Epstein Secrets

bsidiaries. Bank products and services are offered by JPMorgan Chase Bank. N.A. and its affiliates. Securities products and services are offered by J.P. Morgan Securities LLC. member NYSE. FINRA and SIPC. J.P. Morgan Securities LLC is an affiliate of JPMorgan Chase Bank. N.A. and other affiliates globally as local legisl

al Gov Bonds" JPM Global HY EM Local Bonds" Brent EM $ Corp iBoxx Euro Corps S&P500 US Cash FTSE 100 -4% • EM FX -4% • MSCI Europe -11% Hang Seng -15% Topix -15% rrrrr - MSCI EM $ -16% rrrrr - Brazil Bovespa -17% Corn -20% -40% -20% 0% 20% 40% Source: J.P. Morgan, Bloomberg. Returns

acy of research, client feedback, competitive factors, and overall firm revenues. Other Disclosures J.P. Morgan (1PM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. I.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities an

30.9% MSCI Efil 5' 995 12.2% Financials 25.6% 24.2% 23.0% 16.8% Brazil Bovespa 58383 2.6% Information Tech 15.6% 16.1% -5.2% 19.3% Hang Seng 22111 22.7% Telecommunicabons 21.9% -3.4% -1.3% 12.2% Shanghai SE 2117 -4.2% Uttities 4.7% 8.2% -204% 5.2% 'Levels/returns as of Nov

e 18.4% 15.5% 15.0% 30.9% MSCI EM $* oo5 12.2% Financials 25.6% 24.2% 23.0% 16.8% Brazil Bovespa 58383 2.6% Information Tech. 15.6% 16.1% -5.2% 19.3% Hang Seng 22111 22.1% Telecommunications 21.9% -3.4% -1.3% 12.2% Shanghai SE 2117 42% Utilities 47% 8.2% -20.4% 5.2% *Levels/returns as of Nov 08, 2012 Overall

cy of research, client feedback, competitive factors, and overall firm revenues. Other Disclosures J.P. Morgan ("JPM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities and