CRESW

This security represents warrants to purchase ordinary shares of Cresud S.A.C.I.F. y A., an Argentine agricultural and real estate company. Warrants are derivative securities that give holders the right, but not the obligation, to buy the underlying stock at a specified price (strike price) within a certain time period. These warrants trade independently from Cresud's common stock (CRESY) and provide leveraged exposure to the company's share price movements. The value of these warrants depends on factors including the underlying stock price, time to expiration, and volatility.