View:
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-199966
Dated November 2, 2015
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JPMorgan Alerian MLP Index ETN
Overview Performance Underlying Index Yield
Jump To: Footnote | Key Features | Disclaimer
By using this site you agree to abide by the ACCESS AGREEMENT for this site.
Alerian MLP Index Exchange Traded Notes ("ETNs") provide investors a way to
gain exposure to midstream energy MLPs. The ETNs pay a variable quarterly
coupon linked to the cash distributions paid on the MLPs in the index, less
accrued tracking fees1. The ETN coupons are reported on Form 1099s and
therefore
eliminate the administrative burden associated with K-1 forms. Investors can
trade the ETNs on the NYSE, Arca exchange or receive a cash payment at the
scheduled maturity or upon early repurchase2, based on the performance of the
index less accrued tracking fees and, if applicable, the repurchase fee. The
ETNs are senior, unsecured obligations of JPMorgan Chase & Co.
ETN Size Limitation
The ETNs are subject to a maximum issuance limitation of 129,000,000 ETNs,
which may cause the ETNs to trade at a premium relative to the indicative note
value. Investors that pay a premium for the ETNs could incur significant losses
if that investor sells its ETNs at a time when some or all of the premium is no
longer present. We issued the remaining 11,050,000 ETNs authorized for issuance
on June 19, 2012.
ETN Detail ETN Market Data
Ticker AMJ As of Date Oct 30 2015
Underlying Index Alerian MLP Index Closing Price(5) 33.20
Underlying Ticker AMZ High Price(6) 33.70
Issuer JPMorgan Chase & Co. Low Price(7) 32.47
Tracking Fee 0.85% p.a. Closing Intrinsic Note Value(3,8) 33.27
Coupons(4) Quarterly,Variable Current Volume (# Notes)(9) 2,892,399
Maturity Date May 24 2024 Average Volume (# Notes)(10) 2,990,202
Inception Date Apr 02 2009 Market Capitalization(11) $4,116,800,000
Primary Exchange NYSE Arca Maximum Market $4,282,800,000
Capitalization(12)
CUSIP 46625H365
--------------------------------- --------------
Please review the Footnotes for explanation of the identified terms above
------------------------------------------------------------------------- ----------- ----------- ------------------ -----------
Returns, Standard Deviation and Correlation View Chart
------------------------------------------------------------------------- ----------- ----------- ------------------ -----------
3 Yr Return
Underlying Index 3 Month Return 1 Yr Return Standard Deviation Correlation
Annualized
Alerian MLP Index -12.67% -29.91% -0.88% 20.02% 1.00
S&P 500 Index -0.85% 6.43% 15.81% 12.68% 0.50
S&P 500 Utilities Index 1.44% -0.26% 10.41% 14.35% 0.30
S&P GSCI Index -7.12% -38.13% -18.74% 17.44% 0.39
-------------------------------------------- ---------------------------- ----------- ----------- ------------------ -----------
Please review note 13 in the footnotes below
Footnote
1. The "Accrued Tracking Fee" for a given coupon period, as more fully
described in the relevant market making supplement, represents an amount equal
to the Tracking Fee of 0.85% per annum accrued for that coupon period
multiplied by the Daily Note Value13 on the Index Business Day prior to the
date of determination, plus the aggregate amounts, if any, by which the
previous Accrued Tracking Fees have exceeded the cash distributions, if any,
made by the underlying MLPs.
2. Investors may request on a weekly basis that the Issuer repurchase a minimum
of 50,000 notes prior to the maturity date, subject to the procedures described
in the relevant market making supplement. Early repurchases will be subject to
a Repurchase Fee of 0.125% , as further described in the relevant market making
supplement.
3. The intraday intrinsic note value of the ETNs (the "IIV") is meant to
approximate the intrinsic economic value of an ETN. The IIV calculation will be
provided for reference purposes only. It is not intended as a price or
quotation, and may not be equal to the payment at maturity or upon early
repurchase. ETN Investors should always consult their advisors before
purchasing or selling the ETNs, particularly if the ETNs are trading at a
premium over the IIV. Please see the relevant market making supplement for
details.
4. The coupons are based on the cash distributions, if any, paid on the
underlying MLPs, less the Accrued Tracking Fee. The coupons are variable and
may be zero.
5. The Closing Price means the last trade reported as of the date shown above.
6. The High Price means the highest trade reported on the date shown above.
7. The Low Price means the lowest trade reported on the date shown above.
8. The Closing Intrinsic Value is the last level calculated for the intraday
Intrinsic note value on the date shown above. Please see footnote3 above for
further information on the intraday Intrinsic note value of the ETNs.
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9. Current Volume means the number of the ETNs traded across all exchanges on
the date shown above. The liquidity of the market for the ETNs may vary
materially over time. This does not include ETNs held by JPMorgan Chase & Co.
or any of its affiliates.
10. Average Volume (or Daily Average Trading Volume) means the average number
of the ETNs traded across all exchanges over the 50 trading day period ending
on the date shown above. The liquidity of the market for the ETNs may vary
materially over time.
11. Market Capitalization means the product of (i) the Closing Price of the
ETNs on the date shown above and (ii) the total number of ETNs that have been
issued, including any held by JPMorgan Chase & Co. or one of its affiliates.
12. Maximum Market Capitalization means the product of (1) the closing price of
the ETNs on the date shown above and (2) 129 million which is the maximum
number of ETNs authorized for issuance.
13. The Daily Note Value reflects the cumulative performance of the VWAP level
of the index since April 1, 2009.
14. Sources: Reuters, JPMorgan. The values are calculated as of the date shown
above. The returns indicated reflect the percentage change over the specified
period ending on the date shown above, and are annualized where indicated. The
standard deviation and correlation are based on daily logarithmic returns over
the past 3 years. Compared to arithmetic returns, logarithmic returns are lower
for positive returns and have higher magnitude for negative returns. However,
for small return calculations, such as the daily returns set forth in the
charts above, the difference is expected to be minimal.
The returns, standard deviations and correlations are provided for
informational purposes only. Correlation refers to correlation of the relevant
index to the Alerian MLP Index. The returns are total returns for all the
indices which reflect the performance of each index, including dividends, but
do not include the Tracking Fee, the repurchase fee or any transaction costs or
expenses. Historical performance of the underlying Index is not indicative of
future performance of the underlying Index or the ETNs. There is no guarantee
that the Index or the ETNs will outperform any investment strategy.
15. Sources: Reuters, JPMorgan. As of the date shown above. Each of these
indices was calculated based on a level for such index set equal to 100 on the
date specified as the beginning of the "custom time period" selected above.
Historical performance of the underlying Index is not indicative of future
performance of the underlying Index or the ETNs. Fluctuations in the Index may
be more or less than that for the value of the ETNs. All returns displayed
above reflect the index performance including dividends, and are calculated
without deducting the Accrued Tracking Fee, repurchase fee or any applicable
transaction fees. There is no guarantee that the Index or the ETNs will
outperform any alternative investment strategy. Your payment at maturity or
upon early repurchase of the ETNs, as more fully described in the relevant
pricing supplement, is based on the VWAP Level of the Alerian MLP Index which
excludes dividends. The VWAP Level of the Index will most likely differ from
its closing level.
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Key Features
Main Benefits:
Exposure to a portfolio of energy MLPs through a single investment.
Quarterly coupons based on the cash distributions, if any, paid on the MLPs in
the Index, less fees.
No K-1 forms will be received by investors as a result of their investment in
the ETNs. The coupons are reported as ordinary income on Form 1099.
The ETNs trade on the NYSE, Arca.
There is no leverage to the MLPs in the ETN performance.
Main Risks:
An investment in the ETNs may result in a loss.
The ETNs are exposed to the credit risk of JPMorgan Chase & Co.
The ETNs may not have an active trading market and may not continue to be
listed over their term
The Intraday Intrinsic Value and Daily Note Value are not the same as the
closing price or any other trading price of the notes in the secondary market.
The ETNs are subject to a maximum issuance limitation of 129,000,000 ETNs,
which may cause the ETNs to trade at a premium relative to its IIV. Investors
that pay a premium for the ETNs could incur significant losses if that investor
sells its ETNs at a time when some or all of the premium is no longer present.
ETN investors should always consult their advisors before purchasing or selling
ETNs, particularly ETNs trading at a premium over their IIV.
The payment at maturity or upon early repurchase of the ETNs will be based on
the VWAP Level of the Index; and not on the closing level of the Index and not
to the published intraday Intrinsic NoteValue. The VWAP Level of the Index will
most likely differ from the closing level of the Index or the IIV or any
trading price on the secondary market.
The coupon payments on the ETNs will be variable and may be zero. The Accrued
Tracking Fee reduces the potential coupons and/or the payment at maturity or
upon early repurchase.
The Issuer's obligation to repurchase the ETNs is on a weekly basis and is
subject to substantial minimum size restrictions.
You will not know how much you will receive upon early repurchase at the time
that you elect we repurchase your ETNs. Early repurchase will be subject to a
repurchase fee.
Potential Conflicts: we and/or our affiliates act as calculation agent for the
ETNs and hedge our obligations under the ETNs.
The risks identified above are not exhaustive. You should also review carefully
the related "Risk Factors" section of the relevant product supplement and the
"Selected Risk Considerations" in the relevant market making supplement.
Back to Top
Disclaimer
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, market making supplement and term sheet if you so request by
calling toll-free 800-576-3529.
To the extent there are any inconsistencies between this website and the
relevant market making supplement, the relevant market making supplement,
including any hyperlinked information, shall supersede this website.
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.
"The Alerian MLP Index and Alerian MLP Total Return Index are trademarks of GKD
Index Partners and their use is granted under a license from GKD Index Partners
LLC".
S&P does not guarantee the accuracy and/or the completeness of the S&P 500R
Index or any data included therein and S&P shall have no liability for any
errors, omissions or interrruptions therein. S&P makes no warranty, express or
implied as to results to be obtained by any person or entity from the use of
the S&P 500R Index or any data included therein. S&P makes no express or
implied warranties, and expressly disclaimsall warranties of merchantability or
fitness for a particular purpose or use with respect to the S & P 500R Index or
any data included therein. Without limiting any of the foregoing, in no event
shall S&P have any liability for any special, punitive, indirect or
consequential damages (including lost profits), even if notified of the
possibility of such damages.
"Standard & Poor's," "S&P" and "S&P 500" are trademarks of the McGraw-Hill
Companies, Inc. This website is not sponsored, endorsed, sold or promoted by
S&P and S&P makes no representation regarding the advisability of purchasing
any of the ETNs.
The Dow Jones Industrial AverageSM is a product of Dow Jones Indexes, a
licensed trademark of CME Group Index Services LLC ("CME"). "Dow JonesRSM" ",
"Dow Jones Industrial Average , "DJIASM" and "Dow Jones Indexes" are service
marks of Dow Jones Trademark Holdings, LLC ("Dow Jones").
Dow Jones, CME and their respective affiliates do not:
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Sponsor, endorse, sell or promote the ETNs.
Recommend that any person invest in the ETNs.
Have any responsibility or liability for or make any decisions about the
timing, amount or pricing of the ETNs.
Have any responsibility or liability for the administration, management or marketing of the ETNs.
Consider the needs of the ETNs or the owners of the ETNs in determining,
composing or calculating the DJIA or have any obligation to do so.
Dow Jones, CME and their respective affiliates will not have any liability in
connection with the ETNs. Specifically,
Dow Jones, CME and their respective affiliates do not make any warranty,
express or implied, and Dow Jones, CME and their respective affiliates disclaim
any warranty about: The results to be obtained by the ETNs; The accuracy or
completeness of the DJIA or its data; The merchantability and the fitness for a
particular purpose or use of the DJIA or its data; Dow Jones, CME and/or their
respective affiliates will have no liability for any errors, omissions or
interruptions in the DJIA or its data; Under no circumstances will Dow Jones,
CME and/or their respective affiliates be liable for any lost profits or
indirect, punitive, special or consequential damages or losses, even if they
know that they might occur.
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Copyright [C] 2015 JPMorgan Exchange Traded | JPMorgan.com | Terms &
Conditions
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[GRAPHIC OMITTED]
[GRAPHIC OMITTED]
Footnote
1. Performance numbers reflect the actual coupons paid by the ETN. For the
purpose of determining the performance we have assumed the coupon payments have
been reinvested to purchase additional units of the ETN as of their respective
Coupon Ex-Dates. The calculation was performed assuming a starting level of
100% on the date specified as the beginning of the "custom time period"
selected above. Historical performance of the ETNs is not indicative of future
performance. Your payment at maturity or upon early repurchase of the ETNs, as
more fully described in the relevant pricing supplement, is based on the VWAP
Level of the Alerian MLP Index. In addition, your payment at maturity for each
ETN will not reflect the reinvestment of coupons. Instead. as long as you hold
the ETNs, you will receive a quarterly coupon whose amount is variable.
2. The coupons paid on the ETNs are based on the cash distributions, if any,
paid on the underlying MLPs, less the Accrued Tracking Fee. The coupons are
variable and may be zero.
Back to Top
Key Features Main Risks:
The ETNs may result in a loss.
The ETNs are exposed to the credit risk of JPMorgan Chase & Co.
The ETNs may not have an active trading market and may not continue to be
listed over their term
The Intraday Intrinsic Value and Daily Note Value are not the same as the
closing price or any other trading price of the notes in the secondary market.
The ETNs are subject to a maximum issuance limitation of 129,000,000 ETNs,
which may cause the ETNs to trade at a premium relative to its IIV. Investors
that pay a premium for the ETNs could incur significant losses if that investor
sells its ETNs at a time when some or all of the premium is no longer present.
ETN investors should always consult their advisors before purchasing or selling
ETNs, particularly ETNs trading at a premium over their IIV.
The payment at maturity or upon early repurchase of the ETNs will be based on
the VWAP Level of the Index and not on the closing level of the Index and not
to the published Intraday Intrinsic Note Value. The VWAP Level of the Index
will most likely differ from the closing level of the Index or the IIV or any
trading price on the secondary market.
The coupon payments on the ETNs will be variable and may be zero. The Accrued
Tracking Fee reduces the potential coupons and/or the payment at maturity or
upon early repurchase.
The Issuer's obligation to repurchase the ETNs is on a weekly basis and is
subject to substantial minimum size restrictions You will not know how much you
will receive upon early repurchase at the time that you elect we repurchase
your ETNs. Potential Conflicts: we and/or our affiliates act as calculation
agent for the ETNs and hedge our obligations under the ETNs.
The risks identified above are not exhaustive. You should also review carefully
the related "Risk Factors" section of the relevant product supplement and the
"Selected Risk Considerations" in the relevant pricing supplement.
Back to Top
Disclaimer
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, market supplement and term sheet if you so request by calling
toll-free 800-576-3529.
To the extent there are any inconsistencies between this website and the
relevant pricing supplement, the relevant pricing supplement, including any
hyperlinked information, shall supersede this website.
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 Select Index, Alerian MLP Select Total Return Index, Alerian MLP
Index and Alerian MLP Total Return Index are trademarks of GKD Index partners,
LLC".
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JPMorgan Alerian MLP Index ETN
Overview Performance Underlying Index Yield
Jump To: Footnote | Key Features | Disclaimer Alerian MLP Index
The Alerian MLP Index (the "Index") is a market-cap weighted, float-adjusted
index created to provide a comprehensive benchmark for investors to track the
performance of the energy MLP sector. The Index components are selected by
Alerian. Alerian is a registered investment advisor that exclusively manages
portfolios focused on midstream energy MLPs
[GRAPHIC OMITTED]
Top 10 Index Components
Underlying Index Underlying Ticker Weight
Enterprise Products Partners L EPD 16.66
Sunoco Logistics Partners SXL 3.0
Plains All American Pipeline L PAA 7.4
Energy Transfer Partners LP ETP 10.7
Magellan Midstream Partners MMP 7.5
Targa Resources Partners NGLS 2.8
Ernbridge Entergy Partners LP EEP 3.2
Buckeye Partners LP WPZ 4.2
MarkWest Energy Partners LP MWE 6.3
------------------------------ ----------------- ------
As of: June 30, 2015
Footnote
1. Sources: Reuters, JPMorgan. The values are calculated as of the date shown
above. The returns indicated reflect the percentage change over the specified
period ending on the date shown above and are annualized where indicated. The
standard deviation and correlation are based on daily logarithmic returns over
the past 3 years. Compared to arithmetic returns, logarithmic returns are lower
for positive returns and have higher magnitude for negative returns. However,
for small return calculations, such as the daily returns set forth in the
charts above, the difference is expected to be minimal.The returns, standard
deviations and correlations are provided for informational purposes only.
Correlation refers to correlation of the relevant index to the Alerian MLP
Index. The returns are total returns for all the indices which reflect the
performance of each index, including dividends, but do not include the Tracking
Fee, the repurchase fee or any transaction costs or expenses.
Historical performance of the Index is not indicative of future performance of
the Index or the ETNs. There is no guarantee that the Index or the ETNs will
outperform any alternate investment strategy.
2. Sources: Reuters, JPMorgan. As of the date shown above. The Index was
calculated based on a level equal to 100 on the date specified as the beginning
of the "custom time period" selected above. Historical performance of the Index
is not indicative of future performance of the Index or the ETNs. Fluctuations
in the Index may be more or less than that for the value of the ETNs. All
returns displayed above reflect the index performance including dividends, and
are calculated without deducting the Accrued Tracking Fee, the repurchase fee
or any applicable transaction fees. There is no guarantee that the Index or the
ETNs will outperform any alternative investment strategy. Your repurchase fee,
payment at maturity or upon early repurchase of the ETNs, as more fully
described in the relevant market making supplement, is based on the VWAP Level
of the Alerian MLP Index which excludes dividends. The VWAP Level of the Index
will most likely differ from its closing level.
3. Source: Alerian.
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Key Features Main Risks:
The ETNs may result in a loss.
The ETNs are exposed to the credit risk of JPMorgan Chase & Co.
The ETNs may not have an active trading market and may not continue to be
listed over their term
The ETNs are subject to a maximum issuance limitation of 129,000,000 ETNs,
which may cause the ETNs to trade at a premium relative to its IIV. Investors
that pay a premium for the ETNs could incur significant losses if that investor
sells its ETNs at a time when some or all of the premium is no longer present.
ETN investors should always consult their advisors before purchasing or selling
ETNs, particularly ETNs trading at a premium over their IIV.
The payment at maturity or upon early repurchase of the ETNs will be based on
the VWAP Level of the Index and not on the closing level of the Index. The VWAP
Level of the Index will most likely differ from the closing level of the Index
or the IIV.
The coupon payments on the ETNs will be variable and may be zero. The Accrued
Tracking Fee reduces the potential coupons and/or the payment at maturity or
upon early repurchase.
The Issuer's obligation to repurchase the ETNs is on a weekly basis and is
subject to substantial minimum size restrictions. Potential Conflicts: we
and/or our affiliates act as calculation agent for the ETNs and hedge our
obligations under the ETNs. You will not know how much you will receive upon
early repurchase at the time that you elect we repurchase your ETNs.
The risks identified above are not exhaustive. You should also review
carefully the related "Risk Factors" section of the relevant product supplement
and the "Selected Risk Considerations" in the relevant pricing supplement.
Back to Top
Disclaimer
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, market making supplement and term sheet if you so request by
calling toll-free 800-576-3529.
To the extent there are any inconsistencies between this website and the
relevant market making supplement, the relevant market making supplement,
including any hyperlinked information, shall supersede this website.
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.
Back to Top
Copyright [C] 2015 JPMorgan Exchange Traded | JPMorgan.com | Terms &
Conditions
6
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JPMorgan Alerian MLP Index ETN
Overview Performance Underlying Index Yield
Jump To: Footnote | Key Features | Disclaimer JPMorgan Alerian MLP Index ETN
Alerian MLP Index Exchange Traded Notes ("ETNs") provide investors a way to
gain exposure to midstream energy MLPs. The ETNs pay a variable quarterly
coupon linked to the cash distributions paid on the MLPs in the index, less
accrued tracking fees1. The ETN coupons are reported on Form 1099s and
therefore eliminate the administrative burden associated with K-1 forms.
Investors can trade
the ETNs on the NYSE, Arca exchange or receive a cash payment at the scheduled
maturity or upon early repurchase2, based on the performance of the index less
accrued tracking fees and, if applicable, the repurchase fee. The ETNs are
senior, unsecured obligations of JPMorgan Chase & Co.
ETN Size Limitation
The ETNs are subject to a maximum issuance limitation of 129,000,000 ETNs,
which may cause the ETNs to trade at a premium relative to the indicative note
value. Investors that pay a premium for the ETNs could incur significant losses
if that investor sells its ETNs at a time when some or all of the premium is no
longer present. We issued the remaining 11,050,000 ETNs authorized for issuance
on June 19, 2012.
[GRAPHIC OMITTED]
Historical Coupon Amounts
Sr. Declaration Date Ex-Date Record Date Payment Date Coupon Note Amount $(3) per Current Yield %(4)
1 20 Aug 2015 26 Aug 2015 28 Aug 2015 08 Sep 2015 .5722 6.3
2 18 Feb 2015 26 Feb 2015 02 Mar 2015 10 Mar 2015 .5882 5.1
3 19 Nov 2014 26 Nov 2014 01 Dec 2014 09 Dec 2014 0.598 4.7
4 20 Aug 2014 26 Aug 2014 28 Aug 2014 08 Sep 2014 0.5833 4.4
5 16 May 2014 27 May 2014 29 May 2014 06 Jun 2014 0.5810 4.7
6 19 Feb 2014 27 Feb 2014 03 Mar 2014 11 Mar 2014 0.5655 4.8
7 18 Nov 2013 26 Nov 2013 29 Nov 2013 09 Dec 2013 0.5787 5.0
8 16 Aug 2013 26 Aug 2013 28 Aug 2013 06 Sep 2013 0.5591 4.9
9 17 May 2013 24 May 2013 29 May 2013 06 Jun 2013 0.5378 4.6
10 19 Feb 2013 27 Feb 2013 01 Mar 2013 11 Mar 2013 0.5131 4.7
11 19 Nov 2012 27 Nov 2012 29 Nov 2012 07 Dec 2012 0.5225 5.6
12 16 Aug 2012 24 Aug 2012 28 Aug 2012 06 Sep 2012 0.5092 5.2
13 23 May 2012 24 May 2012 29 May 2012 06 Jun 2012 0.5187 5.5
14 16 Feb 2012 27 Feb 2012 29 Feb 2012 08 Mar 2012 0.4729 4.6
15 17 Nov 2011 25 Nov 2011 29 Nov 2011 07 Dec 2011 0.4897 5.3
16 19 Aug 2011 24 Aug 2011 26 Aug 2011 06 Sep 2011 0.4845 5.6
17 20 May 2011 25 May 2011 27 May 2011 07 Jun 2011 0.4865 5.3
18 18 Feb 2011 25 Feb 2011 01 Mar 2011 09 Mar 2011 0.4440 4.6
19 18 Nov 2010 24 Nov 2010 29 Nov 2010 07 Dec 2010 0.4522 5.0
20 18 Aug 2010 25 Aug 2010 27 Aug 2010 07 Sep 2010 0.4509 5.5
21 18 May 2010 26 May 2010 28 May 2010 08 Jun 2010 0.4481 6.0
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Historical Coupon Amounts
Sr. Declaration Date Ex-Date Record Date Payment Date Coupon Note Amount $(3) per Current Yield %(4)
22 19 Feb 2010 25 Feb 2010 01 Mar 2010 09 Mar 2010 0.4428 6.0
23 18 Nov 2009 25 Nov 2009 30 Nov 2009 08 Dec 2009 0.4431 6.7
24 19 Aug 2009 26 Aug 2009 28 Aug 2009 08 Sep 2009 0.4361 7.3
25 26 May 2009 27 May 2009 29 May 2009 08 Jun 2009 0.4507 8.2
--- --------------------- ----------- ------------- -------------- --------------------------- ------------------
Footnote
1. The "Accrued Tracking Fee" for a given coupon period, as more fully
described in the relevant market making supplement, represents an amount equal
to the Tracking Fee of 0.85% per annum accrued for that coupon period
multiplied by the Daily Note Value 5 on the Index Business Day prior to the
date of determination, plus the aggregate amounts, if any, by which the
previous Accrued Tracking Fees have exceeded the cash distributions, if any,
made by the underlying MLPs.
2. Investors may request on a weekly basis that the Issuer repurchase a minimum
of 50,000 notes prior to the maturity date, subject to the procedures described
in the relevant market making supplement. Early repurchases will be subject to
a Repurchase Fee of 0.125% , as further described in the relevant market making
supplement.
3. The Coupon Amount per Note is as defined in the relevant market making
supplement for the ETNs. The coupons are based on the cash distributions, if
any, paid on the underlying MLPs, less the Accrued Tracking Fee. The coupons
are variable and may be zero.
4. "Current Yield" equals the current Coupon Amount annualized and divided by
the relevant closing price of the Notes, rounded to one decimal place for ease
of analysis. Except for the coupon determined in May 2009, the relevant closing
price is the closing price of the Notes referenced in the coupon declaration
press release issued for that coupon. For the coupon determined in May 2009 the
relevant closing price is the closing price of the Notes on the trading day
immediately preceding that Declaration Date.
5. The Daily Note Value reflects the cumulative performance of the VWAP level
of the index since April 1, 2009
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Key Features Main Risks:
The ETNs may result in a loss.
The ETNs are exposed to the credit risk of JPMorgan Chase & Co.
The ETNs may not have an active trading market and may not continue to be
listed over their term
The Intraday Intrinsic Note value and Daily Note Value are not the same as the
closing price or any other trading price of the ETNs in the secondary market.
The ETNs are subject to a maximum issuance limitation of 129,000,000 ETNs,
which may cause the ETNs to trade at a premium relative to its IIV. Investors
that pay a premium for the ETNs could incur significant losses if that investor
sells its ETNs at a time when some or all of the premium is no longer present.
ETN investors should always consult their advisors before purchasing or selling
ETNs, particularly ETNs trading at a premium over their IIV.
The payment at maturity or upon early repurchase of the ETNs will be based on
the VWAP Level of the Index and not on the closing level of the Index and not
to the published Intraday Intrinsic Note Value. The VWAP Level of the Index
will most likely differ from the closing level of the Index or the IIV or any
trading price in the secondary market.
The coupon payments on the ETNs will be variable and may be zero. The Accrued
Tracking Fee reduces the potential coupons and/or the payment at maturity or
upon early repurchase.
Potential conflicts: We and/or our affiliates act as calculation agent for the
ETNs and hedge our obligations under the ETNs. The Issuer's obligation to
repurchase the ETNs is on a weekly basis and is subject to substantial minimum
size restrictions You will not know how much you will receive upon early
repurchase at the time that you elect we repurchase your ETNs.
The risks identified above are not exhaustive. You should also review carefully
the related "Risk Factors" section of the relevant product supplement and the
"Selected Risk Considerations" in the relevant market making supplement.
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Disclaimer
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, market making supplement and term sheet if you so request by
calling toll-free 800-576-3529.
To the extent there are any inconsistencies between this website and the
relevant market making supplement, the relevant market making supplement,
including any hyperlinked information, shall supersede this website.
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.
"The Alerian MLP Index and Alerian MLP Total Return Index are trademarks of
Alerian and their use is granted under a license from GKD Index Partners,
LLC".
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