An investment bank is a financial institution that assists individuals, corporations, and governments in raising capital by underwriting and/or acting

as the client's agent in the issuance of securities. An investment bank may also assist companies involved in acquisitions and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services (fixed income instruments, currencies, and commodities). A financial intermediary that performs a variety of services. This includes underwriting, acting as an intermediary between an issuer of securities and the investing public, facilitating mergers and other corporate reorganizations, and also acting as a broker for institutional clients. The role of the investment bank begins with pre-underwriting counseling and continues after the distribution of securities in the form of advice. J.P. Morgan is a leading global investment bank with one of the largest client bases in the world. We serve nearly 20,000 clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors. Our clients operate in more than 100 countries. We offer a complete range of financial services to help clients achieve their goals. We provide strategic advice, lend money, raise capital, help manage risk, and extend liquidity, and hold global leadership positions in all of our major business lines. Across our business, our goal is to help clients succeed, contribute to orderly and well functioning markets and support global economic growth. One of the most important functions we serve is extending credit to companies to help them grow. We were founded more than 200 years ago and have a proud history of, in the words of one of our founders, doing only first-class business in a first-class way. J.P. Morgan is a global leader in providing a wide range of innovative equities solutions to investor and issuer clients from initial public offerings, secondary placements and equitylinked structures, to private placements, equity derivatives products, and block and portfolio trading services. We continually refine our product offerings to provide cutting-edge ideas, superior execution and state-of-the-art tools for todays changing markets.

We offer institutional investors, corporates, distributors and affluent individuals the following products and services:

Worldwide trade execution services across all exchanges and electronic networks. Program and special equity trading services. Transition management services across all asset classes. Sales, trading and research services on equity-based derivatives, as well as risk management applications and structured products.

A full range of equity-linked services, including competitive pricing and complex structuring for new equity-linked issuances, innovative ways to increase conversion premiums for issuers, and sales and trading services for institutional clients.

Equity structuring and sales services in the primary markets, including initial public offerings, follow-on offerings and convertible securities.

Clearance of OTC interest rate and credit derivatives, foreign exchange, OTC commodities and fixed income securities.

Futures and options execution and clearing services on approximately 70 exchanges globally.