Stock Schedule

Formula for calculating commission: (A + B) x C

 

A. Value Table: Round/Odd Lot Portion

Principal Amount of TransactionCommission Rate
 0 - 1,0003.20% of Principal+ $0
1,001 -2,0002.20% of Principal+ $5
2,001 - 5,0001.40% of Principal+ $25
5,001 - 10,0001.35% of Principal+ $26
10,001 - 20,0001.04% of Principal+ $56
20,001 - 30,0001.04% of Principal+ $58
30,001 and above0.55% of Principal+$210

 

B. Shares Table

SharesCommission Rate
 0 - 199$0.03 per share+ $12
200 - 499$0.15 per share+ $0
500 and above$0.05 per share+ $39

 

Shares Table, Odd Lot Portion

SharesCommission Rate
 1 - 99$0.03 per share+ $12

 

C is assigned the value of 1.41

Notes on Stock Schedule:

1. There is an additional $20 component to the commission.

2. Maximum charges:

A. Principal $0 – $50: No commission charged
B. Principal $51 or more: 5% of principal (inclusive of the additional $20 component)
C. For trades 150 shares or less: $157.97 plus the additional $20 component, or 5% (whichever is less).
D. For trades greater than 150 shares: $1.0531 per share plus the additional $20 component, or 5% (whichever is less).

5. Commission for an odd lot trade cannot exceed commission for a trade at the next higher round lot.

6. The commission charge for a multiple round lot cannot be more than the commission that would be charged if the trade was calculated as a number of separate single round lots.

Option Schedule

 

Priced Under $1 - Single Option

PriceCommission Rates
 0 - 0.13$3.13 x 1.113945+ $20
0.13 - 0.50$6.25 x 1.113945+ $20
0.50 and above$12.50 x 1.113945+ $20

 

Priced Under $1 - Multiple Options

(6.27% of principal + $2.09 per option) x 1.113945 + $20

Formula for calculating commission: (A + B) x C x 1.204842912, where A can equal a value from the Single or Multiple Option tables.

 

A. Priced at or over $1 - Single Option

Principal AmountCommission Rate
100 - 2,4991.30% of Principal+ $12
2,500 - 4,7770.90% of Principal+ $22
4,778 and above0.00% of Principal+ $65

 

A. Priced at or over $1 - Multiple Options

Principal AmountCommission Rate
100 - 2,4991.30% of Principal+ $12
2,500 - 19,9990.90% of Principal+ $22
20,000 - 29,9990.60% of Principal+ $82
30,000 and above0.40% of Principal+ $142

 

B. Plus

ContractsCommission Rate
1 - 10$6 each
11 and over$4 each

 

C. Multiplier

Principal ValueMultiplier Value
Less than $5,0001.3556655
Equal to or over $5,0001.4172679

 

Notes: (Unless otherwise stated)

1. There is an additional $20 component to the commission.

2. Minimum charge for options priced under $1 will be $25

3. Minimum charge for options priced over $1 will be $90 plus $20

4. Maximum commissions are : $65 per option x 1.113945

5. If the commission for options under $1 is less than the option minimum, then the minimum and the maximum do not apply.

6. The commissions charge for a multiple round lot cannot be more than the commission that would have been charged if he trade had been calculated as a number of separate single round lots.

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

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