JPMORGAN CHASE & CO. - Irish Stock Exchange

TAXATION OF THE NOTES
Taxation
Except where specifically discussed below, the following summaries of certain taxation provisions in the United States
and Ireland do not consider the tax treatment of payments in respect of Notes linked or related to one or more Reference
Items. The taxation provisions applicable to such Notes may be different (and in some cases significantly different)
from those described in the summaries below.
The section headed “U.S. Holders” is relevant in relation to U.S. Holders acquiring Registered Notes and the section
headed “Non-U.S. Holder” is relevant in relation to Non-U.S. Holders acquiring Bearer Notes and Registered Notes.
Purchasers and/or sellers of Notes may be required to pay stamp taxes and other charges in accordance with the laws
and practices of the country of transfer or purchase in addition to the issue price or purchase price (if different) of the
Notes.
Transactions involving Notes (including purchases, transfer or redemption), the accrual or receipt of any interest
payable on the Notes and the death of a holder of any Note may have tax consequences for potential purchasers which
may depend, amongst other things, upon the tax status of the potential purchaser and may relate to stamp duty, stamp
duty reserve tax, income tax, corporation tax, capital gains tax and inheritance tax.
Condition 7 (on pages 61 to 62) should be considered carefully by all potential purchasers of Notes.
The provisions relating to payment of Delivery Expenses by the relevant Noteholder on physical delivery of the Asset
Amount(s) set out in Condition 6(l) (on pages 59 to 61) should be considered carefully by all potential purchasers of
Notes which may be redeemed by delivery of Asset Amount(s).
Potential purchasers who are in any doubt about their tax position on purchase, ownership or transfer of any Notes
should consult their own tax advisers.
United States Taxation
TO ENSURE COMPLIANCE WITH TREASURY DEPARTMENT CIRCULAR 230, HOLDERS ARE HEREBY
NOTIFIED THAT: (A) ANY DISCUSSION OF UNITED STATES FEDERAL TAX ISSUES IN THIS BASE
PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE RELIED UPON, AND CANNOT BE RELIED UPON,
BY HOLDERS FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED ON HOLDERS
UNDER THE UNITED STATES INTERNAL REVENUE CODE; (B) SUCH DISCUSSION IS INCLUDED HEREIN
BY THE ISSUER IN CONNECTION WITH THE PROMOTION OR MARKETING (WITHIN THE MEANING OF
CIRCULAR 230) BY THE ISSUER OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN; AND (C)
HOLDERS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN
INDEPENDENT TAX ADVISER.
The following is a summary of certain material U.S. federal income tax consequences of the acquisition, ownership and
disposition of Notes by a U.S. Holder and Non-U.S. Holder (each as defined below). This summary does not address
the material U.S. federal income tax consequences of every type of Note which may be issued under the Programme.
The relevant Final Terms or any Prospectus or series prospectus will contain additional or modified disclosure
concerning the material U.S. federal income tax consequences relevant to such type of Note as appropriate.
The summary is based on the tax laws of the United States including the United States Internal Revenue Code of 1986,
as amended, its legislative history, existing and proposed regulations thereunder, published rulings and court decisions,
all as of the date hereof and all subject to change at any time, possibly with retroactive effect.
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