Email and Instant Messaging disclosure

This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of JPMorgan Chase & Co., its subsidiaries and affiliates (collectively, “JPMC”).

This transmission may contain information that is proprietary, privileged, confidential, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by JPMC for any loss or damage arising in any way from its use. Please note that any electronic communication that is conducted within or through JPMC’s systems is subject to interception, monitoring, review, retention and external production; may be stored or otherwise processed in countries other than the country in which you are located; and will be treated in accordance with JPMC’s policies and applicable laws and regulations. Please refer to for disclosures relating to European legal entities.

Do not transmit orders, instructions or identifying information regarding your account(s) by Email or Instant Messaging. Action-oriented messages, transaction orders, fund transfer instructions or check stop payment instructions should not be transmitted by Email or Instant Messaging. J.P. Morgan Securities LLC cannot be held responsible for carrying out such orders and/or instructions.

To the extent that this message was prepared by personnel in the Sales and Trading Departments of one or more affiliates of JPMorgan Chase & Co, and is not the product of J.P. Morgan’s Research Department, it is not a research report and is not intended as such. This material is for the general information of our clients and is a “solicitation” only as that term is used within CFTC Rule 1.71 and 23.605 promulgated under the U.S. Commodity Exchange Act.
In response to Dodd-Frank related CFTC regulations, certain telephone lines within the Sales and Trading Departments may be recorded.
The information contained in this communication is being provided by J.P. Morgan Securities LLC (“J.P. Morgan”) in its capacity or in its attempt to be engaged as a principal in a commercial, arm’s length transaction. J.P. Morgan is not recommending an action to any municipal entity or obligated person. J.P. Morgan is not acting as an advisor to any municipal entity or obligated person and does not owe a fiduciary duty pursuant to Section 15B of the Exchange Act to any municipal entity or obligated person with respect to the information and material contained in this communication. J.P. Morgan is acting for its own interests. Any municipal entity or obligated person should discuss any information and material contained in this communication with any and all internal or external advisors and experts that the municipal entity or obligated person deems appropriate before acting on this information or material.
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