EFTA01572176.pdf

EFTA01572176 EFTA01572177 JPMorgan Chase Bank, N.A. GHISLAINE MAXWELL- OAP FDG 270 Park Avenue, New York, NY 10017-2014 ACCT. For the Period 7/1/11 to 7/31/11 Investment Management Account J.P. Morgan Team Paul Morris Ian Hirschfield Janet Young Gina Swetra Online access Banker Investment Specialist Client Service Team Client Service Team www.MorganOnline.com No market value or activity to report during this period information regarding your accounts refer to the rear of your statement 0000023499.15.0.15.00001.MAXWE04.20110802 Page 1 of 1 EFTA01572178 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01572179 For the Period 7/1/11 to 7/31/11 IMPORTANT INFORMATION ABOUT YOUR STATEMENT(S) Please take the steps indicated below if you think statements are incorrect or contact your J.P.Morg an team if you require additional information about a transaction on your statement(s). In case of other errors or questions about your statement Please review your account statement and promptly report any inaccuracy or discrepancy including pos sible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, improper payments or transfers in writing to JPMCB both the introducing broker at the addresses show n on your statement. Any oral communication should be re-confirmed in writing to further protect your rights. If you have any questions please contact your J.P. Morgan team. In your written communication, please provide the following information: (1) your name and account n umber; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must d escribe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. Important Information about Pricing and Valuations Market value information (including without limitation, prices, exchange rates, accrued income and b and ratings) furnished herein some of which has been provided by pricing sources or other sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy and is furnished for the ex clusive use of the client. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted valu e represents the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. Such values may only be indicative. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provi ded for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Certain assets including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generall illiquid, the value of such assets may have been provided to us by third parties who may not be inde pendent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposi t products, have been prepared on a mid-market basis. These valuations are derived from proprietary models based upon well-recognized financial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based on other models or different assumptions may yield different results. J .P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the value tions, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for d etails of each transaction. Important Information Regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enou gh bids at an auction to redeem the securities available for sale, the result may be a failed auctio n. In the event of a failed auction, there is no assurance that a secondary market will develop or that the se curity will trade at par or any other price reflected on statements and online.Accordingly, investor should not rely on pricing information appearing in their statements or online with respect to ARE. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS, the pri ce column on your statement and online will indicate "$0.00" which however should not be relied on as t he price at which ARS would trade. These statements are not official documents for income tax reporting purposes and should not be reli ed upon for such purposes, including determination of income, cost basis, or gain/Loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with yo ur records and your tax advisor. Offshore Deposits - London and Nassau Disclosures Page 1 of 2 EFTA01572180 For the Period 7/1/11 to 7/31/11 Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Governme nt; amounts in such foreign accounts do not have the benefit of any domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Intern al Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, the Priva to Bank of J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. To the extent applicable, please note the following regarding estimated annual income (EAI) and esti mated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the act ual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. Bank products and services are offered through JPMCB and its banking affiliates. Securities are offe red by JPMS and, to the extent noted above, cleared through JPMCC. If a partial call is made with respect to an issue of securities included in your Accounts we will a llocate the call by a method we deem fair and equitable. JPMS is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMo rgan Chase Bank, N.A. ("JPMCBm). Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Disclosures Page 2 of 2 EFTA01572181