JPMORGAN CHASE & CO.
Filed Pursuant to Rule 433
Registration No.333-146731
Dated: September 15, 2009
Pricing Term Sheet
This term sheet supplements the information set forth under "Description of the Notes" in the Prospectus Supplement, subject to completion, dated May 13, 2009 to the Prospectus dated October 16, 2007.
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Issuer: |
JPMorgan Chase & Co. |
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Security: |
3.70% Notes due 2015 |
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Ratings: |
Aa3/A+/AA- |
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Currency: |
USD |
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Size: |
$1,500,000,000 |
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Security Type: |
SEC Registered Senior Notes. The Notes are not guaranteed under the Federal Deposit Insurance Corporation's Temporary Liquidity Guarantee Program. |
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Maturity: |
January 20, 2015 |
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Coupon: |
3.70% |
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Payment Frequency: |
Semi-Annually |
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Day Count Convention: |
30/360 |
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Benchmark Treasury: |
2.375% US Treasury due 08/14 |
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Spread to Benchmark Treasury: |
+135 bps |
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Benchmark Treasury Spot and Yield: |
99-29; 2.395% |
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Price to Public: |
99.788% of face amount |
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Yield to maturity: |
3.745% |
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Proceeds (Before Expenses) to Issuer: |
$1,491,570,000 (99.438%) |
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Interest Payment Dates: |
January 20 and July 20 of each year, commencing January 20, 2010 |
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Trade Date: |
September 15, 2009 |
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Settlement Date: |
September 18, 2009 (T+3) |
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Denominations |
$2,000 x $1,000 |
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CUSIP/ISIN: |
46625HHP8 / US46625HHP82 |
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Sole Bookrunner: |
J.P. Morgan Securities Inc. |
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Co-Managers: |
Cabrera Capital Markets, LLC |
JPMorgan Chase & Co. has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement) with the Securities and Exchange Commission, or SEC, for the offering to which this term sheet relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and any 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, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect 1-212-834-4533.
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