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KBW Indices Options
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Options on KBW Family of Indices

With the flexibility of trading sector index options on the Philadelphia Stock Exchange, the indices can now be used to hedge exposure to these segments of the industry. However, hedging does not guarantee the investor protection from potential losses that may arise.



Disclaimer

The following indices: KBW Bank Index (BKX), KBW Insurance Index (KIX), KBW Capital Markets Index (KSX), KBW Regional Banking Index (KRX), and KBW Mortgage Finance Index (MFX) are the property of Keefe, Bruyette & Woods, Inc. (KBW). KBW does not guarantee the accuracy or completeness of the Index, makes no express or implied warranties with respect to the Index and shall have no liability for any damages, claims, losses or expenses caused by errors in the index calculation. KBW makes no representation regarding the advisability of investing in options on the Index.


Options involve risk and are not suitable for all investors. The risk of loss associated with futures and options trading can be substantial. Past performance is not necessarily indicative of future results. Current Options Disclosure Document(s) can be obtained from Keefe, Bruyette & Woods, Operations Department, 787 7th Avenue, New York, NY 10019.


This communication is not an offer to sell or a solicitation to buy the securities mentioned. The information relating to any company herein is derived from publicly available sources and Keefe, Bruyette & Woods, Inc. makes no representation as to the accuracy or completeness of such information.