By Business Wire, September 20, 2013, 03:30:00 AM EDT
NEW YORK--(BUSINESS WIRE)--
JPMorgan Chase & Co. (NYSE:JPM) announced today that it will withdraw
the NYSE Arca listing of its KEYnotes Exchange Traded Notes Linked to
the First Trust Enhanced 130/30 Large Cap Index due 2023 with a CUSIP of
46625H761 (NYSE Arca:JFT) (the "JFT ETNs") effective on or about
October 10, 2013 due to current limited demand for the security. In
connection with the delisting of the JFT ETNs, JPMorgan Chase & Co. and
First Trust Portfolios L.P. will jointly terminate the Marketing Agent
Agreement for the JFT ETNs effective on or about October 14, 2013.
Upon the effective delisting date, the JFT ETNs will no longer be listed
on any national exchange or quoted medium. The JFT ETNs may trade, if at
all, on an over the counter basis. For additional information, please
see the prospectus related to the JFT ETNs.
JPMorgan Chase & Co. also announced today that it will redeem all of the
outstanding exchange traded notes set forth below (collectively the
JPMorgan Double Short U.S. Long Bond Treasury Futures ETNs due
September 30, 2025 with a CUSIP of 46634X864 (NYSE Arca:DSTJ); and
JPMorgan Double Short U.S. 10 Year Treasury Futures ETNs due September
30, 2025 with a CUSIP of 46634X823 (NYSE Arca:DSXJ).
Other terms used but not defined below shall have the meanings ascribed
to those terms in the applicable prospectus related to the Redeemed
ETNs. The Redemption Date for the Redeemed ETNs shall be on or about
October 3, 2013.
The Payment upon Optional Redemption for each of the Redeemed ETNs will
be the Closing Note Value of those Redeemed ETNs as of September 27,
2013. JPMorgan Chase & Co. will pay investors holding the Redeemed ETNs
as of 5:00 p.m., New York time, on or about October 3, 2013, the
applicable Payment upon Optional Redemption.
Other exchange traded notes, structured notes and debt securities issued
by JPMorgan Chase & Co. are not affected by these redemptions and
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services
firm with assets of $2.4 trillion and operations worldwide. The firm is
a leader in investment banking, financial services for consumers, small
business and commercial banking, financial transaction processing, asset
management and private equity. A component of the Dow Jones Industrial
Average, JPMorgan Chase & Co. serves millions of consumers in the United
States and many of the world's most prominent corporate, institutional
and government clients under its J.P. Morgan and Chase brands.
Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Investment suitability must be determined individually for each
investor, and the ETNs may not be suitable for all investors. This
information is not intended to provide and should not be relied upon as
providing accounting, legal, regulatory or tax advice. Investors should
consult with their own advisors as to these matters.
JPMorgan Chase & Co. has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission, or SEC, for the
offerings to which this communication relates.
Before you invest, you should read the prospectus in that registration
statement and the other documents relating to this offering that
JPMorgan Chase & Co. has filed with the SEC for more complete
information about JPMorgan Chase & Co. and these offerings.
You may get these documents without cost by visiting EDGAR on the SEC
website at www.sec.gov.
Alternatively, JPMorgan Chase & Co., any agent or any dealer
participating in this offering will arrange to send you the prospectus,
the prospectus supplement, the product supplement and the pricing
supplement if you so request by calling toll-free 1-800-576-3529.
For additional information, please contact theJPMorgan
Structured Investments team at 1-800-576-3529 or at JPM_Structured_Investments@jpmchase.com.
Source: JPMorgan Chase & Co.