J.P. Morgan is a marketing name for investment businesses of JPMorgan Chase & Co. and its subsidiaries and affiliates worldwide. Bank products and services, including certain lending, derivative and other commercial banking activities, are offered by JPMorgan Chase Bank N.A. (JPMCB), including through its authorized branches and other global affiliates registered with local authorities as appropriate. Securities products and services, including execution services, are offered in the United States and in other jurisdictions worldwide by J.P. Morgan Securities LLC (JPMS LLC), in EMEA by J.P. Morgan Securities plc (JPMS plc), J.P. Morgan SE (JPMSE) and by other appropriately licensed global affiliates. JPMCB, JPMS LLC and JPMS plc are principal subsidiaries of JPMorgan Chase & Co.

JPMS LLC and JPMS plc are investment banking affiliates of JPMCB. Investment products offered by investment banking affiliates: Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value.

In the United States:

JPMCB (member of Federal Deposit Insurance Corporation (FDIC)), a national banking association organized under the laws of the United States with limited liability, is authorized by the Office of the Comptroller of the Currency, and is also subject to the supervision and regulation of the Board of Governors of the Federal Reserve System and the FDIC, each in the United States of America.

JPMS LLC is registered as a futures commission merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC), a member in good standing with the National Futures Association (NFA), provisionally registered as a swap dealer with the CFTC, registered both as a broker-dealer and as an investment advisor with the U.S. Securities and Exchange Commission (SEC) and a member in good standing with the Financial Industry Regulatory Authority (FINRA), several exchanges (including the New York Stock Exchange NYSE)) and the Securities Investor Protection Corporation (SIPC).

Securities Transactions:

JPMS LLC intermediates securities transactions effected by its non-U.S. affiliates for or with its U.S. clients when appropriate and in accordance with Rule 15a-6 under the Securities Exchange Act of 1934.

OTC Equity Derivative Transactions:

If you interact with any employee of JPMS LLC with respect to any Covered Transaction, as defined below, you are hereby notified that such employee will act solely as an authorized representative of JPMCB in connection with such Covered Transaction, and not as a representative of JPMS LLC in connection with such Covered Transaction. In connection with cash transactions in equity securities or listed equity options, such employee will continue to act as a representative of JPMS LLC.

By executing a Covered Transaction, you will be deemed to have agreed with JPMS LLC and JPMCB that, with respect to any documentation applicable to a Covered Transaction (including, for the avoidance of doubt, any trade confirmation or master confirmation agreements relating to Covered Transactions), any “role of agent” provisions or similar provisions or notations related to JPMS representing, acting on behalf of, or signing on behalf of JPMCB in connection with such Covered Transaction, if contained in such trade documentation, shall be deemed to be deleted, and JPMCB will be deemed to act directly for its own account thereunder.

“Covered Transaction” means any over-the-counter equity derivative transactions entered into by you and JPMCB as principal that constitutes a “security” under applicable U.S. securities regulations, other than (i) any such product that constitutes a “security-based swap” or “mixed swap” (as defined in the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules and regulations promulgated thereunder) or (ii) any listed equity options or cash transactions related to equity securities.”


JPMS plc (member of the London Stock Exchange) is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA.

J.P. Morgan Chase Bank, N.A. a its London Branch is a bank authorised and subject to supervision and regulation by the Office of the Comptroller of the Currency, and is also supervised and regulated with respect to certain matters by the Board of Governors of the Federal Reserve System, each in the jurisdiction of the United States of America. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and to limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. (Firm Reference Number: 124491).

J.P. Morgan SE is authorised as a credit institution by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - "BaFin"), Marie-Curie-Straße 24-28, 60439 Frankfurt am Main, and is jointly supervised by the BaFin, the German Central Bank ("Bundesbank"), Taunusanlage 5, 60329 Frankfurt am Main, and the European Central Bank ("ECB"), Sonnemannstraße 20, 60314 Frankfurt am Main.

J.P. Morgan Dublin Public limited company is regulated by the Central Bank of Ireland.

For additional information on EMEA legal entities, please consult: https://www.jpmorgan.com/pages/disclosures/legal-entity-information.


J.P. Morgan Securities (Asia Pacific) Limited is regulated by the Hong Kong Monetary Authority as an Authorized Institution and by the Hong Kong Securities and Futures Commission as a Registered Institution.

JPMorgan Securities Japan Co., Ltd. is regulated by the Financial Services Agency in Japan.

J.P. Morgan Securities Australia Limited is regulated by the Australian Securities and Investment Commission, and is also registered as an overseas company and Financial Service Provider in New Zealand.

J.P. Morgan Securities (China) Company Limited is regulated by the China Securities Regulatory Commission.

For important Singapore disclosures and additional information on APAC legal: https://www.jpmorgan.com/pages/disclosures/apac-legal-entity-information.

In Brazil:

Banco J.P. Morgan S.A., J.P. Morgan Corretora de Câmbio e Valores Mobiliários S.A., J.P. Morgan S.A. Distribuidora de Títulos e Valores Mobiliários and JPMorgan Chase Bank, National Association (Brazilian Branch) are under the Brazilian Central Bank (“BCB”) Resolution number 4.433/2015, which requires all financial institutions to provide their clients with an Ombudsman channel of communication. J.P. Morgan Ombudsman: 0800-7700847. E-mail: ouvidoria.jp.morgan@jpmorgan.com.

In Canada:

J.P. Morgan Securities Canada Inc. is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), a member of the Canadian Investor Protection Fund (CIPF) and a member of Canadian Marketplaces.