JPMORGAN CHASE & CO. - Irish Stock Exchange

(iv)
(v)
understand thoroughly the terms of the relevant Notes and be familiar with the behaviour of any relevant
indices and financial markets; and
be able to evaluate (either alone or with the help of a financial adviser) possible scenarios for economic,
interest rate and other factors that may affect its investment and its ability to bear the applicable risks.
Some Notes are complex financial instruments and such instruments may be purchased as a way for potential investors
to reduce risk or enhance yield with an understood, measured, appropriate addition of risk to their overall portfolios. A
potential investor should not invest in Notes that are complex financial instruments unless it has the expertise (either
alone or with the help of a financial adviser) to evaluate how the Notes will perform under changing conditions, the
resulting effects on the value of such Notes and the impact this investment will have on the potential investor's overall
investment portfolio.
Risks Related to the Structure of a Particular Issue of Notes
Notes linked to a Reference Item
An investment in Notes linked to one or more underlying assets or indices (such assets or indices being referred to as
“Reference Items” and such Notes being referred to as “Reference Notes”) may entail significant risks not associated
with investments in a conventional debt security, including the risks set out below. The amount paid by the Issuer on
redemption of the Notes may be less than the principal amount of the Notes together with any accrued interest and may
in certain circumstances be zero. Where the Notes are redeemed by the Issuer by delivery of Reference Item(s) the
value of the Reference Item(s) may be less than the principal amount of the Notes together with any accrued interest and
may in certain circumstances be valueless.
A wide range of Notes may be issued under the Programme. Some of these Notes may have features that contain
particular risks for potential investors. Set out below is a description of certain such features:
Credit Linked Notes
In the event of the occurrence of certain circumstances specified in the applicable Final Terms the Issuer’s obligation to
pay principal may be replaced by an obligation to pay other amounts calculated by reference to the value of the
Reference Item(s) and/or to deliver the Reference Item(s). In addition interest bearing Credit Linked Notes may cease
to bear interest on or prior to the date of occurrence of such circumstances. The value, redemption amount and return to
an investor in respect of such Notes may be dramatically affected by such credit linkage and/or the occurrence of a
Credit Event in respect of any applicable Reference Item.
There may exist at times only small markets for the Notes and for the obligations of the Reference Item to which the
Notes are linked, resulting in low or non-existent volumes of trading in the Notes and such obligations, and therefore a
lack of liquidity and price volatility of the Notes and such obligations.
In making any selection in accordance with the terms of the Notes, the Calculation Agent is under no obligation to the
Noteholders or any other person and provided that the relevant selection meets the criteria specified, the Calculation
Agent will not be liable to account to the Noteholders or any other person for any profit or other benefit to it or any of
its affiliates which may result directly or indirectly from any such selection.
In addition, the Issuer and its affiliates may, for their own account and for the account of customers, engage in any kind
of transactions and other business directly or indirectly involving a Reference Item and may act with respect to such
business in the same manner as it would if the Notes had not been issued, regardless of whether any such action might
have an adverse effect directly or indirectly on a Reference Item. The Issuer and its affiliates may on the Issue Date of
the Notes or at any time thereafter be in possession of information in relation to a Reference Item that is or may be
material in the context of the issue of Notes and that may not be publicly available or known to the purchasers. There is
no obligation on the part of the Issuer or its affiliates to disclose to the Noteholders any such relationship or information.
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