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 and Co.

Summary of Terms
Issuer: JPMorgan Chase and Co.
Minimum Denomination: $1,000.00
Indices: Russell 2000[R] Index (RTY) and SandP 500[R] Index (SPX) Pricing Date:
September 19, 2014
Final Review Date: September 19, 2017
Maturity Date: September 22, 2017
Review Dates: September 28, 2015 (first Review Date), September 19, 2016
(second Review Date) and September 19, 2017 (final Review Date) 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 8.40%
and 9.40%*  [] $1,000  if automatically called on the first   Review Date
between 16.80  % and 18.80%  * [] $1,000  if automatically called on the
second Review Date   between 25.20%  and 28.20%*  [] $1,000  if automatically
called on the final   Review Date
Contingent Buffer Amount: 30%
CUSIP: 48127DYP7
Preliminary Term sheet:  http://sp. jpmorgan.
com/document/cusip/48127DYP7/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 8.40%  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 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 its Initial Index Level, you will receive a
cash payment at maturity, for each $1,000 principal amount note, equal to
$1,252. 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%           8.40%            16.80%           25.20%
----------------- --------------- ---------------- -----------------
    60.00%           8.40%            16.80%           25.20%
----------------- --------------- ---------------- -----------------
    40.00%           8.40%            16.80%           25.20%
----------------- --------------- ---------------- -----------------
    20.00%           8.40%            16.80%           25.20%
----------------- --------------- ---------------- -----------------
    10.00%           8.40%            16.80%           25.20%
----------------- --------------- ---------------- -----------------
     0.00%           8.40%            16.80%           25.20%
----------------- --------------- ---------------- -----------------
     -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

North America Structured Investments

3yr Auto Callable Review Notes

Selected Benefits Selected Risks (continued)
[] Fixed appreciation potential [] JPMS' estimated value does not represent
future values and may differ from others'
[] Potential early exit with appreciation as a result of automatic call
feature.  estimates.
Selected Risks [] The notes' value which may be reflected in customer account
statements may be higher than JPMS' then current estimated value.
[] Your investment in the notes may result in a loss.  The notes do not
guarantee any return of

                [] JPMS' estimated value is not determined by reference to our
credit spreads for our principal.
[] Any payment on the notes is subject to our credit risk.  Therefore the value
of the notes prior to conventional fixed rate debt.  maturity are subject to
changes in the market's view of our creditworthiness.  [] Lack of liquidity:
JPMorgan Securities, LLC, acting as agent for the Issuer (and who we
[] You are exposed to the risks of the decline in value of each Index. refer to
as JPMS), intends to offer to purchase the notes in the secondary market but is
not
[] Your payment at maturity may be determined by the lesser performing Index.
required to do so.  The price, if any, at which JPMS will be willing to
purchase notes from you
[] Return is limited to the principal amount plus call premium regardless of
any appreciation of the in the secondary market, if at all, may result in a
significant loss of your principal.  Indices, which may be significant.  []
Potential conflicts: we and our affiliates play a variety of roles in
connection with the
[] If the notes have not been automatically called and a Trigger Event has
occurred, you will lose 1% issuance of notes, including acting as calculation
agent, hedging our obligations under the of your principal for every 1% the
final level of the lesser performing Underlying is less than its notes and
making the assumptions to determine the pricing of the notes and the estimated
Initial Level.  value of the notes when the terms of the notes are set.  It is
possible that such hedging or
[] The benefit provided by the Contingent Buffer Amount may terminate on the
Final Review Date.  other trading activities of JPMorgan or its affiliates
could result in substantial returns for
[] The automatic call feature may force a potential early exit.  There is no
guarantee you will be able JPMorgan and its affiliates while the value of the
notes decline.  to reinvest the proceeds at a comparable interest rate for a
similar level of risk.  [] The tax consequences of the notes may be uncertain.
You should consult your tax adviser
[] No interest or dividend payments, voting rights, or ownership rights with
the securities included in regarding the U. S.  federal income tax consequences
of an investment in the notes. the Index.
[] You are exposed to the risks associated with small capitalization companies.

The risks identified above are not exhaustive.  Please see "Risk Factors" in
the applicable product supplement and "Selected Risk Considerations" to the
applicable term sheet for additional information.

Disclaimer
SEC Legend: JPMorgan Chase and Co. has filed a registration statement (including
a prospectus) with the SEC for any offering to which these materials relate.
Before you invest, you should read the prospectus in that registration
statement and the other documents relating to this offering that JPMorgan Chase
and Co. has filed with the SEC for more complete information about JPMorgan Chase
and Co. and this offering. You may get these documents without cost by visiting
EDGAR on the SEC Web site at www.sec.gov. Alternatively, JPMorgan Chase and Co.,
any agent or any dealer participating in the this offering will arrange to send
you the prospectus and the prospectus supplement as well as any product
supplement and term sheet if you so request by calling toll-free
1-866-535-9248.

IRS Circular 230 Disclosure: JPMorgan Chase and Co. and its affiliates do not
provide tax advice. Accordingly, any discussion of U.S. tax matters contained
herein (including any attachments) is not intended or written to be used, and
cannot be used, in connection with the promotion, marketing or recommendation
by anyone unaffiliated with JPMorgan Chase and Co. of any of the matters address
herein or for the purpose of avoiding U.S. tax-related penalties.

Investment suitability must be determined individually for each investor, and
the financial instruments described herein may not be suitable for all
investors. This information is not intended to provide and should not be relied
upon as providing accounting, legal, regulatory or tax advice. Investors should
consult with their own advisors as to these matters.

This material is not a product of J.P. Morgan Research Departments.

J.P. Morgan Structured Investments | 1 800 576 3529 |
jpm_structured_investments@jpmorgan.com