EFTA Document EFTA01353506

"Special Risks of Credit Default Options" (which was added in the June 2007 Supplement): SPECIAL RISKS OF BINARY OPTIONS (OTHER THAN CREDIT DEFAULT OPTIONS) 1. Risks of holders of binary options are similar to the risks described above applicable to holders of other cash-settled. European-We options. but the holder of a binary option will not receive any gain in excess of the fixed settlement amount of the option. Non-binary options, in contrast, may provide greater return to the hold