BlackRock Global Funds Prospectus

J.P. Morgan SE, Luxembourg Branch is registered in the Luxembourg Trade and Companies' Register (RCS) under numberB255938 and is subject to the supervision of the aforementioned home State supervisory authorities as well as local supervisionby the CSSF.Both J.P. Morgan Bank Luxembourg S.A. and J.P. Morgan AG (which at the Merger Date changed its legal form to J.P. MorganSE) are members of the J.P. Morgan group of companies. The Merger does not change the scope of services provided to theCompany by J.P. Morgan Bank Luxembourg S.A. There will be no change of address or contact details of the administrator,paying agent, transfer agent and registrar, and listing agent.The change described above does not result in any change in the fees and expenses borne by the Funds and/or theirshareholders, nor result in any changes in the dealing arrangements of the Funds.2. Revised ProspectusUpdated versions of the Company's prospectus will be available to download from our website (www.blackrock.com/hk1) and inhard copy format free of charge in due course upon request from your local representative on 852 3903-2688 or at the office ofthe Hong Kong Representative at the address stated below.If you would like any further information or have any questions regarding this letter, please contact the Company's Hong KongRepresentative, BlackRock Asset Management North Asia Limited, at 16/F Champion Tower, 3 Garden Road, Central, Hong Kong orby telephone on 852 3903-2688.Yours faithfully,BlackRock Asset Management North Asia LimitedHong Kong RepresentativePRISMA 22/1042 BGF SHL ENG/HK 0322NM0422U-2106382-6/212

Registered Office:2-4, rue Eugène RuppertL-2453 LuxembourgGrand Duchy of LuxembourgTHIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.If you are in any doubt about the action to be taken you should consult your stockbroker, bank manager,solicitor, accountant, relationship manager or other professional adviser immediately.1st March 2022Suspension of the calculation of the NAV of BlackRock Global Funds – Emerging Europe FundOn 28th February 2022, in order to protect the interests of investors in BlackRock Global Funds – EmergingEurope Fund (“the Fund”), the Board of Directors of BlackRock Global Funds (“BGF”) took the decision tosuspend the valuation (and consequently issues, redemptions and conversions) of all Share Classes witheffect from and including 1st March 2022, in accordance with the Prospectus and the Articles of Association ofBGF.The depositary of BGF has been consulted and has no objection to this suspension decision.This suspension will remain in place until further notice.Due to the escalating conflict between Russia and the Ukraine, normal market trading conditions have beensignificantly impaired, which in the view of the Management Company and BGF Board constitutes anemergency as a result of which disposal and valuation of investments of the Fund is impracticable. Thisincludes a proportion of the Fund portfolio which is not currently tradeable. Dealing in the Fund has beensuspended with immediate effect. This means we are not able to accept any requests to buy, switch orredeem shares in the Fund, received after 12:00 pm CET on Monday 28th February 2022. During this timeany dealing requests received by the Fund will be rejected.While the Fund is suspended, you will be unable to buy, switch or redeem shares but you will continue toreceive statements and updates.At this stage, we are unable to say how long the Fund will be suspended for, but the decision will be reviewedon an ongoing basis.In the meantime, we continue to work as hard as we can on behalf of investors to manage the Fund inaccordance with its investment objectives and ensuring that the suspension can be lifted as soon as possible.We will take the decision to lift this suspension as soon as we consider it is in the best interests of existingshareholders to do so and will post regular updates to our website at www.blackrock.com/hk1.Please be reassured that the suspension of the Fund has no impact on any other investments you may havein the BGF range.We thank you for your patience and understanding during this challenging period. If you have any questions,please contact BGF’s Hong Kong Representative, BlackRock Asset Management North Asia Limited, at 16/FChampion Tower, 3 Garden Road, Central, Hong Kong or by telephone on 852 3903-2688.1Investors should note that the website has not been authorised or reviewed by the Securities and Futures Commission.NM0422U-2106382-7/212

BLACKROCK GLOBAL FUNDS(the “Company”)INFORMATION FOR RESIDENTS OF HONG KONGThis Document contains additional information of particular relevance to residents of Hong Kong. All decisions to subscribe for Sharesshould be made on the basis of the information in the Prospectus, as modified and supplemented by this Document, and the most recentannual and (if later) half yearly accounts of the Company.Terms not defined herein shall have the same meaning as set out in the Prospectus.IMPORTANT – IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS DOCUMENT, YOU SHOULD SEEK INDEPENDENTPROFESSIONAL FINANCIAL ADVICE.AUTHORISATION IN HONG KONGThe Company and the Funds set out in the “Funds available in Hong Kong” section below are authorised by the Securities and FuturesCommission in Hong Kong (the “SFC”) as a collective investment scheme. The SFC’s authorisation is not a recommendation orendorsement of the Company/the Funds nor does it guarantee the commercial merits of the Company/the Funds or their performance. Itdoes not mean the Company/the Funds are suitable for all investors nor is it an endorsement of their suitabilities for any particular investoror class of investors. No money should be paid to any intermediary in Hong Kong who is not licensed or registered to carry out type 1regulated activity under part V of the Securities and Futures Ordinance.Notwithstanding the incorporation into the offering documents of the Company of the availability of investment powers under the UCITSDirective 2001/108/EC (as amended), for so long as the Funds set out in the “Funds available in Hong Kong” section below remainauthorised by the SFC, and unless otherwise approved by the SFC, these Funds (except for the Emerging Markets Local Currency BondFund, ESG Multi-Asset Fund, Euro Bond Fund, Euro Corporate Bond Fund, Euro Short Duration Bond Fund, Fixed Income GlobalOpportunities Fund, Global Corporate Bond Fund, Global Government Bond Fund, Global Inflation Linked Bond Fund, US Dollar BondFund, US Dollar Short Duration Bond Fund, US Government Mortgage Impact Fund and World Bond Fund (“Relevant Funds”)) may onlyuse financial derivative investments (“FDI”) subject to the limit that their respective net derivative exposures shall not exceed 50% of theirrespective Net Asset Value.Investors should note that the Relevant Funds may use FDI for hedging and investment purposes with net derivative exposure more than100% of their respective Net Asset Value. Please refer to the section headed “Use of Derivatives” below for further details.Prior written notification of not less than 1 month will be given to investors and the Company’s Hong Kong offering document will be updatedshould there be any change in the investment objectives, policy and/or restrictions applicable to the Company.Notwithstanding anything said in the Prospectus, both the English and Chinese versions of the Prospectus shall contain same informationand shall be treated as having the same equal standing in Hong Kong.Funds available in Hong KongWarning: In relation to the Funds as set out in the Prospectus, only the following Funds are authorised by the SFC as of the date of thisDocument pursuant to section 104 of the Securities and Futures Ordinance and hence may be offered to the public of Hong 19.20.21.22.23.24.25.26.27.28.29.Asia Pacific Equity Income FundAsian Dragon FundAsian Growth Leaders FundAsian High Yield Bond FundAsian Multi-Asset Income FundAsian Tiger Bond FundChina Bond FundChina Flexible Equity FundChina FundCircular Economy FundContinental European Flexible FundDynamic High Income FundEmerging Europe FundEmerging Markets Bond FundEmerging Markets Corporate Bond FundEmerging Markets Equity Income FundEmerging Markets FundEmerging Markets Local Currency Bond FundESG Flex Choice Cautious FundESG Flex Choice Growth FundESG Flex Choice Moderate FundESG Global Bond Income FundESG Multi-Asset FundEuro Bond FundEuro Corporate Bond FundEuro-Markets FundEuro Reserve FundEuro Short Duration Bond FundEuropean Equity Income 5.46.47.48.49.50.51.52.53.54.55.56.57.58.European FundEuropean High Yield Bond FundEuropean Special Situations FundEuropean Value FundFinTech FundFixed Income Global Opportunities FundFuture Of Transport FundGlobal Allocation FundGlobal Corporate Bond FundGlobal Dynamic Equity FundGlobal Equity Income FundGlobal Government Bond FundGlobal High Yield Bond FundGlobal Inflation Linked Bond FundGlobal Long-Horizon Equity FundGlobal Multi-Asset Income FundIndia FundJapan Flexible Equity FundJapan Small & MidCap Opportunities FundLatin American FundNatural Resources Growth & Income FundNext Generation Technology FundNutrition FundSustainable Energy FundSwiss Small & MidCap Opportunities FundSystematic China A-Share Opportunities FundSystematic Global Equity High Income FundSystematic Global SmallCap FundUnited Kingdom Fund1NM0422U-2106382-8/212

59.60.61.62.63.64.65.66.67.US Basic Value FundUS Dollar Bond FundUS Dollar High Yield Bond FundUS Dollar Reserve FundUS Dollar Short Duration Bond FundUS Flexible Equity FundUS Government Mortgage Impact FundUS Growth FundUS Small & MidCap Opportunities Fund68.69.70.71.72.73.74.75.World Bond FundWorld Energy FundWorld Financials FundWorld Gold FundWorld Healthscience FundWorld Mining FundWorld Real Estate Securities FundWorld Technology FundPlease note that the Prospectus is a global offering document and therefore also contains information of the following Funds which are notauthorised by the SFC as of the date of this Document:1.2.3.4.5.6.7.8.9.10.11.12.Asian Sustainable Equity FundChina Impact FundChina Innovation FundClimate Action Equity FundClimate Action Multi-Asset FundDeveloped Markets Sustainable Equity FundEmerging Markets Impact Bond FundEmerging Markets Sustainable Equity FundESG Asian Bond FundESG Emerging Markets Blended Bond FundESG Emerging Markets Bond FundESG Emerging Markets Corporate Bond Fund13.14.15.16.17.18.19.20.21.22.23.24.ESG Emerging Markets Local Currency Bond FundESG Fixed Income Global Opportunities FundESG Global Conservative Income FundESG Global Multi-Asset Income FundEuropean Focus FundEuropean Sustainable Equity FundFuture Consumer FundMulti-Theme Equity FundNext Generation Health Care FundSustainable Global Infrastructure FundSystematic Multi Allocation Credit FundUS Sustainable Equity FundNo offer shall be made to the public of Hong Kong in respect of the above unauthorised Funds. The issue of the Prospectus was authorisedby the SFC only in relation to the offer of the above SFC-authorised Funds to the public of Hong Kong.Intermediaries should take note of this restriction.The Investment Advisers and Sub-AdvisersThe list of Investment Advisers and Sub-Advisers to which the Management Company may delegate its investment management functionsis set out in the section headed “Administrative Organisation – The Investment Advisers and Sub-Advisers” of the Prospectus.Investors may refer to the following list of Investment Adviser(s) and Sub-Adviser(s) who are eligible to exercise investment discretion onthe above SFC-authorised Funds as of the date of this Document:1.2.3.4.5.6.7.BlackRock Financial Management, Inc.BlackRock Investment Management, LLCBlackRock Investment Management (UK) LimitedBlackRock Investment Management (Australia) LimitedBlackRock Asset Management North Asia LimitedBlackRock Japan Co., Ltd.BlackRock (Singapore) LimitedThe Investment Adviser(s) and Sub-Adviser(s) managing an SFC-authorised Fund may be changed from time to time, without prior noticeto the relevant Hong Kong shareholders, provided that such Investment Adviser(s) and Sub-Adviser(s) are from the current list of InvestmentAdvisers and Sub-Advisers who are eligible to exercise investment discretion on the SFC-authorised Funds (“List of IA”). Prior approval willbe sought from the SFC and at least one month’s notice will be given to Hong Kong shareholders should there be any addition of InvestmentAdviser or Sub-Adviser to the List of IA. For any removal of Investment Adviser or Sub-Adviser from the List of IA, prior approval from theSFC will be sought and notice will be given to Hong Kong shareholders as soon as reasonably practicable.The Management Company shall continue to have ongoing supervision and regular monitoring of the competence of its delegates to ensurethat its accountability to investors is not diminished. Although the investment management function of the Management Company may bedelegated to the Investment Advisers and Sub-Advisers, its responsibilities and obligations may not be delegated.Details of the relevant Investment Adviser(s) and Sub-Adviser(s) responsible for a particular SFC-authorised Fund will be listed in the interimreport and annual report of the Company and will be available from the Hong Kong Representative upon request.USE OF DERIVATIVESEach of the Funds may use derivatives for hedging, efficient portfolio management and investment purposes. These include swap contractsto adjust interest rate risk, currency derivatives to buy or sell currency risk, covered call options, credit default swaps to buy or sell credit riskand volatility derivatives to adjust volatility risk.Under Article 11 of UCITS Directive 2007/16/EC, derivatives for efficient portfolio management shall be entered into for one or more of thefollowing aims: (i) reduction of risk, (ii) reduction of cost, or (iii) generation of additional capital or income.Except for the Relevant Funds, the Funds may only use FDI subject to the limit that their respective net derivative exposures shall not exceed50% of their respective Net Asset Value. In an adverse situation, if the use of derivatives for hedging and efficient portfolio managementbecomes ineffective, the Funds may suffer significant losses.2NM0422U-2106382-9/212

The Relevant Funds may use FDI for hedging and investment purposes with net derivative exposure potentially exceeding 100% of theirrespective Net Asset Value.FDI such as government bond futures and interest rate swaps may be used for hedging and mitigating interest rate risk. Foreign exchangeforwards and futures may be used to minimise currency exposure. The Relevant Funds may also use FDI such as futures, foreign exchangederivatives, swaps and options for investment purposes but is not limited to a particular strategy regarding the FDI usage.Please refer to the Prospectus for the risk management measure used by each of the Relevant Funds to monitor and manage its globalexposure.Certain FDI used by the Relevant Funds may be in respect of asset classes not correlated with the underlying securities positions held bythe Relevant Funds such as FDI on currencies (or in the case of the Emerging Markets Local Currency Bond Fund, derivatives on currenciesnot included in the benchmark).The following Funds may acquire financial derivative instruments for hedging, efficient portfolio management and/or investment purposessubject to the limits set out below:Asia Pacific Equity Income FundAsian Dragon FundAsian Growth Leaders FundAsian High Yield Bond FundAsian Multi-Asset Income FundAsian Tiger Bond FundChina Bond FundChina Flexible Equity FundChina FundCircular Economy FundContinental European FlexibleFundDynamic High Income FundEmerging Europe FundEmerging Markets Bond FundEmerging Markets CorporateBond FundEmerging Markets Equity IncomeFundEmerging Markets FundEmerging Markets Local CurrencyBond FundESG Flex Choice Cautious FundESG Flex Choice Growth FundESG Flex Choice Moderate FundESG Global Bond Income FundESG Multi-Asset FundEuro Bond FundEuro Corporate Bond FundEuro-Markets FundEuro Reserve FundEuro Short Duration Bond FundEuropean Equity Income FundEuropean FundEuropean High Yield Bond FundEuropean Special Situations FundEuropean Value FundFinTech FundFixedIncomeGlobalOpportunities FundFuture Of Transport FundGlobal Allocation FundGlobal Corporate Bond FundGlobal Dynamic Equity FundNet derivative exposure(% of Net AssetValue)up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%Global Equity Income FundGlobal Government Bond FundGlobal High Yield Bond FundGlobal Inflation Linked Bond FundGlobal Long-Horizon Equity FundGlobal Multi-Asset Income FundIndia FundJapan Flexible Equity FundJapanSmall&MidCapOpportunities FundLatin American FundNatural Resources Growth &Income FundNext Generation Technology FundNutrition FundSustainable Energy FundSwissSmall&MidCapOpportunities FundSystematicChinaA-ShareOpportunities FundSystematic Global Equity HighIncome FundSystematic Global SmallCap FundUnited Kingdom FundUS Basic Value FundUS Dollar Bond Fundup to 50%up to 50%up to 50%up to 50%up to 50%up to 50%may be more than100%up to 50%up to 50%up to 50%up to 50%may be more than100%may be more than100%may be more than100%up to 50%up to 50%may be more than100%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%may be more than100%up to 50%up to 50%may be more than100%up to 50%US Dollar High Yield Bond FundUS Dollar Reserve FundUS Dollar Short Duration BondFundUS Flexible Equity FundUS Government Mortgage ImpactFundUS Growth FundUS Small & MidCap OpportunitiesFundWorld Bond FundWorld Energy FundWorld Financials FundWorld Gold FundWorld Healthscience FundWorld Mining FundWorld Real Estate Securities FundWorld Technology FundNet derivative exposure(% of Net AssetValue)up to 50%may be more than100%up to 50%may be more than100%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%may be more than100%up to 50%up to 50%may be more than100%up to 50%may be more than100%up to 50%up to 50%may be more than100%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%up to 50%3NM0422U-2106382-10/212

Please refer to the sub-section headed “FDI Risks applicable to the Relevant Funds” under the section headed “Additional Risk Considerations” below for the risks associated with the use of FDI extensively for investment purposes.ADDITIONAL INFORMATION

Prospectus BlackRock Global Funds FEBRUARY 2022 BlackRock Global Funds Prospectus FEBRUARY 2022 NM0422U-2106382-1/212