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This message 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 J.P. Morgan.

This message 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 message in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format.

J.P. Morgan does not guarantee that communications transmitted electronically (sent or received) are secure, accurate or complete as information could be intercepted, tampered with, corrupted, lost, destroyed or delayed or could contain viruses. Although this message 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.

Electronic communications are not a reliable means of communicating with J.P. Morgan. As such, J.P. Morgan does not accept any responsibility for the contents of any electronic communication or  for any delays, inaccuracies or omissions in the receipt of your instructions or in the transmission of orders or other information to J.P. Morgan and disclaims all liability to the fullest extent permitted by applicable law for any loss or damage arising from any reliance on or use of this message in any way.  

Please note that any electronic communication that is conducted within or through J.P. Morgan’s systems is subject to 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 J.P. Morgan’s policies and applicable laws and regulations.

By messaging with J.P. Morgan, you understand and accept all risks associated with electronic communications.

For important disclosures in respect of messages prepared by J.P. Morgan Sales and Trading personnel, please see:

For disclosures relating to specific companies referenced in J.P. Morgan Research, please see:

J.P. Morgan is a marketing name for businesses of JPMorgan Chase & Co. and its subsidiaries and affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities and equity research businesses of JPMorgan Chase & Co. and its subsidiaries, conducted primarily through J.P. Morgan Securities plc. JPMorgan Chase Bank N.A. (authorized by the Office of the Comptroller of the Currency in the jurisdiction of the U.S.A. and in other jurisdictions worldwide through authorized branches registered with local authorities as appropriate), J.P. Morgan Securities LLC (member of FINRA, NYSE and SIPC) and J.P. Morgan Securities plc (member of the London Stock Exchange and authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority) are principal subsidiaries of JPMorgan Chase & Co.

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