,000 EURO MEDIUM TERM NOTE PROGRAMME

FOURTH SUPPLEMENT DATED 30 APRIL 2018 TO THE BASE PROSPECTUS DATED 19 MAY 2017 BANQUE INTERNATIONALE A LUXEMBOURG, SOCIETE ANONYME

Düsseldorfer Hypothekenbank Aktiengesellschaft

BAYER AKTIENGESELLSCHAFT (incorporated in the Federal Republic of Germany) as Issuer and as Guarantor for Notes issued by

PSA BANQUE FRANCE 4,000,000,000. Euro Medium Term Note Programme

APPLICABLE FINAL TERMS FINAL VERSION APPROVED BY THE ISSUER

BNP Paribas Arbitrage Issuance B.V. BNP Paribas

FIRST SUPPLEMENT TO THE PROSPECTUS DATED 8 SEPTEMBER 2015

BAYER AKTIENGESELLSCHAFT (incorporated in the Federal Republic of Germany) as Issuer and as Guarantor for Notes issued by

SUPPLEMENT DATED 7 NOVEMBER 2018 TO THE BASE PROSPECTUSES LISTED IN THE SCHEDULE. Credit Suisse AG. Credit Suisse International

CITIGROUP GLOBAL MARKETS HOLDINGS INC. (a corporation duly incorporated and existing under the laws of the State of New York) and

SECOND SUPPLEMENT DATED 8 MARCH 2010 TO THE BASE PROSPECTUS DATED 13 NOVEMBER Casino Guichard-Perrachon

Amendment to Program Information

(Incorporated as a joint stock company in the Republic of Austria under registered number FN m)

FIRST SUPPLEMENT DATED 31 OCTOBER 2017 TO THE BASE PROSPECTUS DATED 3 AUGUST 2017

PROSPECTUS SUPPLEMENT N 2 DATED 30 JUNE 2017 TO THE BASE PROSPECTUS DATED 14 OCTOBER 2016

J.P. Morgan Structured Products B.V. (incorporated with limited liability in The Netherlands)

PROSPECTUS SUPPLEMENT N 3 DATED 22 SEPTEMBER 2017 TO THE BASE PROSPECTUS DATED 14 OCTOBER 2016

PROSPECTUS SUPPLEMENT NO. 6 TO THE BASE PROSPECTUS DATED 15 NOVEMBER 2017

FINAL TERMS DATED 23 NOVEMBER 2015 SOCIÉTÉ GÉNÉRALE. Issue of EUR 500,000, per cent. Fixed Rate Notes due 25 November 2020.

FIRST SUPPLEMENT TO THE PROSPECTUS DATED 4 AUGUST 2015

APPLICABLE FINAL TERMS

SEVENTHSUPPLEMENT Dated 23 January 2008

INFORMATION FOR SHAREHOLDERS OF THE LYXOR FTSE USA MINIMUM VARIANCE fund. MULTI UNITS FRANCE Lyxor FTSE USA Minimum Variance

CITIGROUP INC. (incorporated in Delaware) and

Final Terms dated 9 February 2012

Prospectus Supplement n 4 dated 26 February 2010 to the Base Prospectus dated 29 May 2009 BNP PARIBAS. (incorporated in France)

Amendment to Program Information

INFORMATION FOR UNIT-HOLDERS OF THE FCP FUND LYXOR MSCI EMU SMALL CAP UCITS ETF

SOCIÉTÉ GÉNÉRALE FINAL TERMS DATED 13 JULY Issue of AUD 150,000, per cent. Subordinated Tier 2 Notes due 2027 (the Notes)

Euro 45,000,000,000 Medium Term Notes and other Debt Instruments Programme

ING Bank N.V. Certificates Programme

Deutsche Bank Aktiengesellschaft

Second Supplement dated 8 September 2016 to the Debt Issuance Programme Prospectus dated 15 June 2016

SUPPLEMENT DATED 14 AUGUST 2018 TO THE BASE PROSPECTUS DATED 20 DECEMBER 2017, AS SUPPLEMENTED ON 16 FEBRUARY 2018

read in by FHB Issuer)

THIRD REGISTRATION DOCUMENT SUPPLEMENT. MORGAN STANLEY & CO. INTERNATIONAL plc (incorporated with limited liability in England and Wales)

Supplement N 1 Dated 9 September 2016 To the Base Prospectus dated 27 July 2016 CRÉDIT MUTUEL ARKÉA 13,000,000,000 EURO MEDIUM TERM NOTE PROGRAMME

AND BNP PARIBAS FORTIS FUNDING (INCORPORATED AS A SOCIÉTÉ ANONYME UNDER THE LAWS OF THE GRAND DUCHY OF LUXEMBOURG

Holcim Capital Corporation Ltd.

INFORMATION FOR UNIT-HOLDERS OF THE Lyxor MSCI EMU (DR) UCITS ETF

Second Supplement dated 27 November to the Warrant and Certificate Programme Base Prospectus dated 24 August 2015

LVMH MOËT HENNESSY LOUIS VUITTON

PROSPECTUS SUPPLEMENT N 1 DATED 21 SEPTEMBER 2016 TO THE BASE PROSPECTUS DATED 29 JUNE 2016

INVESTEC BANK PLC (incorporated with limited liability in England and Wales with registered number )

First Supplement dated 13 December 2017 to the Base Prospectus dated 13 October 2017

PROSPECTUS SUPPLEMENT N 3 DATED 15 MAY 2014 TO THE BASE PROSPECTUS DATED 14 JUNE 2013

INFORMATION FOR SHAREHOLDERS OF THE LYXOR IBOXX $ LIQUID EMERGING MARKETS SOVEREIGNS UCITS ETF SUB-FUND

SECOND SUPPLEMENT DATED 14 AUGUST 2012 TO THE BASE PROSPECTUS DATED 26 JUNE 2012

Supplement dated 29 March to the

Transcription:

SUPPLEMENT DATED 19 NOVEMBER 2014 TO THE BASE PROSPECTUS DATED 28 OCTOBER 2014 SOCIÉTÉ GÉNÉRALE as Issuer and Guarantor (incorporated in France) and SG ISSUER as Issuer (incorporated in Luxembourg) SGA SOCIÉTÉ GÉNÉRALE ACCEPTANCE N.V. as Issuer (incorporated in Curaçao) SG OPTION EUROPE as Issuer (incorporated in France) Debt Instruments Issuance Programme This supplement (hereinafter the Supplement) constitutes a supplement for the purposes of Article 13.1 of the Luxembourg act dated 10 July 2005 on prospectuses for securities (hereinafter the Prospectus Act 2005) to the Debt Instruments Issuance Programme Prospectus dated 28 October 2014 (hereinafter the Base Prospectus) and approved by (a) the Commission de Surveillance du Secteur Financier (hereinafter the CSSF) on 28 October 2014 in accordance with Article 7 of the Prospectus Act 2005 implementing Article 13 of the Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC (the Prospectus Directive) as amended (which includes the amendments made by Directive 2010/73/EU (the 2010 PD Amending Directive)) and (b) by the SIX Swiss Exchange Ltd (SIX Swiss Exchange) pursuant to its listing rules. The purpose of this Supplement is: - to incorporate by reference the third update to the 2014 Registration Document of Société Générale and, - to amend the summary accordingly and, - to add provisions relating to Dual Currency Notes into the Summary in order to correct inaccuracies and, - to incorporate the necessaries provisions relating to Slovak Republic for the purpose of making public offers in such country. This Supplement completes, modifies and must be read in conjunction with the Base Prospectus and the supplement dated 6 November 2014. Full information on the Issuers and the offer of any Notes is only available on the basis of the combination of the Base Prospectus, the supplement dated 6 November 2014 and this Supplement. Unless otherwise defined in this Supplement, terms used herein shall be deemed to be defined as such for the purposes of the relevant Terms and Conditions of the Notes set forth in the Base Prospectus. 1

To the extent that there is any inconsistency between (i) any statement in this Supplement and (ii) any other statement in the Base Prospectus, the statements in (i) above will prevail. To the best of the knowledge and belief of each Issuer and the Guarantor, no other significant new factor, material mistake or inaccuracy relating to information included in the Base Prospectus has arisen or been noted, as the case may be, since the publication of the supplement dated 6 November 2014. In accordance with Article 13.2 of the Prospectus Act 2005, investors who have already agreed to purchase or subscribe for the securities before this Supplement is published have the right, exercisable within a time-limit of two business days after the publication of this Supplement (no later than 21 November 2014) to withdraw their acceptances. DOCUMENT INCORPORATED BY REFERENCE The following document which has been previously published or is published simultaneously with this Supplement and has been filed with the CSSF shall be deemed to be incorporated by reference into, and to form part of, this Supplement: - the English translation of the third update to the 2014 registration document of Société Générale, the French version of which was filed with the Autorité des marchés financiers (hereinafter the AMF) on 6 November 2014 under No D.14-0115-A03, except for (i) the inside cover page containing the AMF visa and the related textbox, (ii) the statement of the person responsible for updating the registration document made by Mr. Frédéric Oudéa, Chairman and Chief Executive Officer of Société Générale, page 42 and (iii) the cross reference table, pages 44-49 ((i), (ii) and (iii) together hereinafter, the 2014 Third Update Excluded Sections, and the English version of the third update to the 2014 registration document of Société Générale without the 2014 Third Update Excluded Sections, hereinafter the Third Update to the 2014 Registration Document). To the extent that the Third Update to the 2014 Registration Document itself incorporates documents by reference, such documents shall not be deemed incorporated by reference herein as they are not relevant for the investor. Any reference to the Third Update to the 2014 Registration Document shall be deemed to exclude the 2014 Third Update Excluded Sections. The parts that are not incorporated by reference are either not relevant for the investor or covered in another part of the prospectus. 2

CROSS REFERENCE LIST RELATING TO SOCIÉTÉ GÉNÉRALE References to pages below are to those of the Third Update to the 2014 Registration Document of Société Générale. Annex XI of Commission Regulation (EC) N 809/2004 of 29 April 2004 3. RISK FACTORS 3.1. Prominent disclosure of risk factors that may affect the issuer's ability to fulfil its obligations under the securities to investors in a section headed "Risk Factors". 5. BUSINESS OVERVIEW Third Update to the 2014 Registration Document 35-41 5.1. Principal activities 5-32 5.1.1. A brief description of the issuer s principal activities stating the main categories of products sold and/or services performed; 5.1.2. An indication of any significant new products and/or activities; 9. ADMINISTRATIVE, MANAGEMENT AND SUPERVISORY BODIES 5-32 5-32 9.1. Names, business addresses and functions in the Issuer of the members of the administrative, management or supervisory bodies, and an 33-34 indication of the principal activities performed by them outside the Issuer where these are significant with respect to the Issuer. 11. FINANCIAL, INFORMATION CONCERNING THE ISSUER S ASSETS AND LIABILITIES, FINANCIAL POSITION AND PROFITS AND LOSSES 11.5 INTERIM AND OTHER FINANCIAL INFORMATION 5-30 Balance sheet Income statement Accounting principles 21 20 22 The information incorporated by reference that is not included in the cross-reference list, is considered as additional information and is not required by the relevant schedules of the Regulation (EC) 809/2004. AMENDMENTS TO THE BASE PROSPECTUS 1/ Summary i) Element B.12 in Section B Issuer[s] [and Guarantor] of the Summary of the Programme on page 7 of the Base Prospectus is modified as follows: - The table relating to the selected historical key financial information regarding Société Générale is deleted and replaced by the following table: 3

9 Months 2014 Half Year 2014 Year ended 2013 9 Months 2013 Half Year 2013 Year ended 2012 (*) Results (in EUR M) Net Banking Income Operating income 17,438 11,569 22,433(**) 16,737 11,101(**) 23,110 3,624 2,378 2,336(**) 1,778 1,405(**) 2,757 Net income 2,408 1,504 2,394(**) 2,162 1,532(**) 1,224 Group Net income 2,181 1,345 2,044(**) 1,853 1,319(**) 790 French retail Banking International Retail Banking & Financial Services 6,158 659 1,196(**) 6,276 597(**) 1,291 5,607 34 983(**) 5,772 498(**) 617 Global Banking and Investor Solutions 6,537 1,066 1,206(**) 6,435 1,024(**) 761 Corporate Centre Activity (in EUR bn) Total assets and liabilities Customer loans Customer deposits Equity (in billions of euros) (864) (414) (1,341) (**) (1,745) (800)(**) (1,879) 1,291.7 1,322.6 1,214.2 (**) 1,254.4 1,254.1 1,250.9 348 336.2 332.7 (**) 337.8 341.2 350.2 340 341.8 334.2(**) 350.4 350.0 337.2 Group shareholders' equity 55 53.3 50.9(**) 50.9 49.4 49.3 Total consolidated equity Cash flow statements (in billions of euros) Net inflow (outflow) in cash and cash equivalent 57.7 56.0 54.0(**) 54.9 53.3 53.6 NC NC (1.0)(**) NC NC 23.7 (*) Items relating to the results for 2012 have been restated due to the implementation of IAS (International Accounting Standard) 19: the change in accounting method involves the adjustment of data for the previous year. (**) 2013 data adjusted following the retrospective implementation of IFRS 10 and 11 on January 1st, 2014. ii) Element B.12 in Section B Issuer[s] [and Guarantor] of the Summary of the Programme on page 9 of the Base Prospectus is modified as follows: - Element Significant changes in the issuer s financial or trading position subsequent to the period covered by the historical financial information is deleted and replaced as follows: Not Applicable. There has been no significant change in the Issuer s financial or trading position of the Issuer since 30 September 2014.. 4

2/ Description of Société Générale Sub-section 9.2 of Section 9 Description of Société Générale on page 892 of the Base Prospectus is deleted and replaced as follows: There has been no significant change in the financial or trading position of Société Générale and its consolidated subsidiaries (taken as a whole) since 30 September 2014. 3/ Changes into the Summary i) Element C.2 is modified as follows: C.2 Currency of the securities issue [Insert the specified currency] [in respect of Dual Currency Notes, insert the settlement currency] [If several Series of Notes are to be issued or offered simultaneously in one set of Final Terms: The currency is, for each Series of Notes: [Insert currency] ii) In item D.3 and D.6, the following risk factor is added: [Insert if the Notes are Dual Currency Notes: In the case of Dual Currency Notes, the amount of principal and/or interest payable are dependent upon movements in currency exchange rates or are payable in one or more currencies which may be different from the currency in which the Notes are denominated. Accordingly an investment in Dual Currency Notes may bear similar market risks to a direct foreign exchange investment and potential investors should take advice accordingly.] 4/ Provisions relating to Slovak Republic i) In the Section entitled Taxation, on page 1009, after paragraph 3.13.2, a new paragraph 3.14 is created as follows: 3.14 Slovak Republic The information set out below is a description of certain material Slovak tax consequences of the acquisition, holding, sale, assignment and redemption of the Notes and it does not purport to be a complete analysis of all Slovak tax considerations relating to the Notes that may be relevant to a decision to purchase the Notes. This summary does not take into account or discuss the tax laws of any country other than the Slovak Republic nor does it take into account the individual circumstances, financial situation or investment objectives of an investor in the Notes. This summary is based on the tax laws of the Slovak Republic as in effect on the date of this Base Prospectus and their prevailing interpretations available on or before such date. All of the foregoing is subject to change, which could apply retroactively and could affect the continued validity of this summary. With regard to certain types of notes neither official statements of the tax authorities nor court decisions exist and it is not clear how these notes will be treated. Holders of the Notes should consult their own tax advisors as to the consequences under the tax laws of the country in which they are resident for tax purposes and the tax laws of the Slovak Republic concerning the acquisition, holding, sale, assignment and redemption of the Notes and receiving payments of interest, principal and/or other payments under the Notes, including, in particular, the application to their own situation of the tax considerations discussed below as well as the application of state, local, foreign or other tax laws. Individuals and legal entities who are tax residents in the Slovak Republic are subject to income taxation (personal income tax or corporate income tax) on their worldwide income, regardless of its source, including interests from the Notes, redemption of Notes and capital gains from the sale of the Notes. Income shall mean income both in cash and in kind (even if obtained through an exchange), 5

which has been attributed to the value, which is usual in the place and the time of performance or consumption, taking into account its type and quality, and, where appropriate, its condition and grade of depreciation, unless otherwise provided by applicable legislation. Taxable income from the Notes derived by individuals is taxed at a tax rate of 19% for that part of the annual tax base up to the amount of 176.8 times subsistence income and 25% for that part of the annual tax base which exceeds this amount. Income from the sale of the Notes derived by individuals decreased by expenses may be exempt from income tax up to the amount of 500 EUR in one tax period. Taxable income from the Notes derived by individuals may be subject to obligatory health insurance contributions due in Slovakia. It should be noted that the above information on tax rate and exemption(s) applies for the tax period of the year 2014 and may be changed in the following tax periods. Interests from the Notes and income received upon redemption of Notes representing income sourced outside the Slovak Republic received by the individuals who are tax residents in the Slovak Republic are taxable; the tax base could generally be reduced by mandatory health and social security insurance contributions payable from this income. Capital gain from the sale of the Notes derived by individuals who are tax residents in the Slovak Republic is taxable, the acquisition price of the Notes and related expenses including mandatory health and social security insurance contributions payable from this income are tax deductible. In general, any loss from sale of the Notes is not recognized for tax purposes. Taxable income from the Notes derived by legal entities is taxed at a tax rate of 22%. Legal entities who are tax residents in the Slovak Republic which hold the Notes as their business assets pay corporate income tax from interest received and capital gain from the sale / redemption of the Notes within general tax base (determined in accordance with the accounting regulations). Loss from the sale of the Notes may not be recognized for tax purposes provided the taxpayer reported an overall loss from the sale of all notes sold in the respective tax period (exceptions apply). Due to the repeated recent amendments to the withholding tax and health insurance contributions regimes, each individual and legal entity must evaluate obligations in this area which may arise under relevant legislation, including transitional provisions. ii) In the Section entitled Subscription, Sale and Transfer Restrictions, on page 1058, after paragraph 3.11, a new paragraph 3.12 is created as follows: 3.12 Slovak Republic The Notes may only be offered in the Slovak Republic in compliance with Act No. 566/2001 on securities and investment services, as amended, and other applicable Slovak laws. DOCUMENTS AVAILABLE Copies of this Supplement can be obtained, without charge, from the head office of each Issuer and the specified office of each of the Paying Agents, in each case, at the address given at the end of the Base Prospectus. This Supplement will be published on the website of: - the Luxembourg Stock Exchange (www.bourse.lu) and - the Issuers (http://prospectus.socgen.com) via one of the following paths: SOCIÉTÉ GÉNÉRALE -> Debt Issuance Program -> 2014 -> Supplement 2014; 6

RESPONSIBILITY Each Issuer and the Guarantor accept responsibility for the information contained in or incorporated by reference into this Supplement. To the best of the knowledge and belief of each Issuer and the Guarantor (each having taken all reasonable care to ensure that such is the case), the information contained in or incorporated by reference into this Supplement is in accordance with the facts and does not omit anything likely to affect the import of such information. 7