Products are subject to availability, prior sale and/or change in price. The information contained herein has been obtained from sources we believe to be reliable but does not purport to be a complete statement of the available data. Bonds are subject to market and interest risk; values will decline as interest rates rise. Investment returns may not be realized if bonds are sold prior to maturity and may be worth more or less than original cost. Interest and principal payments may be interrupted or ceased and loss of both interest and principal. Bonds may not be suitable for all investors and you should consider specific risks such as credit risk, default risk and volatility prior to investing. Diversification does not ensure a profit or guarantee against loss. Insurance does not guarantee market value or protect against fluctuations in bond prices resulting from general market fluctuations. No representation is made as to the insurer's ability to meet its financial commitments. Yields could be higher or lower depending on par amount, are inclusive of dealer mark-up and represent yield-to-worst, which may reflect yield-to-maturity, yield-to-worst-call, or yield-to-a-mandatory-put as indicated. Municipal securities may be subject to federal alternative minimum tax (AMT).
This communication is for informational purposes only and not a recommendation. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of iTB Securities, its subsidiaries and affiliates.
The ratings reflect only the views of each rating agency and an explanation of the significance of the ratings may be obtained from such rating agencies. There is no assurance that the ratings will be retained for any given period of time or that the ratings will not be revised downward, upward or withdrawn entirely by the rating agencies if, in their judgment, circumstances so warrant. Any such downward revision or withdrawal of the ratings will be likely to have an adverse effect on the market price of the Bonds.
For Official Statement and pricing information, please visit www.emma.msrb.org
Bond prices, yields, and availability are subject to change based upon market conditions. Yields represent yield to worst, which may reflect yield to maturity, yield to worst call, or yield to a mandatory put as indicated. Please review this information carefully with your financial advisor to assure it meets your investment objectives. Prices and yields are subject to change based upon market conditions and availability. If securities are sold prior to maturity, you may receive more or less than your initial investment. High yield bonds are not suitable for all investors. Ratings are provided by Moody's Investors Services, Standard & Poor's and Fitch. Insurance, if specified, relates to the timely payment of principal and interest. Insurance does not guarantee market value or protect against fluctuations in bond prices resulting from general market fluctuations. No representation is made as to the insurer's ability to meet its financial commitments. Interest from zero coupon securities is subject to taxes annually as ordinary income, even though no income is received. Municipal securities may be subject to federal alternative minimum tax (AMT). iTB Securities LLC does not provide legal or tax advice. Please contact your tax advisor regarding suitability of tax-exempt investments for your portfolio. Brokered CDs are FDIC insured up to applicable limits. Investors who sell CDs prior to maturity will get current market prices, which may be more or less than they paid. The information in this report has been obtained from source considered to be reliable, but we do not guarantee that it is accurate or complete. iTB Securities LLC may have a position in the securities presented in this report and may buy or sell such securities in the course of our regular business.
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