and stocks. • Long-term prospect is less certain given we expect JPY to appreciate going forward. Click here for the full Note and disclosures. Tohru Sasaki (AC) JPMorgan Chase Bank, N.A., Tokyo Branch Takafumi Yamawaki JPMorgan Securities Japan Co., Ltd. Masaaki Kanno JPMorgan Securities Japan Co., L

ard. Click here <https://markets.jpmorgan.com/research/email/pufu8f0b/ws0z1OaDs7aUCBn6gbooGA/GPS-1857160-0.pdf> for the full Note and disclosures. Tohru Sasaki (AC) <http://emaillink.jpmorgan.com/t/AQ/AAjClg/ABGDsw/aSEW-A/WA/ABTN7g/AQ/zTRS> Illa//emaillink.jpmorgan.com/t/AQ/AAjClg/ABGDsw/a5EW-A/WA/Dvw/AQ/zW

Click here <https://markets.jpmorgan.com/research/email/pufu8f0b/ws0z1=aDs7aUCBn6gbooGA/GPS-1857160-0.pdf> for the full Note and disclosures. <=p> Tohru Sasaki (AC) <http://emaill=nk.jpmorgan.com/t/AOJAAjC1g/ABGDsw/aSEW-A/WA/ABTN7g/AQ/zTRS> <=> 2 EFTA_R1_01598270 EFTA02481792 JPMorgan Chase Bank, N.A.,