2. HSBC BRL STEP UP NOTE 4/21/14 10/15/13 LNKD TO BRL VS USD 8S%BARRIER- S%CPN-28.5% IV(RTRN Best Regards, Janet Young 1,000,000.000 1,000,000.00 902,700.00 MD Janet E. voungl vice President I Private Bankl J.P. morgan I NMLS ID # 832072 - 500 Stanton Christiana Road, Newark DE 19713 T: I F: Alternate contacts: Gina magliocco and Jason Grosse' T: I F: To ensure a rom t res onse, please direct our re l to our team: T: F: This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0029183 CONFIDENTIAL SDNY_GM_00175367 EFTA01344075