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

Negative Pledge/Cross Default The Notes will not contain a negative pledge or a
cross default provision.
Rating The Notes are unrated.
Withholding Tax All payments of principal of and interest, if any, on
the Notes will be made without deduction or
withholding for or on account of any present or future
tax, assessment or other governmental charge, of
whatever nature, imposed or levied by or within
Jersey or the United States or by or within any
political subdivision or taxing authority thereof or
therein, except as required by law. In that case, the
Issuer or the Guarantor will, subject to certain
limitations and exceptions set forth in the Terms and
Conditions, pay to a Noteholder who is a United
States Alien (in the case of United States-related
taxes) or a person who is not a Jersey Tax Resident (in
the case of Jersey taxes), such additional amounts as
may be necessary so that every net payment by the
Issuer or the Guarantor or any of their Paying Agents
of principal or interest with respect to the Notes after
deduction or withholding for or on account of any
present or future tax, assessment or other
governmental charge imposed upon such Noteholder,
or as a result of such payment of tax imposed or levied
by or within the United States or Jersey (or any
political subdivision or taxing authority thereof or
therein) will not be less than the amount provided for
in such Notes to be then due and payable.
Governing law: The Notes are governed by the laws of the Federal
Republic of Germany. The Guarantee is governed by
New York State law.
Listing and admission to trading The Notes will not be listed. Application will be made
for the Notes to be traded on the open market
(Freiverkehr) of the Stuttgart Stock Exchange
(Euwax) and application will be made for the Notes to
be traded on the open market (Freiverkehr) of the
Frankfurt Stock Exchange. No assurances can be
given that such application will be approved (or if
approved, will be approved on or before the Issue
Date).
Other admission to trading N.A.
A09110530 AF 65