J P M O R G A N  U S  S E C T O R  R O T A T O R  8  I N D E X  P E R F O R M A N C E  D E T A I L S

September 2014
           J.P.Morgan
           cov

J.P. Morgan U.S. Sector Rotator 8 Index Performance Details

J.P. Morgan U.S. Sector Rotator 8 Index (the "Index") Performance -- Bloomberg JPUSSC8E Index

      2004      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index 0.94%  0.23%  -1.01% -4.73% -0.31% 1.39%  -1.23% 2.03%  -0.08% 1.04%  2.92%  0.59%   1.57%
      2005      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index -2.34% 1.13%  -0.84% 1.25%  1.33%  0.28%  2.72%  -1.38% -0.90% -1.48% 0.47%  -0.27%  -0.16%
      2006      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index 2.03%  -0.62% 1.22%  0.39%  -2.02% -0.52% 1.55%  1.34%  0.65%  2.73%  1.90%  -0.48%  8.37%
      2007      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index 2.20%  -1.96% 0.20%  1.85%  2.23%  -0.95% 0.65%  1.08%  0.92%  0.75%  -0.46% -0.73%  5.83%
      2008      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index -2.39% -0.17% 0.06%  0.75%  0.82%  -1.73% -0.99% 0.50%  -2.69% -2.72% 1.36%  2.37%   -4.87%
      2009      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index -0.07% -2.28% 1.40%  2.25%  0.57%  0.17%  2.44%  1.27%  1.33%  -1.01% 2.46%  1.11%   9.96%
      2010      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index -3.31% 0.54%  2.97%  2.28%  -3.50% 1.88%  1.01%  -0.91% 1.06%  1.86%  0.51%  2.27%   6.61%
      2011      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index 2.04%  2.16%  -0.07% 1.85%  1.28%  -1.22% 0.91%  -1.69% -1.81% 1.02%  -0.20% 1.84%   6.15%
      2012      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index 0.53%  1.69%  2.42%  0.07%  -0.30% 0.59%  0.56%  -0.52% 2.00%  -0.55% -0.11% 0.23%   6.77%
      2013      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec   Full Year
JPUSSC8E Index 2.88%  0.71%  3.45%  3.09%  -1.85% -0.63% 1.77%  -2.32% 2.19%  2.61%  1.48%  2.03%  16.30%
      2014      Jan    Feb    Mar    Apr    May    Jun     Jul   Aug    Sep    Oct    Nov    Dec     YTD
JPUSSC8E Index -3.79% 2.02%  -0.08% 2.01%  1.06%  1.34%  -2.10% 3.49%                               3.80%

Please see key risks on the next page for additional information. Source: J.P.
Morgan. Past performance is not a guide to future performance. "JPUSSC8E Index"
refers to the performance of J.P. Morgan U.S. Sector Rotator 8 Index
(Bloomberg: JPUSSC8E Index). The levels of the Index incorporate an adjustment
factor of 0.50% 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 June 28, 2013, and the actual historical performance
of the Index based on daily closing levels from July 1, 2013 through August 29,
2014. 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

[] The Strategy comprises notional assets and liabilities
[] The Index may use leverage to increase the return from any Constituent
because the sum of the weights of the Basket Constituents included in the
synthetic portfolio underlying the Index may be greater than 100%, up to a
maximum total weight of 220%.  In particular, the use of leverage will magnify
any negative performance of the relevant Constituents which in turn could cause
you to receive a lower payment at maturity than you would otherwise receive.
[] The levels of the Index will include a daily deduction fee of 0.50%  per
annum.
[] 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.
[] Correlation of performance among the Index constituents may reduce the
performance of the Index.
[] Our affiliate, JPMS plc, is the Index Sponsor and Index Calculation Agent
and is responsible for calculating and maintaining the Index and developing
guidelines and policies governing the Index.  We and our affiliates are
entitled to exercise discretion in good faith and a commercially reasonable
manner in relation to the securities and the Index.  JPMS plc is under no
obligation to consider your interest as an investor with returns linked to the
Index.
[] The Index may not be successful, may not outperform any alternative strategy
related to the Index constituents, or may not achieve its target volatility of
8%.
[] The investment strategy involves monthly rebalancing and maximum weighting
caps applied to the Index constituents.
[] Changes in the value of the Index constituents may offset each other.
[] The Index was established on July 1, 2013 and has a limited operating
history.

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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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