The objective of this product is to provide two times the value of the daily performance of JPMorgan Chase & Co. stock. The ETP securities seek to track the NYSE Leveraged 2x JPM Index (the Index) which provides exposure to two times the daily performance of JPMorgan Chase & Co. stock (the Component Security). The ETP security exposure to the Component Security is managed to deliver two times the return (gain or loss) of the Component Security on a daily basis, net of fees and expenses.