We no longer support this browser. Using a supported browser will provide a better experience.

Please update your browser.

Close browser message

Please Read Important Disclaimers

This disclaimer contains the following subsections:

For purposes of this page “J.P. Morgan” refers to JPMorgan Chase & Co. and/or any of its affiliates that issue, offer of sell structured products

 


a. Broker-Dealer Use Only

This website is for discussion purposes among registered broker-dealers only and is not intended to be an offer to sell or a solicitation of an offer to buy any securities or certificates of deposit issued by J.P. Morgan or any of its affiliates.  This website is not designed for use by registered broker-dealers acquiring securities or certificates of deposit for accounts as to which it exercises investment discretion.


b. Disclaimer for Certificates of Deposit

The information contained on this website is for discussion purposes only.  Any information relating to performance contained on this website is illustrative and no assurance is given that any indicative returns, performance or results, whether historical or hypothetical, will be achieved.  Any CD terms set forth on this website are subject to change, and JPMorgan Chase Bank, National Association undertakes no duty to update this information.  Any CD terms set forth on this website shall be amended, superseded and replaced in its entirety by a subsequent term sheet and/or disclosure supplement and the documents referred to therein.  In the event any inconsistency between the information presented herein and any such term sheet and/or disclosure supplement, such term sheet and/or disclosure supplement shall govern.


c. Disclaimer for Regulation S Securities

With regard to any distribution, you acknowledge and confirm that:

  • The securities have not been and will not be registered under the U. S. Securities Act of 1933, as amended (the "Securities Act") and are offered in reliance on an exemption from the registration requirements under the Securities Act.  The securities may not be offered or sold within the United States or to or for the account or benefit of U.S. persons.  You represent that you have offered and sold the securities and will offer and sell the securities only in accordance with Rule 903 of Regulation S under the Securities Act (“Regulation S”).  Accordingly, you agree that neither you, nor your affiliates nor any persons acting on behalf of you or your affiliates has engaged or will engage in any directed selling efforts with respect to the securities, and you and they have complied and will comply with the offering restrictions requirement of Regulation S.  You agree that, at or prior to the confirmation of sale of the securities, you will have sent to any person receiving a selling concession, fee or other remuneration that purchases the securities a confirmation or notice substantially to the following effect:

“The securities covered hereby have not been registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons at any time.  Terms used above have the meanings given to them by Regulation S.”

Terms used in this paragraph have the meanings given to them by Regulation S.

  • (i) you will not market, offer or sell the securities to a U.S. person; and (ii) all offers and sales will be "offshore transactions" as such term is defined under Regulation S.

d. Past performance is not indicative of future returns.

The performance information on this website has been presented as of a particular date and time.  This information will not reflect subsequent changes in factors that will impact the performance of J.P. Morgan-issued products at a later time or at maturity.  Accordingly, the performance metrics on this website should not be considered an indication of likely or possible future returns on J.P. Morgan-issued securities or certificates of deposit.


e. Limitations on indicative secondary market prices.

The indicative pricing terms contained on this website are for discussion purposes only and are not binding prices. These indicative price quotations have been prepared as of a particular date and time and will therefore not reflect subsequent changes in market values or prices or in any other factors relevant to their determination. J.P. Morgan Securities LLC (“JPMS”) undertakes no duty to update these indicative pricing terms.  There is no assurance that you will be able to buy the subject products at any particular time or price.  JPMS may cease making any indicative price quotation at any time without notice. 

You should also note that any request for a bid or offer price for a larger notional amount of the subject security or for a non-round lot would likely result in a different indicative price to reflect such factors as hedging and transaction costs, credit considerations and market liquidity.

This information is communicated by JPMS and its affiliates.  JPMS, its related companies, and its clients may, from time to time as principal or as agent, have long or short positions in, or may buy or sell, any securities, currencies, commodities or financial instruments underlying the transaction to which these indicative price quotations relate.  JPMS’s trading and/or hedging activities related to such positions may have an impact on the price of the underlying asset.

The indicative price quotations shall not constitute a recommendation or solicitation to conclude a transaction at the level or spot price stated and shall not be treated as giving investment advice.  JPMS has not acted in any advisory capacity in connection with providing the indicative price quotations. 

JPMS is a member of FINRA and SIPC.


f. Tax, Suitability, Research and other risks

IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with J.P. Morgan of any of the matters address herein or for the purpose of avoiding U.S. tax-related penalties.

Investment suitability must be determined individually for each investor, and the financial instruments described herein may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisors as to these matters.

The information on this website is not a product of the J.P. Morgan Research Department.

Investments in structured products require investors to assess several characteristics and risk factors that may not be present in other types of transactions. In reaching a determination as to the appropriateness of any proposed transaction, clients should undertake a thorough independent review of the legal, regulatory, credit, tax, accounting and economic consequences of such transaction in relation to their particular circumstances.


g. Non-J.P. Morgan market data and non-J.P. Morgan product performance calculations

This website contains market data, performance calculations and other information from various sources other than us and our affiliates, and, accordingly, we make no representation or warranty as to the accuracy or completeness of this market data, these performance calculations and other information. All of this information is subject to change without notice.


h. Hypothetical Returns at Maturity Only

The hypothetical returns and hypothetical payments on the securities or certificates of deposit shown on this website apply only if you hold the products for their entire term.  These hypotheticals do not reflect the fees or expenses that would be associated with a sale in the secondary market.  If these expenses were included, the hypothetical returns and hypothetical payments shown on the website would likely be lower.

Each hypothetical return or hypothetical payment at maturity on this web site is for illustrative purposes only and may not be the actual return or payment at maturity applicable to a purchase of any securities or certificates of deposit.  Many of these calculations have been rounded for ease of analysis and only reflect a sub-set of possible returns.