080305_JPM Series Fix and Win ... - Börse Stuttgart

espect to the accuracy or completeness of any of the information in this Document. This Document is not
intended to provide the basis of any credit or other evaluation and should not be considered as a
recommendation by any of the Issuer, the Guarantor, the Arranger or the Dealer that any recipient of this
Document should purchase the Notes. Each potential purchaser of Notes should determine for himself the
relevance of the information contained in this Document and any purchase of Notes should be based upon such
investigation as such potential purchaser deems necessary. Neither the Dealer nor the Arranger undertakes to
review the financial condition or affairs of either of the Issuer or the Guarantor during the life of the
arrangements contemplated by this Document nor to advise any investor or potential investor in the Notes of any
information coming to the attention of the Dealer or the Arranger.
U.S. related Information
The Notes and the Guarantee have not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), or any state securities laws, and trading in the Notes has not been approved by
the U.S. Commodity Futures Trading Commission (the "CFTC") under the U.S. Commodity Exchange Act, as
amended (the "CEA"). The Notes that are subject to certain U.S. tax law requirements. Subject to certain
exceptions, Notes may not be offered, sold, pledged, assigned, delivered, transferred or redeemed at any time
within the United States or to, or for the account or benefit of, any U.S. Person. The term "U.S. Person" has the
meaning ascribed to it in either Regulation S under the Securities Act ("Regulation S") or the U.S. Internal
Revenue Code of 1986, as amended (the "Code"). The Notes are being offered and sold outside the United
States to non-U.S. Persons pursuant to the registration exemptions contained in Section 3(a)(2) of the Securities
Act and Regulation S and may not be legally or beneficially owned at any time by any U.S. Person.
The Notes have not been approved or disapproved by the U.S. Securities and Exchange Commission (the
"SEC"), any state securities commission in the United States, the CFTC, any U.S. federal or state banking
authority or any other U.S. regulatory authority nor has any of the foregoing authorities passed upon or endorsed
the merits of the offering of Notes or the accuracy or the adequacy of this Document. Any representation to the
contrary is a criminal offence in the United States. This Document does not constitute an offer of, or an
invitation by or on behalf of the Issuer, the Guarantor or the Dealer to subscribe for, or purchase, any Notes.
The Notes will be issued in compliance with U.S. Treas. Reg. §1.163-5(c)(2)(i)(D) (the "D Rules") unless the
Notes are issued in circumstances in which the Notes will not constitute "registration required obligations" for
U.S. federal income tax purposes, which circumstances will be referred to in the Terms and Conditions as a
transaction to which TEFRA is not applicable.
Each purchaser and transferee of a Note will be deemed to have represented by its purchase or receipt of the
Note that, at the time of purchase or receipt, and throughout the period that it holds the Note, it is not an
employee benefit plan subject to the U.S. Employee Retirement Income Security Act of 1974 , a plan subject to
section 4975 of the Code, or any entity whose assets are treated as assets of any such employee benefit plan or
plan.
Jersey related Information
The investments described in this Document do not constitute a collective investment fund for the
purpose of the Collective Investment Funds (Jersey) Law 1988, as amended. They are investment
products designed for financially sophisticated investors with specialist knowledge of, and experience of
investing in, such investments, who are capable of fully evaluating the risks involved in making such
investments and who have an asset base sufficiently substantial as to enable them to sustain any loss that
they might suffer as a result of making such investments. These investments are not regarded by the
Jersey Financial Services Commission as suitable investments for any other type of investor.
Any individual intending to invest in any investment described in this Document should consult his or her
professional adviser and ensure that he or she fully understands all the risks associated with making such
an investment and has sufficient financial resources to sustain any loss that may arise from it.
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