5
Shared Docs
5
Same-Page
5 / 5
Mentions
egulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London. El4 SIP. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is reg
America Equity Research 12 June 2014 J.P.Morgan All research reports made available to clients arc simultaneously available on our client website, J.P. Morgan Markets. Not all research content is redistributed, c-mailed or made available to third-party aggregators. For all research reports available on a particula
egulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London, E14 5JP. EFTA_R1_00465454 EFTA01978407 Confidentiality and Security Notice: This transmission may contain information that is privileged
r lowest level since November 2008. We stay long GSCI energy. Click here fbr the hall Note and disclaimers. EFTA_R1_00465453 EFTA01978406 Visit J.P. Morgan Markets for more market-leading research and financial solutions across the full trade and investment lifecycle. If you no longer wish to receive these e-m
egulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London, El4 5JP. Confidentiality and Security Notice: This transmission may contain information that is privileged, confidential, legally privileg
k here for the full Note and disclaimers. Jan Loevs John Normand Nikolaos Panieirtzoalou Mika Inkinen Matthew Lehmann Nandini Srivastava Visit J.P. Morgan Markets for more market-leading research and financial solutions across the full trade and investment lifecycle. If you no longer wish to receive these e-m
egulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London. El4 SIP. South Africa: J. P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is re
ses of JPMorgan Chase & Co. and its subsidiaries. All research reports made available to clients arc simultaneously available on our client website, J.P. Morgan Markets. Not all research content is redistributed, c-mailed or made available to third-party aggregators. For all research reports available on a particula
egulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office 25 Bank Street, London. El4 SIP. South Africa: J.P. Morgan Equities South Africa Proprietary Limited is a member of the Johannesburg Securities Exchange and is reg
ses of JPMorgan Chase & Co. and its subsidiaries. All research reports made available to clients arc simultaneously available on our client website, J.P. Morgan Markets. Not all research content is redistributed, c-mailed or made available to third-party aggregators. For all research reports available on a particula
Entities connected to both Bank Street and J.P. Morgan Markets

JPMorgan Chase
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
New Zealand
LOCATIONthe Securities and Futures Commission
ORGANIZATIONEngland & Wales
LOCATIONJPMS plc's
ORGANIZATION
Malaysia
LOCATION
Philippines
LOCATION
Frankfurt
LOCATIONSecurities and Exchange Board of India
ORGANIZATIONHong Kong Limited
LOCATIONthe Prudential Regulation Authority
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATION
the Ministry of Finance
ORGANIZATIONthe Hong Kong
LOCATIONCapital Markets Services License
ORGANIZATIONthe Karachi Stock Exchange
ORGANIZATIONthe Financial Services Board
ORGANIZATIONDubai Branch
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATION