Free
Writing Prospectus
Filed Pursuant to
Rule 433
Registration
Statement No. 333-155535
Dated February 23,
2010
JPMorgan
ETN report
The table below
summarizes certain data related to the Alerian MLP Index ETNs (the "Notes" or
the "ETNs")
Product
Name
|
CUSIP
|
Ticker
|
Date
|
Closing
Price ($)
|
Indicative Value Ticker
|
Closing Indicative
Value ($)
|
Number of Notes
(000s)
|
Market
Capitalization
($ M)
|
Total Assets ($ M)
|
Last Coupon per Note
($)
|
Last Coupon Ex-Date
|
Fee
|
JPMorgan
Alerian MLP Index ETN
|
46625H365
|
AMJ
|
2/22/2010
|
$29.61
|
AMJIV
|
$29.64
|
25,000
|
$740.25
|
$741.00
|
0.4428
|
2/25/2010
|
0.85%
p.a.
|
The ETNs are
senior, unsecured debt obligations of JPMorgan Chase & Co. and accordingly,
are exposed to the credit risk of JPMorgan Chase & Co.
Definitions
"Closing Price" means the last
trade reported as of the date shown.
"Closing Indicative Value"
means the last level calculated for the intraday indicative value of the
ETN for the relevant day. The intraday indicative value (the “IIV”) is meant
to approximate the
intrinsic economic value of the ETN. The IIV calculation is provided for
reference purposes only. It is not intended as a price or quotation. The IIV
will be based on the intraday indicative values of the Alerian MLP Index, and
may not be equal to the payment at maturity or upon early repurchase. Please see
the relevant pricing supplement for details.
"Number of Notes" means the
total number of notes, shown in thousands, that have been issued, including
those held by JPMorgan Chase & Co or one of its affiliates.
"Market Capitalization" means
the product of the Number of Notes and the Closing Price, shown in millions.
This includes any ETNs held by JPMorgan Chase & Co or any of its
affiliates.
"Total Assets" means the
product of the Number of Notes and the Closing Indicative Value.
"Last Coupon per Note" means
the most recent Coupon Amount paid by the issuer of the Note to investors.
Please see the relevant Pricing Supplement for the definition of Coupon Amount.
"Last Coupon Ex-Date" means
the "ex-date" with respect to the most recent Coupon Amount, as more fully
described in the relevant Pricing Supplement.
"Fee" refers to the to the
Tracking Fee as defined in the relevant Pricing Supplement.
SEC
Legend: JPMorgan Chase & Co. has filed a registration statement (including a
prospectus) with the SEC for any offerings to which these materials relate.
Before you invest, you should read the prospectus in that registration statement
and the other documents relating to this offering that JPMorgan Chase & Co.
has filed with the SEC for more complete information about JPMorgan Chase &
Co. and this offering. You may get these documents without cost by visiting
EDGAR on the SEC Web site at www.sec.gov. Alternatively, JPMorgan Chase &
Co., any agent or any dealer participating in this offering will arrange to send
you the prospectus and each prospectus supplement as well as any product
supplement, pricing supplement and term sheet if you so request by calling
toll-free 800-576-3529.
Free Writing
Prospectus Related to Registration Statement No. 333-155535
To
the extent there are any inconsistencies between this free writing prospectus
and the relevant pricing supplement, the relevant pricing supplement, including
any hyperlinked information, shall supersede this free writing
prospectus.
Investment
suitability must be determined individually for each investor. The financial
instruments described herein may not be suitable for all investors. This
information is not intended to provide and should not be relied upon as
providing accounting, legal, regulatory or tax advice. Investors should consult
their own advisors on these matters.
IRS
Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not
provide tax advice. Accordingly, any discussion of U.S. tax matters contained
herein (including any attachments) is not intended or written to be used, and
cannot be used, in connection with the promotion, marketing or recommendation by
anyone unaffiliated with JPMorgan Chase & Co. of any of the matters address
herein or for the purpose of avoiding U.S. tax-related penalties. The tax
consequences of the ETNs are uncertain.
“Alerian MLP Index
and Alerian MLP Total Return Index are trademarks of an affiliate of Alerian
Capital Management, LLC and their use is granted under a license with such
affiliate.”
February
22, 2010