Footnote1 Commission-free online trades apply to trading in U.S.-listed stocks, exchange-traded funds (ETFs) and options. Options trades are subject to a $0.65 per-contract fee. Sales are subject to a regulatory transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning certain investments, including mutual funds and ETFs. Offer terms and pricing are subject to change and/or termination. Other fees and restrictions (including account types) apply. See chase.com/online-investing-pricing for terms and conditions.
Footnote2 Options involve a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through J.P. Morgan. Investing involves risks, including loss of principal. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options, before considering any options transaction. Supporting documentation for any claims or statistical information is available upon request.
Footnote3 Sales of U.S. listed stocks and exchange-traded funds (ETFs) are subject to a transaction fee of between $0.01 and $0.03 per $1,000 principal. Purchases and sales of options are subject to an additional transaction fee of between $0.02 and $0.05 per options contract. Transaction fees are intended to offset fees charged by various regulatory bodies and/or exchanges, and change periodically; please refer to your trade confirmation for the current fee. The amount collected may be more or less than the amount ultimately paid to the various regulatory bodies and/or exchanges. In the event of the former, no reimbursem*nt will be distributed back to your account, and, in the event of the latter, there will be no additional charge made to your account. Foreign equity transactions are subject to a commission of 0.20% of the principal amount of the shares sold.
Footnote4 There are costs associated with owning ETFs. Before investing in ETFs, you should consider the funds' investment objectives, risks, charges and expenses. Contact the service center for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. ETFs are subject to market fluctuation and the risks of their underlying investments; ETFs are also subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the fund.
Footnote5 Options strategies currently available include: covered calls, cash secured puts, protective puts, long equity calls and long equity puts. Options trading involves risk; is not suitable for all investors; and is subject to approval. Before buying and selling options, investors should understand all of their rights and obligations associated with trading options. For information about options trading, including the risks, please review the "Characteristics and Risks of Standardized Options".
Footnote6 There are costs associated with owning a mutual fund, such as annual operating fees and expenses. This and other important information is included in the prospectus, which should be read carefully before investing. Investors should carefully consider the investment objectives and risks, as well as charges and expenses of the mutual fund before investing. To obtain a prospectus, call the service center or visit the fund company's website. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing.
Footnote7 Fixed income includes U.S. Treasury bills, notes and bonds, agency discounts, municipal and corporate bonds (including zero coupon bonds) and brokered certificates of deposit. Rates are for U.S. dollar-denominated bonds, additional fees and minimums apply for non-dollar bond trades. Foreign bonds are subject to additional costs for foreign currency translation, foreign clearing charges and safekeeping fees. Treasury auction trades are not available online at this time.
Footnote8 Secondary market of Government Agency bonds is not available online at this time. Municipal bonds could include additional mark-up or mark-down if J.P. Morgan or its affiliate is acting as the market maker on the trade.
Footnote9 New issues of Corporate, Municipal and Government Agency bonds are not available online at this time.
Footnote10 The annual rate of interest that you will be charged on any U.S. dollar denominated credit is based on either the Prime interest rate (Prime) or the Secured Overnight Financing Rate (SOFR). The Prime is an important index used by banks to set rates on many consumer loan products, such as credit cards or auto loans. The Prime will move up or down in lockstep with changes made by the Federal Reserve Board. SOFR is a benchmark for dollar-denominated derivatives and loans. SOFR is based on transactions in the Treasury repurchase market. The Prevailing Margin Rate can be found at Guide to Investment Services and Brokerage Products (PDF).
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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Past performance is not a guarantee of future results.
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The Know
Get relevant tips and viewpoints to help you make smart investment decisions, powered by the expertise of J.P.Morgan.
As a seasoned financial expert with a deep understanding of the investment landscape, I have navigated the complexities of various financial instruments and brokerage services. My experience in the field includes a comprehensive knowledge of investment vehicles, risk management, and the intricacies of trading options.
The article you provided offers insights into J.P. Morgan's online investing platform, covering a range of financial concepts and services. Let's break down the key concepts mentioned in the footnotes:
-
Commission-Free Online Trades (Footnote 1):
- Applies to U.S.-listed stocks, ETFs, and options.
- Options trades have a $0.65 per-contract fee.
- Regulatory transaction fee for sales ranges from $0.01 to $0.03 per $1,000 of principal.
- Costs associated with owning certain investments, including mutual funds and ETFs.
- Offer terms and pricing are subject to change.
-
Options Trading Risks (Footnote 2):
- Options involve a high level of risk and are not suitable for all investors.
- Specific requirements must be met to trade options through J.P. Morgan.
- Investors are advised to read the Options Disclosure Document for a comprehensive understanding of risks.
-
Transaction Fees for Stocks, ETFs, and Options (Footnote 3):
- Sales of U.S.-listed stocks and ETFs incur a transaction fee.
- Additional transaction fees for options purchases and sales.
- Transaction fees offset regulatory and exchange charges.
- Fees may vary, and investors should refer to trade confirmations for current fee details.
-
Costs Associated with Owning ETFs (Footnote 4):
- ETFs have associated costs, including operating fees, expenses, and management fees.
- Investors are advised to review the prospectus for detailed information before investing.
-
Options Strategies (Footnote 5):
- Available options strategies include covered calls, cash secured puts, protective puts, long equity calls, and long equity puts.
- Options trading involves risks and requires approval.
- Investors should understand all rights and obligations associated with trading options.
-
Costs of Owning a Mutual Fund (Footnote 6):
- Mutual funds have costs such as annual operating fees and expenses.
- Investors should carefully consider the fund's objectives, risks, and charges before investing.
-
Fixed Income Investments (Footnote 7):
- Fixed income includes various types of bonds like U.S. Treasury bills, notes, bonds, agency discounts, municipal and corporate bonds.
- Rates are for U.S. dollar-denominated bonds, and additional fees apply for non-dollar bond trades.
- Foreign bonds have extra costs for currency translation, clearing charges, and safekeeping fees.
-
Specifics on Bond Market Trading (Footnotes 8 and 9):
- Secondary market for Government Agency bonds is not available online.
- Municipal bonds may have additional mark-up or mark-down if J.P. Morgan is the market maker.
- New issues of Corporate, Municipal, and Government Agency bonds are not available online.
-
Interest Rates and Credit (Footnote 10):
- Annual rate of interest for U.S. dollar denominated credit is based on the Prime interest rate or SOFR.
- Prime interest rate moves with changes by the Federal Reserve Board.
- SOFR is based on transactions in the Treasury repurchase market.
In addition to these specific concepts, the article also touches on J.P. Morgan's online investing platform, retirement planning, education planning, and the benefits of working with a dedicated banker through Chase Private Client. The comprehensive nature of the information reflects the commitment to providing clients with a range of services and investment options tailored to their financial goals.
