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This slide is not for distribution in isolation and must be viewed in
conjunction with the accompanying term sheet, product supplement, prospectus
supplement and prospectus, which further describe the terms, conditions and
risks associated with the notes In the event of any inconsistency between the
information presented herein and any such term sheet, such term sheet shall
govern. The information contained in this document is for informational
purposes only.
JPMorgan Contingent Buffered Digital Notes Linked to Brent Crude Oil Futures
due June 19, 2014
The notes are designed for investors who seek a fixed return of at least 9.05%
at maturity if the Ending Contract Price of Brent Crude Oil is not less than
the Initial Contract Price by more than 15.00% on the Observation Date.
Investors should be willing to forgo interest payments and, if the Ending
Contract Price is less than the Initial Contract Price by more than 15.00% on
the Observation Date, be willing to lose some or all of their principal. If the
Ending Contract Price is equal to or less than the Initial Contract Price by no
more than 15.00% on the Observation Date, investors will receive their initial
investment back at maturity, subject to the credit risk of JPMorgan Chase [AND]
Co.
Trade Details/Characteristics
Contract Price On any relevant day, the official settlement price per barrel on ICE Futures Europe of
the first nearby month futures contract for Brent crude oil, stated in U.S. dollars, as
made public by ICE Futures Europe (Bloomberg ticker "CO1" Comdty), provided that
if such date falls on the last trading day of such futures contract, then the second
nearby futures contract (Bloomberg ticker "CO2" Comdty) on that day
Currency USD
Digital Return At least 9.05% (to be determined on the pricing date)
Contingent Buffer Percentage 15.00%
Maximum Potential Loss 100.00%
Observation Date June 16, 2014
Maturity Date June 19, 2014
Contract Return (Ending Contract Price - Initial Contract Price) / Initial Contract Price
Initial Contract Price A price to be determined on the pricing date in the sole discretion of the calculation
agent. The Initial Contract Price may or may not be the Contract Price on the
pricing date.
Ending Contract Price The Contract Price on the Observation Date
Maturity Approximately 53 weeks
Settlement Cash
Payment At Maturity per $1,000 If the Ending Contract Price is greater than or equal to the Initial Contract Price or is
principal amount note less than the Initial Contract Price by up to the Contingent Buffer Percentage:
$1,000 + ($1,000 x Digital Return)
If the Ending Contract Price is less than the Initial Contract Price by more than the
Contingent Buffer Percentage:
$1,000 + ($1,000 x Commodity Return)
Your investment may result in the loss of all of your principal at maturity.
Preliminary Term Sheet http://www.sec.gov/Archives/edgar/data/19617/000089109213005099/e53989fwp.htm
Selected Risk Considerations
The risks identified below are not exhaustive. Please see the term sheet
hyperlinked above for more information. [] Your investment in the notes may
result in a loss of some or all of your initial investment.
[] Your maximum potential gain on the notes will be limited to the Digital
Return.
[] Any payment on the notes is subject to the credit risk of JPMorgan Chase [AND]
Co., which we refer to as JPMC. Therefore, the value of the notes prior to
maturity are subject to changes in the market's view of JPMC's
creditworthiness.
[] The benefit provided by the Contingent Buffer Amount may terminate on the
final review date.
[] Investments related to the price of Brent Crude Oil Futures may be more
volatile than traditional securities investments. [] Single commodity prices
tend to be more volatile than, and may not correlate with, the prices of
commodities generally.
[] The contract price of the commodity futures contract is determined by
reference to the official settlement price of Brent Crude Oil Futures contracts
as determined by ICE Futures Europe, and there are certain risks relating to
the Contract Price of the commodity futures contract being determined by ICE
Futures Europe.
[] 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 JPMC (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: JPMC and its affiliates plays a variety of roles in
connection with the issuance of notes, including acting as calculation agent
and hedging our obligations under the notes and making assumptions to determine
the pricing of the notes and the estimated value of the notes when th eterms of
the notes are set. It is possible that such hedging or other trading activities
of JPMC could result in substantial returns for JPMC while the value of the
notes declines.
[] The tax consequences of the notes may be uncertain. You should consult your
tax advisor regarding the U.S. federal income tax consequences of an investment
in the notes.
Hypothetical Payout For Contingent Buffered Digital Notes linked to Brent Crude
Oil Futures at Maturity (assuming $1,000 Initial Investment)
Payment at Maturity per $1,000
Ending Contract Price Contract Return principal amount Total Return On Notes
===================== =============== ============================== =====================
130.00 30.00% $1,090.50 9.05%
120.00 20.00% $1,090.50 9.05%
115.00 15.00% $1,090.50 9.05%
110.00 10.00% $1,090.50 9.05%
109.35 9.35% $1,090.50 9.05%
105.00 5.00% $1,090.50 9.05%
102.50 2.50% $1,090.50 9.05%
===================== =============== ============================== =====================
100.00 0.00% $1,090.50 9.05%
===================== =============== ============================== =====================
95.00 -5.00% $1,090.50 9.05%
90.00 -10.00% $1,090.50 9.05%
85.00 -15.00% $1,090.50 9.05%
84.99 -15.01% $849.90 -15.01%
80.00 -20.00% $800.00 -20.00%
70.00 -30.00% $700.00 -30.00%
50.00 -50.00% $500.00 -50.00%
0.00 -100.00% $0.00 -100.00%
===================== =============== ============================== =====================
Each hypothetical return set forth above assumes a Initial Contract Price of
$100, a Digital Return of 9.05%, and the Contingent Buffer Percentage of 15.00%
.. The actual Digital Return will be determined on the pricing date and will not
be less than 9.05% .
SEC Legend: JPMorgan Chase [AND] 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
[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
the SEC website 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, the prospectus supplement as well as any relevant 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. The products described herein should generally be held to maturity
as early unwinds could result in lower than anticipated returns. 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. J.P. Morgan
is the marketing name for JPMorgan Chase [AND] Co. and its subsidiaries and
affiliates worldwide. J.P. Morgan Securities LLC is a member of FINRA, NYSE and
SIPC. Clients should contact their salespersons at, and execute transactions
through, a J.P. Morgan entity qualified in their home jurisdiction unless
governing law permits otherwise.
Filed pursuant to Rule 433 Registration Statement No: 333-177923 Dated: June 4,
2013
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