JPMORGAN CHASE & CO. - Irish Stock Exchange

For purposes of determining the amount of OID subject to these rules, all interest payments on a Short- Term Registered
Note are included in the Short-Term Registered Note's stated redemption price at maturity. A U.S. Holder may elect to
determine OID on a Short-Term Registered Note as if the Short-Term Registered Note had been originally issued to the
U.S. Holder at the U.S. Holder's purchase price for the Short-Term Registered Note. This election shall apply to all
obligations with a maturity of one year or less acquired by the U.S. Holder on or after the first day of the first taxable
year to which the election applies, and may not be revoked without the consent of the IRS.
Contingent Payment Debt Instruments
Certain Series or Tranches of Registered Notes may be treated as contingent payment debt instruments ("Contingent
Registered Notes") for U.S. federal income tax purposes. Under applicable U.S. Treasury regulations, interest on the
Contingent Registered Notes will be treated as OID and must be accrued on a constant-yield basis based on a yield to
maturity that reflects the rate at which the Issuer would issue a comparable fixed-rate non-exchangeable instrument (the
"comparable yield"), in accordance with a projected payment schedule. This projected payment schedule must include
each non-contingent payment on the Contingent Registered Note and an estimated amount for each contingent payment,
and must produce the comparable yield. Interest inclusions will be adjusted upward and downward to reflect the
difference, if any, between the actual payments received and the projected amount of such payments on the Contingent
Registered Notes under the projected payment schedule. Special rules apply to the sale or other disposition of a
Contingent Registered Note. See "Purchase, Sale and Retirement of Notes" below. The relevant Final Terms or any
Prospectus or series prospectus will indicate the Issuer's intention to treat a particular Series or Tranche of Notes as
Contingent Registered Notes.
The Issuer is required to provide to holders, solely for U.S. federal income tax purposes, a schedule of the projected
amounts of payments on Contingent Registered Notes. This schedule must produce the comparable yield. The
applicable Final Terms or any Prospectus or series prospectus may contain the comparable yield and projected payment
schedule; otherwise a U.S. Holder of a Contingent Registered Note can submit a written request for the schedule to the
attention of Head of FIDM, J.P. Morgan Securities Inc., 270 Park Avenue, New York, New York 10017, unless the
applicable Final Terms or any Prospectus or series prospectus provides a different address for submitting requests for
this information.
THE COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE WILL NOT BE DETERMINED FOR
ANY PURPOSE OTHER THAN FOR THE DETERMINATION OF INTEREST ACCRUALS AND ADJUSTMENTS
THEREOF IN RESPECT OF CONTINGENT REGISTERED NOTES FOR UNITED STATES FEDERAL INCOME
TAX PURPOSES AND WILL NOT CONSTITUTE A PROJECTION OR REPRESENTATION REGARDING THE
ACTUAL AMOUNTS PAYABLE TO THE HOLDERS OF THE REGISTERED NOTES.
The use of the comparable yield and the calculation of the projected payment schedule will be based upon a number of
assumptions and estimates and will not be a prediction, representation or guarantee of the actual amounts of interest that
may be paid to a U.S. Holder or the actual yield of the Contingent Registered Notes. A U.S. Holder will generally be
bound by the comparable yield and the projected payment schedule determined by the Issuer unless the U.S. Holder
determines its own comparable yield and projected payment schedule and explicitly discloses such schedule to the IRS,
and explains to the IRS the reason for preparing its own schedule. The Issuer's determination, however, is not binding
on the IRS, and it is possible that the IRS could conclude that some other comparable yield or projected payment
schedule should be used instead.
A U.S. Holder of a Contingent Registered Note will generally be required to include OID in income pursuant to the
rules discussed in the third paragraph under "Original Issue Discount – General," above. For these purposes, the
"adjusted issue price" of a Contingent Registered Note at the beginning of any accrual period is the issue price of the
Note increased by the amount of accrued OID for each prior accrual period, and decreased by the projected amount of
any payments made on the Note. No additional income will be recognised upon the receipt of payments of stated interest
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