FWP 1 dp35880-fwp.htm FORM FWP
 
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-177923
Dated January 31, 2013


JPMorgan ETF Efficiente 5 Index

MULTI-ASSET AND MULTI-REGION DYNAMIC ASSET ALLOCATION

EFFICIENT FRONTIER

Launched in October 2010, the JPMorgan ETF Efficiente 5 Index features:

[] Dynamic asset allocation: Allocates across several exchange-traded  funds
and  a cash index, with monthly rebalancing.  The levels of the JPMorgan ETF
Efficiente 5 Index re[]ect the performance of the index components above the
cash index and deduct a daily adjustment factor of 0.50%  per annum []
Efficient frontier and Momentum: Portfolio optimization methodology based on
momentum and the efficient frontier concept [] Multi-asset  and multi-region:
Wide range of asset classes and geographic regions represented [] Volatility
Target: Targets a volatility of 5% for the strategy [] Access: Investors can
access the index via J. P.  Morgan issued certi[]cates of deposits and notes,
each of which is subject to the credit risk of the particular issuer

J. P. Morgan Structured Investments | 800 576 3529 | si.jpmorgan.com


Index Returns Since Launch(1)

      Jan  Feb   Mar  Apr  May    Jun   Jul Aug  Sep   Oct  Nov   Dec  Full Year
2010                                                        -1.9% 0.6%
      Jan  Feb   Mar  Apr  May    Jun   Jul Aug  Sep   Oct  Nov   Dec  Full Year
2011 -0.2% 1.8% 0.5%  1.4% -1.0% -1.3% 3.9% 3.1% 0.5% 1.4%  0.4%  0.7%  11.6%
      Jan  Feb   Mar  Apr  May    Jun   Jul Aug  Sep   Oct  Nov   Dec  Full Year
2012 0.7%  0.3% -0.9% 1.3% -0.4% 1.4%  2.7% 0.3% 0.0% -0.2% 0.8%  0.7%  6.9%

The Index may be partially univested, may not be successful, may not outperform
any alternative strategy related to its components and may not achieve its
target volatility of 5%.
The Index is rebalanced monthly with maximum weighting caps applied to the ETFs
by asset type and geographic region, which may limit returns.

[]Represents the monthly and full calendar year performance of the Index based
on, as applicable to the relevant measurement period, the actual historical
performance of the Index based on the daily Index closing level from October
31, 2010 through December 31, 2012. Past performance is not indicative of
future returns.

JPMorgan Chase and Co. has []led a registration statement (including a
prospectus) with the SEC for any notes offering to which this communication
relates. Before you invest, you should read the prospectus in that registration
statement and the other documents relating to any notes offering that JPMorgan
Chase and Co. has []led with the SEC for more complete information about JPMorgan
Chase and Co. and that offering. You may get these documents without cost by
visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, JPMorgan Chase
and Co., any agent or any dealer participating in that offering will arrange to
send you the prospectus if you so request by calling 1-800-576-3529.

This material is not the product of J.P. Morgan Research Departments. J.P.
Morgan is the marketing name for JPMorgan Chase and Co. and its subsidiaries and
affiliates worldwide. J.P. Morgan Securities LLC is a member of NYSE and SIPC.
[C]2013 JPMorgan Chase and Co. All rights reserved.
January 2013