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skstoc.odf Legal Entitles Disclosures U.S.: JPMS is a member of NYSE. FINRA. SIPC and the NFA. JPMorgan Chase Bank, N.A. is a member of FDIC. U.K.: JPMorgan Chase N.A., London Branch, is authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and to limited
its registered address is at 8th Floor. Al-Faisaliyah Tower, King Fahad Road. P.O. Box 51907, Riyadh 11553, Kingdom of Saudi Arabia. Dubai: M./organ Chase Bank. N.A., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai International Financial Centre
or announcements, market conditions or any other publicly available information. Clients should contact analysts and execute transactions through a J.P. Morgan subsidiary or affiliate in their home jurisdiction unless governing law permits otherwise. "Other Disclosures" last revised April 5. 2014. Copyrigh
by visiting hiqn://jmitm.comIr earch/disclosures calling I-800-477-0406, or e-mailing research.disclosure.inauirieskilmnorean.com with your request. J.P. Morgan's Strategy, Technical, and Quantitative Research teams may screen companies not covered by J.P. Morgan. For important disclosures for these companies,
OW 72.67 85.00 18-0ec-13 OW 73.59 100.00 EFTA00300342 Coon Ktorerom North America Equity Research 22 May 2014 J.RMorgan The chart(s) show M. Morgan's continuing coverage of the stocks; the current analysts may or may not have covered it over the entire period. J.P. Morgan ratings or designations:
ion risk disclosure documents. For a copy of the Option Clcarin Co ration's Characteristics and Risks of Standardized Options. please contact your Morgan Representative or visit the OCC's website at Legal Entities Disclosures U.S.: JPMS is a member of NYSE, FINFtA, SIPC and the NFA. JPMorgan Chase Bank. M . is a
site at Legal Entities Disclosures U.S.: JPMS is a member of NYSE, FINFtA, SIPC and the NFA. JPMorgan Chase Bank. M . is a member of FDIC. U.K.: JPMorgan Chase M.. London Branch, is authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and to limited
ven in section 76ICi of the Corporations Act 2001. Germany: This material is distributed in Germany by Morgan Securities plc, Frankfurt Branch and Chase Bank. S. Frankfurt Branch which are regulated by the Bundesanstalt fir Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the p
erage universe. If it does not appear in the Ira runt Disclosures section of this report, the cettifying analyst's coverage universe can be found on M. Morgan's research website, Coverage Universe: Schott, Christopher: AbbVie (ABBV), Actavis plc (ACT), Allergan (AGN), Amarin Corporation (AMRN), Bristol-Mye
y-14 OW 57.11 64.00 4 EFTA00306886 Chris Schott. CFA North America Equity Research 1-21 622-5676 02 June 2014 J.P.Morgan The chart(s) show M. Morgan's continuing coverage of the stocks; the current analysts may or may not have covered it over the entire riot M. Morgan ratings or designations: OW -
ent Price ( FH 7. DtHerence (bp) EFH 480% 2017 vs. HYCCC source .4organ -225 -725 -1225 -1725 - -2225 -2725 ”1.1 at 3 O Dif lerence p J. P. Morgan EMS MP) Ho O. O. 11 a: a: cc cc . . a ;:a. AL 2~3Oa; gt g ; lc& $ A Avg Dill. —:EFH 7.4130% 2017 —HYCCC Difference (bp) EFH 10.875% 2017
disclosure documents. For a copy of the Option Clcarin Co • ration's Characteristics and Risks of Standardized Options. please contact your M . Morgan Representative or visit the OCC's website at Legal Entities Disclosures US.: JPMS is a member of NYSE, FINRA. SIPC and the NFA. JPMorgan Chase Bank, M . is a m
change Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, S . Singapore branch (JPMCB Singapore) which is regulated by the MAS. Malaysia: This material is issued and distributed in Malaysia by JPMorgan Securities (Malaysia) Sdn Bhd (18146-X) wh
), and Underwei ht (over the next three months, the recommended risk position is expected to underperform the relevant index, sector, or benchmark). M. Morgan's Emerging Market research uses a rating of Markenveight, which is equivalent to a Neutral rating. Valuation & Methodology: In M. Morgan's credit res
on risk disclosure documents. For a copy of the Option Clearing Co ration's Characteristics and Risks of Standardized Options. please contact your Morgan Representative or visit the OCC's website at Legal Entities Disclosures US.: JPMS is a member of NYSE, FINFtA, SIPC and the NFA. JPMorgan Chase Bank, M . is a
4 OW 57.11 64.00 10-Oct-14 OW 59.21 66.00 20-Jan-15 OW 63.03 68.00 21-Sep-15 OW 52.13 65.00 30-Sep-15 OW 49.39 66.00 The chart(s) show M. Morgan's continuing coverage of the stocks; the current analysts may or may not have covered it over the entire M. Morgan ratings or designations: OW Overwei
Entities connected to both JPMorgan Chase and M. Morgan's

Condoleezza Rice
PERSON
Morgan Stanley
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATION
Malaysia
LOCATION
Philippines
LOCATION
Frankfurt
LOCATION
New Zealand
LOCATIONthe Securities and Futures Commission
ORGANIZATION
the Ministry of Finance
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATION
Mumbai
LOCATIONBombay Stock Exchange Limited
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONEngland & Wales
LOCATIONJPMorgan Securities
ORGANIZATION