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the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
the constitution, by-laws, customs and interpretations of the marketplace where executed and govemed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of trans
on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Mere J.P. Morgan was unable to obtain a price from an outside service for a particular Muni Auction Based Inverse Floaters ARS, the price column on your statement an
Entities connected to both the State of New York and Mere J.P. Morgan

JPMorgan Chase
ORGANIZATIONSecurities Investor Protection Corporation
ORGANIZATION
the Internal Revenue Service
ORGANIZATION
Ghislaine Maxwell
PERSONN.A. Positions
ORGANIZATIONMuni Auction
ORGANIZATION