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J P M O R G A N   E T F E F F I C I E N T E   D S   5   I N D E X   P E R F O R M A N C E   D E T A I L S
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April 12, 2013
                                                                      J.P.Morgan
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JPMorgan ETF Efficiente DS 5 Performance Details

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J.P. Morgan ETF Efficiente DS 5 Index (the "Index") Performance -- Bloomberg EEJPDS5E Index
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Please see key risks on the next page for additional information. Source: J.P.
Morgan. Past performance is not a guide to future performance. "EEJPDS5E Index"
refers to the performance of J.P. Morgan ETF Efficiente DS 5 Index (Bloomberg:
EEJPDS5E Index)(the "Index"). The levels of the Index incorporate an
adjustment factor of 1.0% per annum.

Hypothetical, historical performance measures: Represents the monthly and full
calendar year performance of the Index based on as applicable to the relevant
measurement period, the hypothetical back tested daily closing levels from
December 31, 2003 through September 24, 2012, and the actual historical
performance of the Index based on daily closing levels from September 25, 2012
through March 28, 2013. YTD reflects the year to date performance of the Index
from the last business day of the previous calendar year through, and including
March 28, 2013. The hypothetical historical values above have not been verified
by an independent third party. The back-tested, hypothetical historical results
above have inherent limitations. These back-tested results are achieved by
means of a retroactive application of a back-tested model designed with the
benefit of hindsight. No representation is made that an investment linked to
the Index will or is likely to achieve returns similar to those shown.
Alternative modelling techniques or assumptions would produce different
hypothetical historical information that might prove to be more appropriate and
that might differ significantly from the hypothetical historical information
set forth above. Hypothetical back-tested results are neither an indicator nor
a guarantee of future returns. Actual results will vary, perhaps materially,
from the analysis implied in the hypothetical historical information that forms
part of the information contained in the table above.

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Key Risks
[] There are risks associated with a momentum -based investment strategy - The
Index is different from a strategy that seeks long-term exposure to a portfolio
consisting of constant components with fixed weights. The Index may fail to
realize gains that could occur from holding assets that have experienced price
declines, but experience a sudden price spike thereafter.

[] The Index may not achieve its target volatility -- The exposure of the Index
to the synthetic portfolio of Basket Constituents is determined by a two-step
process composed of 1) a monthly selection process to determine the weighting
assigned to each Basket Constituent in the synthetic portfolio, and 2) a daily
adjustment of the exposure to the synthetic portfolio intended to achieve a
target annualized volatility of 5% on a daily basis. The monthly weights and
daily adjustments are based on the historical volatility of the synthetic
portfolio and are subject to certain constraints. However, there is no
guarantee that historical trends will continue in the future. Accordingly, the
actual realized annualized volatility of the Index may be greater than or less
than 5%, which may adversely affect the level of the Index.

[] The daily adjustment of the exposure of the index to the synthetic portfolio
of basket constitutents may impact performance -- Due to the daily exposure
adjustments, the Index may fail to realize gains due to price appreciation of
the synthetic portfolio at a time when the exposure is less than 100% or may
suffer increased losses due to price depreciation of the synthetic portfolio
when the exposure is above 100%. As a result, the Index may underperform an
index that does not include a daily exposure adjustment.

[] The Index may be partially uninvested -- The aggregate weight of the Cash
Index at any given time represents the portion of the synthetic portfolio that
is uninvested. In addition, when the exposure of the Index to the synthetic
portfolio is less than 100%, a portion of the synthetic portfolio will be
uninvested. The Index will reflect no return for any uninvested portion.

[] Our affiliate, J.P. Morgan Securities plc, is the calculation agent for the
Index and may adjust the Index in a way that affects its level--The policies
and judgments for which J.P. Morgan Securities plc, is responsible could have
an impact, positive or negative, on the level of the Index and the value of
your investment. J.P. Morgan Securities plc is under no obligation to consider
your interest as an investor with returns linked to the Index.

[] The Index may not be successful and may not outperform any alternative
strategy.

[] The Index comprises notional assets and liabilities and therefore there is
no actual portfolio of assets to which any person is entitled or in which any
person has any ownership interest.

[] The Index rebalances monthly and applies weighting caps to the Basket
Constituents and sectors.

[] The Index may be subject to increased volatility due to the use of
leverage.

[] Changes in the value of the Basket Constituents may offset each other, and
correlation of performances among the Basket Constituents may reduce the
performance of the Index.

[] An investment linked to the Index is subject to risks associated with
non-U.S securities markets, such as emerging markets and currency exchange
risk.

[] The Index was established on September 25, 2012 and has a limited operating
history.

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(including a prospectus) with the Securities and Exchange Commission (the
"SEC") for any offerings to which these materials relate. Before you invest in
any offering of securities by J.P. Morgan, you should read the prospectus in
that registration statement, the prospectus supplement, as well as the
particular product supplement, underlying supplement, the relevant termsheet or
pricing supplement, and any other documents that J.P. Morgan will file with the
SEC relating to such offering for more complete information about J.P. Morgan
and the offering of any securities. You may get these documents without cost by
visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, J.P. Morgan,
any agent or any dealer participating in the particular offering will arrange
to send you the prospectus and the prospectus supplement, as well as any
product supplement, underlying supplement and termsheet or pricing supplement,
if you so request by calling toll-free (800) 576 3529.

Free Writing Prospectus filed pursuant to Rule 433; Registration Statement No. 333-177923

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