Filed Pursuant to Rule 433
Registration No. 333-191692
Dated: January 15, 2015
Pricing Term Sheet
This term sheet supplements the information set forth under “Description of the Notes” in the Prospectus Supplement, subject to completion, dated January 15, 2015 to the Prospectus dated October 11, 2013.
| Issuer: | JPMorgan Chase & Co. | |
| Ratings*: | A3/A/A+ | |
| Currency: | USD | |
| Security Type: | SEC Registered Senior Notes | |
| Security: | Floating Rate Notes due 2020 | |
| Size: | $1,150,000,000 | |
| Maturity: | January 23, 2020 | |
| Re-offer Spread to Index: | +95.5 basis points | |
| Payment Frequency: | Quarterly | |
| Day Count Convention: | Actual/360 | |
| Price to Public: | 100% of face amount | |
| Proceeds (Before Expenses) to Issuer: | $1,145,975,000 (99.65%) | |
| Interest Payment Dates: | January 23, April 23, July 23 and October 23 of each year, commencing April 23, 2015 | |
| Business Day: Reset Frequency: |
New York and London Quarterly | |
| Payment Frequency: | Quarterly | |
| CUSIP/ISIN: | 46625H KB5/US46625HKB59 | |
| Trade Date: | January 15, 2015 | |
| Settlement Date: | January 23, 2015 (T+5) | |
| Denominations: | $2,000 x $1,000 | |
| Sole Bookrunner: | J.P. Morgan Securities LLC | |
| Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC BBVA Securities Inc. Credit Agricole Securities (USA) Inc. Capital One Southcoast, Inc. Danske Markets Inc. Fifth Third Securities, Inc. ING Financial Markets LLC Banca IMI S.p.A. Mizuho Securities USA Inc. RBS Securities Inc. Scotia Capital (USA) Inc. Standard Chartered Bank SunTrust Robinson Humphrey, Inc. TD Securities (USA) LLC | |
| Loop Capital Markets LLC Mischler Financial Group, Inc. Ramirez & Co., Inc. | ||
| The Williams Capital Group, L.P. Academy Securities, Inc. |
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
Certain of the Underwriters are not U.S. registered broker-dealers, and will not effect any offers or sales of any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of the Financial Industry Regulatory Authority, Inc.
Settlement Period: The closing will occur on January 23, 2015 which will be more than three U.S. business days after the date of this pricing term sheet. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in three business days, unless the parties to a trade expressly agree otherwise.
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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