JPMorgan - KASE

Unrestricted Global Note, which will be deposited with a
common depositary for Euroclear and Clearstream,
Luxembourg. During an initial 40-day period, beneficial
interests in the Unrestricted Global Note must be held
through Euroclear or Clearstream, Luxembourg. Transfers of
beneficial interests between the Restricted Global Note and
the Unrestricted Global Note are subject to certification
requirements.
The notes will be issued only in fully registered form,
without coupons and in denominations of $10,000 and
multiples of $1,000 in excess thereof for notes sold outside
the United States in reliance on Regulation S and in
denominations of $10,000 and any higher multiples of
$1,000 in excess thereof for notes sold in the United States
in reliance on Rule 144A.
Transfer restrictions ...........
The notes have not been and will not be registered under
the Securities Act, under any applicable state securities laws
or under any applicable Canadian provincial securities laws
and are subject to restrictions on transfer. See “Transfer
Restrictions”.
Listing ........................
Wehave applied, through our listing agent, to list the notes
on the Luxembourg Stock Exchange and the Irish Stock
Exchange and intend to maintain one such listing. In
addition, we will apply to list the notes on the Kazakhstan
Stock Exchange.
Trustee ........................
J.P.MorganCorporateTrusteeServicesLimited.
Principal paying agent and
co-registrar ..................
JPMorganChase Bank, London branch.
New York paying agent and
registrar .................... JPMorganChase Bank, New York branch.
Luxembourg paying agent and
co-registrar ..................
J.P.MorganBank Luxembourg S.A.
Governing law ................
NewYork.
Risk factors ................... Prospective purchasers of the notes should carefully
consider all of the information set forth in this offering
memorandum and, in particular, the information set forth
under “Risk Factors” and “Transfer Restrictions” before
making an investment in the notes.
Selling restrictions ............
There are restrictions on persons that can be sold notes, and
on the distribution of this offering memorandum, as
described under “Plan of Distribution”.
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