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EFTA00295400
e of the stocks; the current analysts may or may not have covered it over the entire period. J.P. Morgan ratings or designations: OW Overweight, N- Neutral, UW Underweight, NR - Not Rated t6 EFTA00295415 11= Kevin Milota North America Equity Research 08 May 2014 J.P.Morgan Explanation of Equity Research Ratings
EFTA00306883
verage of the stocks; the current analysts may or may not have covered it over the entire riot M. Morgan ratings or designations: OW - Overweight, Neutral, UW Underweight, NR Not Rated Ex lanatlon of Equity Research Ratings, Designations and Analyst(s) Coverage Universe: Morgan uses the following rating system: Overw
EFTA00301083
of the stocks; the current analysts may or may not have covered it over the entire period. J.P. Morgan ratings or designations: OW Overweight, Ni• Neutral, UW Underweight, NR •• Not Rated Explanation of Equity Research Ratings, Designations and Analyst(s) Coverage Universe: J.P. Morgan uses the following rating syste
JPMSAL
OrganizationOrganization referenced in documents
the Capital Market Authority
OrganizationOrganization referenced in documents

Frankfurt
LocationCity in Hesse, Germany

JPMorgan Chase
OrganizationAmerican multinational banking and financial services holding company

Mumbai
LocationCapital city in Maharashtra, India

Bangkok
LocationCapital of Thailand

Malaysia
LocationCountry in Southeast Asia

Philippines
LocationArchipelagic country in Southeast Asia

New Zealand
LocationIsland country in the southwest Pacific Ocean
the Securities and Exchange Commission
OrganizationU.S. Securities and Exchange Commission
the Prudential Regulation Authority
OrganizationOrganization referenced in documents
the Central Bank of Brazil
OrganizationOrganization referenced in documents

the Ministry of Finance
OrganizationGovernment ministry responsible for fiscal policy

Bloomberg L.P.
OrganizationAmerican privately held financial, software, data, and media company
North America Equity Research
OrganizationOrganization referenced in documents
Investment Thesis
OrganizationOrganization referenced in documents
Non-Investment Banking Compensation
OrganizationOrganization referenced in documents
JPMS Equity Research Coverage
OrganizationOrganization referenced in documents
JPMS plc's
OrganizationOrganization referenced in documents
Bank Street
OrganizationOrganization referenced in documents