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North America Structured Investments
3yr Auto Callable Review Notes
Overview
May be appropriate for investors who seek early exit prior to maturity at a
premium if, on any Review Date, the Index closing level of each of the Indices
is at or above its Call Level. If the notes have not been automatically called,
investors will receive their principal back at maturity if the Ending Index
Level of each Index is less than its Initial Index Level by up to the
Contingent Buffer Amount, but will lose some or all of their principal if the
Ending Index Level of either Index is less than its Initial Index Level by more
than the Contingent Buffer Amount.
You may lose some or all of your principal at maturity. Any payment on the
notes is subject to the credit risk of JPMorgan Chase & Co.
Summary of Terms
Issuer: JPMorgan Chase & Co.
Minimum Denomination: $1,000.00
Indices: Russell 2000[R] Index (RTY) and S&P 500[R] Index (SPX)
Pricing Date: August 22, 2014
Final Review Date: August 22, 2017
Maturity Date: August 25, 2017
Review Dates:
Payment if Called*: For every $1,000 principal amount note, you will receive one payment of $1,000 plus a
call premium amount, calculated as follows:
between 8.50% and 9.50%* x $1,000 if automatically called on the first
Review Date
between 17.00% and 19.00%* x $1,000 if automatically called on the
second Review Date
between 25.50% and 28.50%* x $1,000 if automatically called on the final
Review Date
Contingent Buffer Amount: 30%
CUSIP: 48127DUD8
Preliminary Term sheet: http://sp.jpmorgan.com/document/cusip/48127DUD8/doctype/Product_Termsheet/document.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.
* To be determined on the Pricing Date, but not less than 8.50% per annum.
Automatic Call
If the Index closing level of each Index on any Review Date is greater than or
equal to the applicable Call Level, the notes will be automatically called for
a cash payment per $1,000 principal amount note that will vary depending on the
applicable Review Date and call premium and that will be payable on the
applicable Call Settlement Date.
Payment at Maturity
If the notes have not been automatically called and the Ending Index Level of
each Index is greater than or equal to its Initial Index Level, you will
receive a cash payment at maturity, for each $1,000 principal amount note,
equal to $1,240. If the notes have not been automatically called and the Ending
Index Level of each Index is less than its Initial Index Level by up to the
Contingent Buffer Amount, you will receive the principal amount of your notes
at maturity. If the notes have not been automatically called and the Ending
Index Level of either Index is less than its Initial Index Level by more than
the Contingent Buffer Amount, 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.
Hypothetical Amount Payable**
-------------------------------------------------- -----------------
Total Return if Total Return if
Lesser Performing Total Return at
Called at First Called at Second
Index Return Final Review Date
Review Date Review Date
----------------- --------------- ---------------- -----------------
80.00% 8.50% 17.00% 25.50%
----------------- --------------- ---------------- -----------------
60.00% 8.50% 17.00% 25.50%
----------------- --------------- ---------------- -----------------
40.00% 8.50% 17.00% 25.50%
----------------- --------------- ---------------- -----------------
20.00% 8.50% 17.00% 25.50%
----------------- --------------- ---------------- -----------------
5.00% 8.50% 17.00% 25.50%
----------------- --------------- ---------------- -----------------
0.00% 8.50% 17.00% 25.50%
----------------- --------------- ---------------- -----------------
-5.00% N/A N/A 0.00%
----------------- --------------- ---------------- -----------------
-20.00% N/A N/A 0.00%
----------------- --------------- ---------------- -----------------
-25.00% N/A N/A 0.00%
----------------- --------------- ---------------- -----------------
-30.00% N/A N/A 0.00%
----------------- --------------- ---------------- -----------------
-30.01% N/A N/A -30.01%
----------------- --------------- ---------------- -----------------
-80.00% N/A N/A -80.00%
----------------- --------------- ---------------- -----------------
-100.00% NA NA -100.00%
** The hypothetical returns 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
Payment at Maturity (Continued)
If the notes have not been automatically called and the Ending Index Level of
either Index is less than its Initial Index Level by more than the Contingent
Buffer Amount, you will lose more than 30.00% of you principal amount and could
lose up to the entire principal amount of your notes at maturity.
Capitalized terms used but not defined herein shall have the meaning set forth
in the preliminary term sheet.
J.P. Morgan Structured Investments | 1 800 576 3529 |
jpm_structured_investments@jpmorgan.com
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