PIMCO ON SOCIAL MEDIA

Please read the following carefully. This is not an offer of securities to any person in any jurisdiction where it is unlawful or unauthorized. Pacific Investment Management Company LLC (“PIMCO”) is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). | PIMCO Investments LLC (“PIMCO Investments”) is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (“FINRA”). | PIMCO Europe Ltd (Company No. 2604517) and PIMCO Europe Ltd - Italy (Company No. 07533910969) are authorised and regulated by the Financial Conduct Authority (25 The North Colonnade, Canary Wharf, London E14 5HS) in the UK. The Italy branch is additionally regulated by the CONSOB in accordance with Article 27 of the Italian Consolidated Financial Act. PIMCO Europe Ltd services and products are available only to professional clients as defined in the Financial Conduct Authority’s Handbook and are not available to individual investors, who should not rely on this communication. | PIMCO Deutschland GmbH (Company No. 192083, Seidlstr. 24-24a, 80335 Munich, Germany) and PIMCO Deutschland GmbH Swedish Branch (SCRO Reg. No. 516410-9190) are authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) (Marie- Curie-Str. 24-28, 60439 Frankfurt am Main) in Germany in accordance with Section 32 of the German Banking Act (KWG). The Swedish Branch is additionally supervised by the Swedish Financial Supervisory Authority (Finansinspektionen) in accordance with Chapter 25 Sections 12-14 of the Swedish Securities Markets Act. he services provided by PIMCO Deutschland GmbH are available only to professional clients as defined in Section 31a para. 2 German Securities Trading Act (WpHG). They are not available to individual investors, who should not rely on this communication. | PIMCO (Schweiz) GmbH (registered in Switzerland, Company No. CH-020.4.038.582-2), Brandschenkestrasse 41, 8002 Zurich, Switzerland, Tel: + 41 44 512 49 10. The services and products provided by PIMCO Switzerland GmbH are not available to individual investors, who should not rely on this communication but contact their financial adviser. | PIMCO Asia Pte Ltd (8 Marina View, #30-01, Asia Square Tower 1, Singapore 018960, Registration No. 199804652K) is regulated by the Monetary Authority of Singapore as a holder of a capital markets services licence and an exempt financial adviser. The asset management services and investment products are not available to persons where provision of such services and products is unauthorised. | PIMCO Asia Limited (Suite 2201, 22nd Floor, Two International Finance Centre, No. 8 Finance Street, Central, Hong Kong) is licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance. The asset management services and investment products are not available to persons where provision of such services and products is unauthorised. | PIMCO Australia Pty Ltd ABN 54 084 280 508, AFSL 246862 (PIMCO Australia). This publication has been prepared without taking into account the objectives, financial situation or needs of investors. Before making an investment decision, investors should obtain professional advice and consider whether the information contained herein is appropriate having regard to their objectives, financial situation and needs. | PIMCO Japan Ltd (Toranomon Towers Office 18F, 4-1-28, Toranomon, Minato-ku, Tokyo, Japan 105-0001) Financial Instruments Business Registration Number is Director of Kanto Local Finance Bureau (Financial Instruments Firm) No.382. PIMCO Japan Ltd is a member of Japan Investment Advisers Association and The Investment Trusts Association, Japan. Investment management products and services offered by PIMCO Japan Ltd are offered only to persons within its respective jurisdiction, and are not available to persons where provision of such products or services is unauthorized. Valuations of assets will fluctuate based upon prices of securities and values of derivative transactions in the portfolio, market conditions, interest rates, and credit risk, among others. Investments in foreign currency denominated assets will be affected by foreign exchange rates. There is no guarantee that the principal amount of the investment will be preserved, or that a certain return will be realized; the investment could suffer a loss. All profits and losses incur to the investor. The amounts, maximum amounts and calculation methodologies of each type of fee and expense and their total amounts will vary depending on the investment strategy, the status of investment performance, period of management and outstanding balance of assets and thus such fees and expenses cannot be set forth herein. | PIMCO Canada Corp. (199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2) services and products may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose. | PIMCO Latin America Edifício Internacional Rio Praia do Flamengo, 154 1o andar, Rio de Janeiro – RJ Brasil 22210-906.

The above financial institutions, are collectively referred herein as the “PIMCO Companies.” The PIMCO Companies publish content on or through pages, profiles, accounts, feeds, channels or other portions of various social media digital platforms, including Facebook, Google+, Harvest, LinkedIn, Twitter and YouTube, for educational, promotional or other business reasons (such content published by the PIMCO Companies, other than paid advertisements, is referred to herein as the “PIMCO Content”).

LinkedIn and Xing

Beginning 7 October 2016 PIMCO Content published in the PIMCO Companies’ portion of this social media platform (“PIMCO Space”) may include both PIMCO Companies content and content intended for a specific PIMCO company. PIMCO Content intended for a specific PIMCO company will utilize the social media platform’s regional settings to limit distribution to those regions in which the PIMCO Company is authorized or may otherwise conduct business. Each of the PIMCO Companies is solely responsible for its content. Prior to 7 October 2016 this PIMCO Space included PIMCO Content intended for residents of the United States, Puerto Rico, Guam and the U.S. Virgin Islands only (“Legacy Content”). Legacy Content available on this PIMCO Space is not intended for nor should be accessed by any person or entity in any other jurisdiction.

The PIMCO Content is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation or which would subject PIMCO or any of PIMCO’s products or services to any authorization, registration, licensing or notification requirement within any jurisdiction outside of those jurisdictions in which the underlying financial institutions are licensed to operate. The PIMCO Content has been created for informational purposes.

Facebook, Google+, Harvest, Twitter and YouTube

PIMCO Content published in the PIMCO Companies’ portion of these social media platforms (“PIMCO Space”) may include both PIMCO content and PIMCO Investments content. PIMCO Content on these social media platforms is intended for residents of the United States, Puerto Rico, Guam and the U.S. Virgin Islands only (“U.S. Territories”), and is not directed to any person in any jurisdiction where (by reason of that person's nationality, domicile, residence or otherwise) the publication or availability of the PIMCO Content is prohibited. Persons in respect of whom such prohibitions apply must not access these PIMCO Spaces or PIMCO Content. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed in the PIMCO Content published herein. U.S. investors are advised that not all investments or services described in any PIMCO Content are available for sale in all states. Any potential investor should satisfy himself or herself that the purchase of PIMCO products and services is permissible under the laws, rules and regulations applicable to him or her. Each of PIMCO and PIMCO Investments is solely responsible for its content. PIMCO Investments is the distributor of PIMCO investment products, and any PIMCO Content relating to those investment products is the sole responsibility of PIMCO Investments.

Important Information for PIMCO Content Intended for a Specific Region

PIMCO Content for a specific PIMCO company utilizing regional settings is intended to be limited to residents of Australia, Canada, Germany, Hong Kong, Italy, Singapore, Spain, United Kingdom, and U.S. Territories, and is not directed to any person in any jurisdiction where (by reason of that person's nationality, domicile, residence or otherwise) the publication or availability of the PIMCO Content is prohibited.

U.S. Territories: Investor’s considering an investment in a PIMCO product:

Investors should consider the investment objectives, risks, charges and expenses of PIMCO sponsored funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available, which may be obtained by visiting www.pimco.com/investments. Please read them carefully before you invest or send money. Investing involves risk, including possible loss of principal.

These materials are being provided on the express basis that they and any related communications (whether written or oral) will not cause Pacific Investment Management Company LLC (or any affiliate) (collectively, “PIMCO”) to become an investment advice fiduciary under ERISA or the Internal Revenue Code, as the recipients are fully aware that PIMCO (i) is not undertaking to provide impartial investment advice, make a recommendation regarding the acquisition, holding or disposal of an investment, act as an impartial adviser, or give advice in a fiduciary capacity, and (ii) has a financial interest in the offering and sale of one or more products and services, which may depend on a number of factors relating to PIMCO (and its affiliates’) internal business objectives, and which has been disclosed to the recipient. These materials are also being provided on PIMCO’s understanding that the recipients they are directed to are all financially sophisticated, capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies. If this is not the case, we ask that you inform us immediately. You should consult your own separate advisors before making any investment decisions.

These materials are also being provided on the express basis that they and any related communications will not cause PIMCO (or any affiliate) to become an investment advice fiduciary under ERISA or the Internal Revenue Code with respect to any recipient or any employee benefit plan or IRA because: (i) all recipients are acting as or on behalf of a U.S. registered investment adviser, a U.S. registered broker-dealer, a bank regulated by the United States or any State, an insurance company licensed by more than one State to manage the assets of employee benefit plans subject to ERISA (and together with plans subject to Section 4975 of the Internal Revenue Code, “Plans”), or a fiduciary with respect to such Plan(s) with at least $50 million of client assets under management and control, (ii) the recipients are all independent of PIMCO and its affiliates, (iii) upon review of all relevant facts and circumstances, the recipients have concluded that they have no financial interest, ownership interest, or other relationship, agreement or understanding with PIMCO or any affiliate that would limit any fiduciary responsibility that any recipient may have with respect to any Plan on behalf of which this information may be utilized, and (iv) the recipient is, or is represented by, an independent fiduciary that satisfies the criteria set forth in 29 C.F.R. § 2510.3-21(c)(1), including but not limited to paragraphs (c)(1)(i), (ii), and (iv). If this is not the case, or if there is any relationship with any recipient of which you are aware that would call into question the recipient’s ability to independently fulfill its responsibilities to any such Plan, we ask that you let us know immediately.

The information provided herein is intended to be used solely by the recipient in considering the products or services described herein and may not be used for any other reason, personal or otherwise.

General User Guidelines

Please ensure that your contributions in relation to PIMCO Content are relevant and topical. Do not publish your own advertisements of any kind in any PIMCO Space or with respect to any PIMCO Content. Additionally, refrain from publishing, including through hyper-links, inappropriate or offensive material in any PIMCO Space. Do not attempt to promote investments (this includes posting testimonials, giving investment advice, or making recommendations about specific securities, securities strategies, products or services) in any PIMCO Space. Do not attempt to submit to the PIMCO Companies any personal, confidential or account information through any PIMCO Space. Visit www.pimco.com for more information about PIMCO and for client service inquiries. The PIMCO Companies are not subject to any obligations of confidentiality regarding information submitted to them through any PIMCO Space or otherwise through any social media platform.

About PIMCO Content

No PIMCO Content published on any social media platform is an offer to sell or a solicitation of an offer to buy shares of any PIMCO investment product to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Additionally, all PIMCO Content published on any social media platform is for informational purposes only and should not be considered as investment advice or a recommendation to invest in any particular security, strategy or investment product. The PIMCO Companies are not engaged in rendering any tax, legal or accounting advice. Please consult with a qualified professional for this type of advice. References to specific securities and their issuers or other investments are not intended and should not be interpreted as recommendations to purchase, sell or hold such securities or other investments. PIMCO products and strategies may or may not include the investments referenced and, if such investments are included, no representation is being made that such investments will continue to be included. Personnel of the PIMCO Companies may or may not invest, directly or indirectly, in the specific investments and their issuers that are referenced in PIMCO Content by such personnel.

Although the PIMCO Companies have taken reasonable care to ensure that the PIMCO Content is accurate, no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by the PIMCO Companies.

Third-Party Content in any PIMCO Space

While the PIMCO Companies may monitor third-party content published in a PIMCO Space, such content is not reviewed before it is displayed. Third-party content in any PIMCO Space is both the view and responsibility of the third-party, not the PIMCO Companies. The PIMCO Companies cannot guarantee the appropriateness, accuracy or usefulness of any third-party content or of any third-party hyper-link, nor are they responsible for any unauthorized or copyrighted materials contributed by a third-party in any PIMCO Space. PIMCO reserves the right to remove, alter, edit or adapt any third-party content in any PIMCO Space.

The PIMCO Companies do not publish or otherwise disseminate statements relating to current or former clients’ positive experiences with or endorsements of PIMCO and expect you to refrain from publishing such content in any PIMCO Space. You should limit your content in any PIMCO Space to investment themes rather than commenting, positively or negatively, on PIMCO, its products, services or personnel.

Any descriptions of, references to, or links to other products, publications or services do not constitute an endorsement, authorization, sponsorship by, or affiliation with the PIMCO Companies with respect to any hyper-linked site or its sponsor, unless expressly stated by the PIMCO Companies. The PIMCO Companies expressly disclaim any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites, as posted by third-parties in any PIMCO Space.

Use Social Media Platforms at Your Own Risk

The PIMCO Companies and their respective affiliates, directors, officers, registered representatives or employees are not liable for any direct, indirect, incidental, consequential, punitive or special damages arising out of or in any way connected with your access or use of, or inability to access or use, a social media platform, any PIMCO Space thereon or reliance on any PIMCO Content or any failure of performance, interruption, defect, delay in transmission, computer viruses or other harmful components, or line or system failure associated with a social media platform or any PIMCO Space thereon. Use of a social media platform or any PIMCO Space thereon is at your own risk.

Privacy Policy

The PIMCO Companies are not responsible for the privacy policies of any social media platform on which PIMCO Content may appear, including in any PIMCO Space.

Important Investment Information

Past performance is not a guarantee or a reliable indicator of future results. All investments contain risk and may lose value. Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment. Where investments involve currency exposure, changes in rates of exchange may cause the value of the investment to go up or down. Any tax benefits referred to in any PIMCO Content are subject to change and their availability and value will depend on your individual circumstance. Such investments are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not federally insured or guaranteed by the U.S. government, the FDIC, the Federal Reserve Board or any other agency. There is no guarantee that any PIMCO Content discussing an investment strategy will work under all market conditions or will be suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. Investors should consult their financial and/or tax advisor prior to making any investment decision. Some of the investments and services discussed in PIMCO Content may not be available in or appropriate for a retirement savings plan. Please contact your financial advisor about any investment restrictions associated with your particular plan.

Certain PIMCO Content may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words “may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue” and similar expressions identify forward-looking statements.

Dated: October2016