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        1 As of July 1, 2019. An MLE is a subsidiary or foreign office that is significant to the activities of a critical operation or core business line. MLEs reported under the Dodd-Frank Act may differ from the significant legal entity subsidiaries that are reported in JPM Group’s SEC filings.

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        刘德华片酬Holders of JPMorgan Chase & Co.'s debt and equity securities will absorb losses if it were to enter into a resolution.刘德华片酬

        Federal Reserve rules require that JPMorgan Chase & Co. (the “Parent Company”) maintain minimum levels of unsecured external long-term debt and other loss-absorbing capacity with specific terms (“eligible LTD”) for purposes of recapitalizing JPMorgan Chase’s operating subsidiaries if the Parent Company were to enter into a resolution either:

        • in a bankruptcy proceeding under Chapter 11 of the U.S. Bankruptcy Code, or
        • in a receivership administered by the FDIC under Title II of the Dodd-Frank Act (“Title II”).

        If the Parent Company were to enter into a resolution, holders of eligible LTD and other debt and equity securities of the Parent Company will absorb the losses of the Parent Company and its subsidiaries.

        The preferred “single point of entry” strategy under JPMorgan Chase’s resolution plan contemplates that only the Parent Company would enter bankruptcy proceedings. JPMorgan Chase’s subsidiaries would be recapitalized, as needed, so that they could continue normal operations or subsequently be divested or wound down in an orderly manner. As a result, the Parent Company’s losses and any losses incurred by its subsidiaries would be imposed first on holders of the Parent Company’s equity securities and thereafter on its unsecured creditors, including holders of eligible LTD and other debt securities. Claims of holders of those securities would have a junior position to the claims of creditors of JPMorgan Chase’s subsidiaries and to the claims of priority (as determined by statute) and secured creditors of the Parent Company.

        Accordingly, in a resolution of the Parent Company in bankruptcy, holders of eligible LTD and other debt securities of the Parent Company would realize value only to the extent available to the Parent Company as a shareholder of JPMorgan Chase Bank, N.A. and its other subsidiaries, and only after any claims of priority and secured creditors of the Parent Company have been fully repaid.

        The FDIC has similarly indicated that a single point of entry recapitalization model could be a desirable strategy to resolve a systemically important financial institution, such as the Parent Company, under Title II. However, the FDIC has not formally adopted a single point of entry resolution strategy.

        If the Parent Company were to approach, or enter into, a resolution, none of the Parent Company, the Federal Reserve or the FDIC is obligated to follow JPMorgan Chase’s preferred strategy, and losses to holders of eligible LTD and other debt and equity securities of the Parent Company, under whatever strategy is ultimately followed, could be greater than they might have been under JPMorgan Chase’s preferred strategy.

        刘德华片酬No Offer or Solicitation刘德华片酬

        The contents of this website are provided for information purposes only and do not constitute an offer to sell or the solicitation of an offer to buy any securities.

        刘德华片酬Investment Considerations刘德华片酬

        An investment in securities entails certain risks, including those described in the offering documents relating to the securities. Information contained on this website may not be sufficient for a prospective investor to make an informed decision regarding an investment in any securities issued or sponsored by JPMorgan Chase or any of its affiliates. Reported performance results may not be indicative of future results. Prospective investors should consult their own financial and legal advisors about risks associated with investments in a particular issue of securities and the suitability of investing in such securities in light of their particular circumstances.

        刘德华片酬Information Subject to Change刘德华片酬

        JPMorgan Chase and its affiliates reserve the right to amend or revise any information or documents contained on this website at any time without notice. In particular, program and transaction documents contained on this website may be amended, supplemented or otherwise modified from time to time.

        刘德华片酬Website Contains Dated Materials刘德华片酬

        This website operates as, among other things, an archive for offering documents and other materials prepared from time to time with respect to specific issuances of securities. The information and documents contained on this website speak only as of the dates indicated therein and may not be accurate as of any subsequent date. JPMorgan Chase and its affiliates do not undertake any obligation or assume any responsibility to update any of such information or documents.

        刘德华片酬No Liability刘德华片酬

        In no event shall JPMorgan Chase or any of its affiliates be liable for any damages of any kind (including, without limitation, special, incidental, indirect or consequential damages) on any theory of liability arising out of or in connection with the use of any information on this website.

        刘德华片酬Non-Deposit Products刘德华片酬

        The securities described on this website are not insured or guaranteed by the FDIC or any other governmental agency or instrumentality, and are not bank deposits, obligations or guarantees.