Commercial Banking Legal Disclaimer

Chase, J.P. Morgan and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its subsidiaries worldwide (collectively, "JPMC") and if and as used herein may include as applicable employees or officers of any or all of such entities irrespective of the marketing name used. Products and services may be provided by commercial bank affiliates, securities affiliates or other JPMC affiliates or entities. In particular, securities brokerage services other than those which can be provided by commercial bank affiliates under applicable law will be provided by registered broker/dealer affiliates such as J.P. Morgan Securities LLC, J.P. Morgan Institutional Investments Inc. or by such other affiliates as may be appropriate to provide such services under applicable law. Such securities including mutual funds) are not deposits or other obligations of any such commercial bank, are not guaranteed by any such commercial bank and are not insured by the Federal Deposit Insurance Corporation.  Any investment product including securities includes investment risk, including the possible loss of the principal amount invested.

Your JPMC contacts may be employees of any JPMC affiliate. The information herein is not an offer to sell, or solicit an offer to purchase, any securities by anyone in any jurisdiction in which such offer or solicitation is not authorized, or in which JPMC or the person making such an offer is not qualified to do so, or to anyone to whom it is unlawful to make such an offer or solicitation, or to anyone in any jurisdiction outside of the United States.

Insurance and annuity products are provided by various insurance companies and may be offered through certain licensed insurance agency non-JPMC affiliates. The purchase of any insurance or annuity product is not a condition of any loan or other credit, service or product of any JPMC entity. Insurance and annuity products are not bank deposits, are not FDIC-insured, are not obligations of or guaranteed by any JPMC entity and are not available in all states.

Certain financial products and services are required by law to be provided only by licensed representatives and affiliates. Inquiries regarding such products and services will be referred to a licensed representative or a licensed affiliate.

Content and discussion are provided for informational purposes only, and do not constitute any commitment by JPMC or any affiliate to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other product or service. For accounting, tax, legal, and business advice, you should consult your professional advisors.

JPMorgan Chase & Co., its affiliates, and employees do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal and accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transaction.

JPMorgan Chase Bank, N.A. strictly prohibits the use of any account to conduct transactions (including, without limitation, the acceptance or receipt of credit or other receipt of funds through an electronic funds transfer, or by check, draft or similar instrument, or the proceeds of any of the foregoing) that are related, directly or indirectly, to unlawful Internet gambling. The term "unlawful Internet gambling," as used in this Notice, shall have its meaning set forth in 12 C.F.R. Section Part 233, Section 132.2(bb). Any person or entity using JPMC products or services agrees not to conduct any transactions through the account that directly or indirectly involve or are related to unlawful Internet gambling, including, without limitation, the acceptance or receipt of any funds or deposits in connection therewith.

Except as otherwise noted, this portion of the JPMC website is directed at, and made available to, business entities in the United States only. Products and services provided outside of the United States may be provided either by a foreign branch of JPMorgan Chase Bank, N.A. or another JPMC affiliate, and are subject to compliance with applicable local and other laws.

Changes to Interbank Offered Rates (IBORs) and other benchmark rates: Certain interest rate benchmarks are, or may in the future become, subject to ongoing international, national and other regulatory guidance, reform and proposals for reform.  For more information, please consult: