North America Structured Investments
12m Auto Callable Contingent Interest Notes
Overview
May be appropriate for investors seeking contingent interest payments during
the term of the notes. If either Index is less than its initial level and a
Trigger Event, as defined below, has occurred investors have full downside
exposure to the least performing of the Indices. Under these circumstances the
payment at maturity will be made in cash based on the least performing Index.
The notes will be automatically called if the Index closing level of each Index
on any Review Date (other than the final Review Date) is greater than or equal
to its Initial Index Level.
You may lose some or all of your principal at maturity and may not receive any
contingent interest payments. Any payment on the notes is subject to the credit
risk of JPMorgan Chase and Co.
Summary of Terms
Issuer: JPMorgan Chase and Co.
Minimum Denomination: $1,000.00
Indices: Russell 2000[R] Index and iShares MSCI Emerging Markets ETF
Pricing Date: April 25, 2014 Final Review Date: April 27, 2015 Maturity Date:
April 30, 2015
Monitoring Period: The period from, but excluding, the Pricing Date to and
including the final Review Date Review Dates: July 28, 2014, October 28, 2014,
January 27, 2015, and April 27, 2015
Contingent Interest Rate: [6.50% -8.50%]* per annum, paid quarterly at a rate
of between 1.625% and 2.125%* quarterly, if applicable Interest Barrier/Trigger
Level: With respect to each Index, an amount that represents 70% of its Initial
Index Level.
Trigger Event A Trigger Event occurs if , on any day during the Monitoring
Period, the Index closing level of either Index is less than its Trigger Level
CUSIP: 48127DDH8
Preliminary Termsheet:
http://sp.jpmorgan.com/document/cusip/48127DDH8/doctype/Product_Termsheet/docum
ent.pdf
For more information about the estimated value of the notes, which likely will
be lower than the price you paid for the notes, please see the Hyperlink
above.
Automatic Call
If on any Review Date the Index closing level of each Index is greater than or
equal to its level on the Pricing Date, the Notes will be automatically called
and you will receive a cash payment for each $1,000 principal amount note,
equal to (a) $1,000 plus (b) the contingent interest payment applicable to that
Review Date.
Payment at Maturity
If the notes have not been automatically called and (i) the Ending Index Level
of each Index is greater than or equal to its Initial Index Level or (ii) a
Trigger Event has not occurred, you will receive a cash payment at maturity,
for each $1,000 principal amount note, equal to (a) $1,000 plus (b) the
Contingent Interest Payment applicable to the final Review Date.
If the notes have not been automatically called and (i) the Ending Index Level
of either Index is less than its Initial Index Level and (ii) a Trigger Event
has occurred, at maturity you will lose 1% of the principal amount of your
notes for every 1% that the Ending Index Level of the Lesser Performing Index
is less than its Initial Index Level, subject to any Contingent Interest
Payment payable at maturity. Under these circumstances, your payment at
maturity per $1,000 principal amount note, in addition to any Contingent
Interest Payment, will be calculated as follows: $1,000 + ($1,000 [] Lesser
Performing Index Return)
If the notes have not been automatically called and (i) the Ending Index Level
of either Index is less than its Initial Index Level and (ii) a Trigger Event
has occurred, you will lose some or all of your principal amount at maturity.
Capitalized terms used but not defined herein shall have the meanings set forth
in the preliminary term sheet.
Contingent Interest
If the Notes have not been automatically called and the closing level of both
Indices on any review date is greater than or equal to its Interest Barrier,
you will receive on the applicable interest payment date a contingent interest
payment equal to at least 1.625%* .
If the Index closing level of either Index on any Review Date is less than its
Interest Barrier, no Contingent Interest Payment will be made with respect to
that Review Date
* To be determined on the Pricing Date, but not less than 6.50% and not greater
than 8.50% per annum.
** The hypothetical returns and hypothetical interest payments on the notes
shown above apply only if you hold the notes for their entire term or until
automatically called. These hypotheticals do not reflect fees or expenses that
would be associated with any sale in the secondary market. If these fees and
expenses were included, the hypothetical returns and hypothetical interest
payments shown above would likely be lower
J.P. Morgan Structured Investments | 1 800 576 3529 |
jpm_structured_investments@jpmorgan.com
Hypothetical Returns**
Payment at Maturity
(6.50% per annum Payment at
Contingent Interest Maturity
Rate)
------------------ ------------------- ------------------
Least Performing If a Trigger Event If a Trigger Event
Index Return Has Not Occurred Has Occurred
------------------ ------------------- ------------------
60.00% $1,016.25 N/A
------------------ ------------------- ------------------
40.00% $1,016.25 N/A
------------------ ------------------- ------------------
20.00% $1,016.25 N/A
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5.00% $1,016.25 N/A
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0.00% $1,016.25 N/A
------------------ ------------------- ------------------
-5.00% $1,016.25 N/A
------------------ ------------------- ------------------
-20.00% $1,016.25 N/A
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-30.00% $1,016.25 N/A
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-30.01% N/A $699.90
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-60.00% N/A $400.00
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-80.00% N/A $200.00
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