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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 (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

J.P. Morgan Private Bank is the marketing name for the private banking business conducted by JPMorgan Chase Bank N.A. and its affiliates worldwide. This material is intended to inform you of products and services offered by J.P. Morgan's wealth management businesses of JPMorgan Chase & Co. Bank products and services are offered by JPMorgan Chase Bank, N.A. and its affiliates. Securities products and services are offered by J.P. Morgan Securities LLC, member NYSE, FINRA, and SIPC. J.P. Morgan Securities LLC is an affiliate of JPMorgan Chase Bank, N.A. and other affiliates globally as local legislation permits.

This material is approved for issue in the UK by J.P. Morgan International Bank Limited, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. JPMorgan Chase Bank, N.A Paris branch is regulated in France by the French Autorité de Contrôle Prudentiel (ACP) and Autorité des Marchés Financiers (AMF). J.P. Morgan (Suisse) SA is regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA). This material is distributed in Hong Kong by JPMCB, Hong Kong branch, which is regulated by the Hong Kong Monetary Authority. This material is distributed in Singapore by JPMCB, Singapore Branch which is regulated by the Monetary Authority of Singapore.

In Hong Kong, this material is distributed by JPMCB Hong Kong branch except where recipients have an account at JPMCB Singapore branch and where this material relates to a Collective Investment Scheme (other than private funds such as private equity and hedge funds) in which case it is distributed by J.P. Morgan Securities (Asia Pacific) Limited (JPMSAPL).  Both JPMCB Hong Kong branch and JPMSAPL are regulated by the Hong Kong Monetary Authority. In Singapore, this material is distributed by JPMCB Singapore branch except to recipients have an account at JPMCB Singapore branch and where this material relates to a Collective Investment Scheme (other than private funds such as a private equity and hedge funds) in which case it is distributed by J.P. Morgan (S.E.A.) Limited (JPMSEAL).  Both JPMCB Singapore branch and JPMSEAL are regulated by the Monetary Authority of Singapore.

This is not intended as an offer or solicitation for the purchase or sale of any financial instrument. If reference is made to a product or service offered by J.P. Morgan broker-dealers, the obligations and the securities sold, offered or recommended are not deposits and are not insured by the FDIC, the Federal Reserve Board or any other governmental agency. J.P. Morgan broker-dealers are not banks and are separate legal entities from their bank affiliates. The obligations of the broker-dealers are not obligations of their bank or thrift affiliates (unless explicitly stated otherwise), and these affiliates are not responsible for securities sold, offered or recommended by the broker-dealers. The foregoing also applies to our other non-bank, non-thrift affiliates. FDIC insurance and domestic deposit preference are not applicable to deposits or other obligations of our bank branches or banking affiliates outside the United States.

JPMorgan Chase & Co. and its subsidiaries do not render accounting, legal or tax advice. Estate planning requires legal assistance. Consult with your independent advisors concerning such matters.

Products may not be suitable for all individual investors. Contact your J.P. Morgan representative for more information regarding specific product offerings. Additional information is available upon request.

Past performance is no guarantee of future results.

Investment products: Not FDIC insured • No bank guarantee • May lose value

© 2013 JPMorgan Chase & Co.

 
 
 

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