15 Month Auto Callable Yield Notes

                                            North America Structured Investments

OVERVIEW

May be appropriate for investors seeking interest payments at a higher interest
rate than the current yield on a conventional debt security with the same
maturity issued by JPMorgan Chase and Co. Investors are exposed to full downside
market exposure if either Underlying declines by more than the Buffer Amount on
any trading day during the Monitoring Period. Under these circumstances the
payment at maturity will be made in cash based on the lesser performing of the
Underlyings.

If on any Call Date, the closing level of each Underlying is greater than its
closing level on the Pricing Date, the Notes will be automatically called.

Any payment on the notes is subject to the credit risk of JPMorgan Chase and Co.

Summary of Terms

Issuer:            JPMorgan Chase and Co.
Minimum            $1,000.00
Denomination:
Underlyings:       SandP 500([R]) Index and Russell 2000([R]) Index
Pricing Date:      May 28, 2013
Observation Date:  August 26, 2014
Maturity Date:     August 29, 2014
Monitoring Period: The period from, but excluding, the
                   Pricing Date to and including the
                   Observation Date
Call Dates:        August 28, 2013, November 26, 2013,
                   February 25, 2014, May 28, 2014
Interest Rate:     [6.00%-8.00%]* per annum, paid monthly
Buffer Amount:     For each Underlying, 30% of the closing
                   level of that Underlying on the Pricing
                   Date
CUSIP:             48126D3B3
Preliminary term   http://www.sec.gov/Archives/edgar/data/1
sheet:             9617/000089109213003865/e53453fwp.htm

For information about the estimated value of the notes, which likely will be
lower than the price you paid for the notes, see the hyperlink above.

* To be determined on the Pricing Date, but not less than 6.00% .
** The hypothetical returns set forth above are illustrative and may not be the
actual returns on the notes. These returns do not reflect fees or expenses that
would be associated with any sale in the secondary market. If these fees and
expenses were included, the hypothetical returns shown above would likely be
lower.
*** Reflects a Buffer Amount of 30% and an interest rate of 6.00% for
illustrative purposes. The table assumes the note is not called on any Call
Date and a $1,000 investment.

Hypothetical Returns**

Hypothetical Lowest Closing Level     Total Principal and
of the lesser performing Underlying Interest payments over
during the Monitoring Period as a
  percentage of the Initial Level     term of the note***
----------------------------------- ----------------------
            200%                          $1,075.00
----------------------------------- ----------------------
            150%                          $1,075.00
----------------------------------- ----------------------
            125%                          $1,075.00
----------------------------------- ----------------------
            100%                          $1,075.00
----------------------------------- ----------------------
             90%                          $1,075.00
----------------------------------- ----------------------
             80%                          $1,075.00
----------------------------------- ----------------------
             70%                          $1,075.00
----------------------------------- ----------------------
             65%                           $725.00
----------------------------------- ----------------------
             50%                           $575.00
----------------------------------- ----------------------
             30%                           $375.00
----------------------------------- ----------------------
             10%                           $175.00
----------------------------------- ----------------------
             0%                             $75.00

Return Profile

Interest will be payable monthly in arrears. If an interest payment date is not
a business day, payment will be made on the next business day immediately
following such day, but no additional interest will accrue as a result of the
delayed payment.

Payment at maturity for each $1,000 principal amount note will be a cash payment
of $1,000 or, if either of the Underlyings declined by more than the Buffer
Amount during the Monitoring Period and either underlying remains below its
initial level on the Pricing Date, a cash payment of less than $1,000 that
reflects the negative return of the lesser performing Underlying. In the event
both Underlyings appreciate relative to their initial values, the investor will
receive $1,000 for each $1,000 principal amount invested, subject to the credit
risk of JPMorgan Chase and Co. In all cases, payment will include any accrued
and unpaid interest.

If the notes are automatically called, the investor will receive a cash payment
of $1,000 for each $1,000 principal amount note, plus any accrued and unpaid
interest.

J.P. Morgan Structured Investments | 800 576 3529 |
JPM_Structured_Investments@jpmorgan.com

15 Month Auto Callable Yield Notes

North America Structured Investments

Selected Benefits

[] The notes offer a higher interest rate than the yield currently available on
debt securities of comparable maturity issued by us.

[] Monthly interest
payments of [6.00% -8.00%]* per annum.

[] If the notes are held to maturity, the Buffer Amount offers contingent
protection against a decrease in the prices of the Underlyings.

Selected Risks

[] Your investment in the notes may result in a loss. If either Underlying
declines by more than the Buffer Amount on any trading day during the Monitoring
Period, you could lose up to $925 for each $1,000 note.

[]The Benefit provided by the Buffer Amount may terminate on any day during the
term of the notes.

[] Any payment on the notes is subject to our credit risk. Therefore the value
of the notes prior to maturity are subject to changes in the market's view of
our creditworthiness.

[] You are exposed to the risks of the decline in the closing level of each
Underlying.

[] Your payment at maturity may be determined by the lesser performing of the
Underlyings.

[] Return is limited to the principal amount plus accrued interest regardless
of any appreciation of the Underlyings.

[] The automatic call feature may force a potential early exit. There is no
guarantee you will be able to reinvest the proceeds at a comparable interest
rate for a similar level of risk.

[] No dividend payments, voting rights, or ownership rights with the securities
included in the Underlyings. []You are exposed to the risks associated with
small capitalization companies.

[] JPMS' estimated value does not represent future values and may differ from
others' estimates.

[] The value of the notes which may be reflected in customer account statements
may be higher than JPMS' then current estimated value for a limited time
period.

[] Lack of liquidity: JPMorgan Securities, LLC, acting as agent for the Issuer
(and who we refer to as JPMS), intends to offer to purchase the notes in the
secondary market but is not required to do so. The price, if any, at which JPMS
will be willing to purchase notes from you in the secondary market, if at all,
may result in a significant loss of your principal.

[] Potential conflicts: we and our affiliates play a variety of roles in
connection with the issuance of notes, including acting as calculation agent,
hedging our obligations under the notes and making the assumptions to determine
the pricing of the notes and the estimated value of the notes when the terms of
the notes are set. It is possible that such hedging or other trading activities
of JPMorgan or its affiliates could result in substantial returns for JPMorgan
and its affiliates while the value of the notes decline.

[] The tax consequences of the notes may be uncertain. You should consult your
tax adviser regarding the U.S. federal income tax consequences of an investment
in the notes.

The risks identified above are not exhaustive. Please see "Risk Factors" in the
applicable product supplement and "Selected Risk Considerations" to the
applicable term sheet for additional information.

Disclaimer

SEC Legend: JPMorgan Chase and Co. has filed a registration statement (including
a prospectus) with the SEC for any offering 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 and Co.
has filed with the SEC for more complete information about JPMorgan Chase and
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 and Co.,
any agent or any dealer participating in the this offering will arrange to send
you the prospectus and the prospectus supplement as well as any product
supplement and term sheet if you so request by calling toll-free 866-535-9248.

IRS Circular 230 Disclosure: JPMorgan Chase and 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 and Co. of any of the matters address
herein or for the purpose of avoiding U.S. tax-related penalties.

Investment suitability must be determined individually for each investor, and
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 with their own advisors as to these matters.

This material is not a product of J.P. Morgan Research Departments. Additional
information about the symbols depicted in each cube in the top right-hand corner
of this fact sheet can be accessed via the hyperlink to one of our filings with
the SEC:

http://www.sec.gov/Archives/edgar/data/19617/000095010311004940/crt_dp27418-fwp
..pdf

J.P. Morgan Structured Investments | 800 576 3529 |
JPM_Structured_Investments@jpmorgan.com