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March 2013 Pricing Sheet dated March 28, 2013 to Amendment No. 1 dated March 4, 2013 to Preliminary Terms No. 29 dated February 28, 2013 Registration Statement No. 333-177923 Filed pursuant to Rule 433 |
Structured Investments
Opportunities in International Equities
PLUS Based on the iShares® MSCI Brazil Capped Index Fund due May 1, 2014
Performance Leveraged Upside SecuritiesSM
| PRICING TERMS — MARCH 28, 2013 | |
| Issuer: | JPMorgan Chase & Co. |
| Maturity date: | May 1, 2014, subject to adjustment for certain market disruption events and as described under “Description of PLUS — Payment at Maturity” in the accompanying product supplement no. MS-1-I |
| ETF Shares: | Shares of the iShares® MSCI Brazil Capped Index Fund |
| Reference index: | MSCI Brazil 25/50 Index |
| Aggregate principal amount: | $1,822,700 |
| Payment at maturity: | If the final share price is greater than the initial share price, for each $10 stated principal amount PLUS, |
| $10 + leveraged upside payment | |
| In no event will the payment at maturity exceed the maximum payment at maturity. | |
| If the final share price is less than or equal to the initial share price, for each $10 stated principal amount PLUS, | |
| $10 × share performance factor | |
| This amount will be less than or equal to the stated principal amount of $10 per PLUS. | |
| Leveraged upside payment: | $10 × leverage factor × share percent increase |
| Share percent increase: | (final share price – initial share price) / initial share price |
| Share performance factor: | final share price / initial share price |
| Initial share price: | The closing price of one ETF Share on the pricing date, which is $54.48, divided by the adjustment factor |
| Adjustment factor: | Set equal to 1.0 on the pricing date, subject to adjustment under certain circumstances. See “General Terms of PLUS — Anti-Dilution Adjustments” in the accompanying product supplement no. MS-1-I. |
| Final share price: | The closing price of one ETF Share on the valuation date |
| Valuation date: | April 28, 2014, subject to adjustment for non-trading days or certain market disruption events and as described under “Description of PLUS — Postponement of a Determination Date” in the accompanying product supplement no. MS-1-I |
| Leverage factor: | 300% |
| Maximum payment at maturity: | $11.65 (116.50% of the stated principal amount) per PLUS. |
| Stated principal amount: | $10 per PLUS |
| Issue price: | $10 per PLUS (see “Commissions and issue price” below) |
| Pricing date: | March 28, 2013 |
| Original issue date: | April 4, 2013 (5 business days after the pricing date) |
| CUSIP / ISIN: | 48124B642 / US48124B6424 |
| Listing: | The PLUS will not be listed on any securities exchange. |
| Agent: | J.P. Morgan Securities LLC (“JPMS”) |
| Commissions and issue price: | Price to Public(1)(2) | Fees and Commissions(2)(3) | Proceeds to Issuer |
| Per PLUS | $10.00 | $0.20 | $9.80 |
| Total | $1,822,700.00 | $36,454.00 | $1,786,246.00 |
| (1) | The price to the public includes the estimated cost of hedging our obligations under the PLUS through one or more of our affiliates, which includes our affiliates’ expected cost of providing such hedge as well as the profit our affiliates expect to realize in consideration for assuming the risks inherent in providing such hedge. For additional related information, please see “Use of Proceeds and Hedging” beginning on PS-31 of the accompanying product supplement no. MS-1-I. |
| (2) | The actual price to public and commissions for a particular investor may be reduced for volume purchase discounts depending on the aggregate amount of PLUS purchased by that investor. The lowest price payable by an investor is $9.925 per PLUS. Please see “Syndicate Information” on page 12 of the accompanying preliminary terms for further details. |
| (3) | JPMS, acting as agent for JPMorgan Chase & Co., received a commission of $0.20 per $10 stated principal amount PLUS and used all of that commission to allow selling concessions to Morgan Stanley Smith Barney LLC. See “Underwriting (Conflicts of Interest)” beginning on page PS-46 of the accompanying product supplement no. MS-1-I. |
The PLUS are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.
You should read this document together with the preliminary terms describing the offering related product supplement no. MS-1-I, UNDERLYING SUPPLEMENT NO. 1-I, prospectus supplement and prospectus, each of which can be accessed via the hyperlinks below. Please also see “Additional Information About the PLUS” at the end of this document.
Amendment No. 1 to Preliminary Terms no. 29 dated March 4, 2013: http://www.sec.gov/Archives/edgar/data/19617/000095010313001507/crt_dp36721-fwp.pdf
Product supplement no. MS-1-I dated November 22, 2011: http://www.sec.gov/Archives/edgar/data/19617/000089109211007774/e46120_424b2.pdf
Underlying supplement no. 1-I dated November 14, 2011: http://www.sec.gov/Archives/edgar/data/19617/000089109211007615/e46154_424b2.pdf
Prospectus supplement dated November 14, 2011: http://www.sec.gov/Archives/edgar/data/19617/000089109211007578/e46180_424b2.pdf
Prospectus dated November 14, 2011: http://www.sec.gov/Archives/edgar/data/19617/000089109211007568/e46179_424b2.pdf
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free (800) 869-3326.