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Email material disclaimer

Material disclaimer

This material (being either trade ideas, sales information, market commentary, market data and observations or the like) (Material) is written by the specific trading area indicated in the e-mail for distribution to J.P. Morgan’s clients only. It may not be forwarded to non-institutional clients. In the UK and other EEA countries, this Material is not available for distribution to persons regarded as private customers (or equivalent) in their home jurisdiction. It is not a product of J.P. Morgan’s research department. Opinions expressed herein are solely those of the individual author and may differ from the views or opinions expressed by other areas of J.P. Morgan, including the research department and its affiliates.  The Material is provided for your information only and does not constitute: (i) research or a product of the J.P. Morgan research department, (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation for any investment product or strategy, or (iii) any investment, legal or tax advice. You are solely responsible for deciding whether any investment product or strategy is appropriate for you based upon your investment goals, financial situation and tolerance for risk.

Transactions involving securities and financial instruments mentioned herein (including futures and options) may not be suitable for all investors. Because of the importance of tax considerations to many option transactions, investors considering options should consult with their tax advisor as to how taxes affect the outcome of contemplated option transactions. For further information on the risks involved with various option strategies, please consult the Options Clearing Corporations Characteristics and Risks of Standardized Options. The document can be viewed at: http://www.theocc.com/about/publications/character-risks.jsp.

J.P. Morgan disclaims all representations and warranties in the information contained in this Material, whether express or implied, including, without limitation, any warranty of satisfactory quality, completeness, accuracy, fitness for a particular purpose or non-infringement. The information contained herein is as of the date and time referenced in the Material and J.P. Morgan does not undertake any obligation to update such information. All content, data, statements and other information are not warranted as to completeness or accuracy and are subject to change without notice. J.P. Morgan disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for the quality, accuracy or completeness of the information contained in this Material, and for any reliance on, or uses to which, this Material, is put, and you are solely responsible for any use to which you put such information. Without limiting any of the foregoing, to the fullest extent permitted by applicable law, in no event shall J.P. Morgan have any liability for any special, punitive, indirect, or consequential damages (including lost profits or lost opportunity), in connection with the information contained in this Material, even if notified of the possibility of such damages. J.P. Morgan and its affiliates may have positions (long or short), effect transactions or make markets in securities or financial instruments mentioned herein (or options with respect thereto), or provide advice or loans to or participate in the underwriting or restructuring of the obligations of, issuers mentioned herein. This Material is proprietary and confidential to J.P. Morgan. Any comments or statements made herein do not necessarily reflect those of J.P. Morgan, its subsidiaries or its affiliates. Clients should contact their salespersons at, and execute transactions through, a J.P. Morgan entity qualified in their home jurisdiction unless governing law permits otherwise. Any unauthorized use, dissemination, distribution or copying of this Material, in whole or in part, is strictly prohibited.

Derivatives Research Disclosure
This message has been prepared by personnel in the sales and trading departments of one or more affiliates of J.P. Morgan 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.

Telephone Recording Disclosure
As part of our compliance with applicable laws and regulations, certain telephone lines in our sales and trading departments will be recorded. Please note that these recordings may be made with or without the use of a spoken warning, tone, or similar notification.

© 2014 JPMorgan Chase & Co. All rights reserved. J.P. Morgan is the global brand name for 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. Execution services are offered through J.P. Morgan Securities LLC (member of FINRA, NYSE and SIPC), J.P. Morgan Securities plc (a 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. Registered in England & Wales No. 2711006. Registered Office: 25 Bank Street, Canary Wharf, London E14 5JP), J.P. Morgan Securities (Asia Pacific) Limited (CE number AAJ321) (regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission in Hong Kong), and other investment banking affiliates and subsidiaries of J.P. Morgan in other jurisdictions worldwide and registered with local authorities as appropriate. Please consult http://www.jpmorgan.com/pages/jpmorgan/investbk/global for more information.


Copyright © 2014 JPMorgan Chase & Co. All rights reserved.