Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-177923

Dated August 6, 2013

6 yr ETF Efficiente Note J.P.Morgan ================================================================================ North America Structured Investments OVERVIEW JPMorgan ETF Efficiente 5 Index (the "strategy") is a cross-asset strategy that aims to maximize returns per unit of risk by using portfolio optimization technology. The strategy uses the concept of the efficient frontier to select the optimum portfolio from a universe of 12 exchange-traded funds and a cash index, and aims to maximize returns while targeting a realized volatility of 5%. The strategy rebalances monthly and is non-discretionary. The Index levels incorporate an adjustment factor of 0.50% per annum which is deducted daily. Any payment on the notes is subject to the credit risk of JPMorgan Chase & Co. May be appropriate for investors requiring asset and geographical diversification and full repayment of principal at maturity, subject to the credit risk of JP Morgan Chase & Co. -------------------------------------------------------------------------------- Summary of Terms Issuer: JPMorgan Chase & Co. Minimum Denomination: $1,000 Index: JPMorgan ETF Efficiente 5 Index Index ticker: EEJPUS5E Participation Rate: 150%* Index Return: (Ending Index Level -- Starting Index Level) / Starting Index Level Pricing Date: August 27, 2013 Starting Index Level: The Index closing level on the pricing date Observation Date: August 27, 2019** Ending Index Level: The Index closing level on the Observation Date Maturity Date: August 30, 2019 ** CUSIP: 48126NMG9 ISIN: US48126NMG96 Preliminary Term Sheet: http://www.sec.gov/Archives/edgar/dat -------------------------------------- a/19617/000119312513319756/d5778 -------------------------------------- 40dfwp.htm -------------------------------------- For information about the estimated value of the notes, which likely will be lower than the price you paid for the notes, see the hyperlink above -------------------------------------------------------------------------------- Return Profile If the ending Index level is greater than its initial level, you will receive a cash payment that provides you with a return per $1,000 note equal to the Index return multiplied by the Participation Rate. If held to maturity you will receive a full repayment of principal on the notes, even if the Index declines, subject to the credit risk of JPMorgan Chase & Co. -------------------------------------------------------------------------------- *To be determined on the Pricing Date, but not less than 100% **Subject to postponement as described in the accompanying term sheet Hypothetical Returns*** [GRAPHIC OMITTED] Hypothetical Index Hypothetical Note Hypothetical Return Return Payment at Maturity ------------------ ----------------- ------------------- 80.00% 120.00% $2,200.00 ------------------ ----------------- ------------------- 50.00% 75.00% $1,750.00 ------------------ ----------------- ------------------- 30.00% 45.00% $1,450.00 ------------------ ----------------- ------------------- 20.00% 30.00% $1,300.00 ------------------ ----------------- ------------------- 10.00% 15.00% $1,150.00 ------------------ ----------------- ------------------- 0.00% 0.00% $1,000.00 ------------------ ----------------- ------------------- -10.00% 0.00% $1,000.00 ------------------ ----------------- ------------------- -20.00% 0.00% $1,000.00 ------------------ ----------------- ------------------- -30.00% 0.00% $1,000.00 ------------------ ----------------- ------------------- -50.00% 0.00% $1,000.00 ------------------ ----------------- ------------------- -80.00% 0.00% $1,000.00 *** The hypothetical returns and hypothetical payments on the notes shown above apply only at maturity. 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 payments shown above would likely be lower. *** Reflects a Participation Rate of 150% for illustrative purposes and assumes a $1,000 investment. -------------------------------------------------------------------------------- J.P. Morgan Structured Investments | 800 576 3529 | JPM_Structured_Investments@jpmorgan.com 1

6 yr ETF Efficiente Note J.P.Morgan ================================================================================ North America Structured Investments Selected Benefits [] The Notes offer full repayment of principal at maturity, subject to the credit risk of JPMorgan Chase & Co. [] The Index dynamically allocates among the following 12 ETFs (the "ETF Constituents") and the JPMorgan Cash Index USD 3 Month (the "Cash Constituent"), each a "Basket Constituent". [GRAPHIC OMITTED] Selected Risks [] The notes may not pay more than the principal amount at maturity. [] Payment on the Notes at maturity is subject to our credit risk. Therefore the value of the Notes prior to maturity will be subject to changes in the market's view of our creditworthiness. [] The stated payout of the note from the issuer, including the repayment of principal, only applies if you hold the notes to maturity. [] The note do not have any interest or dividend payments or voting rights. [] The strategy may not be successful. It may not outperform an alternative strategy related to the ETF Constituents. [] The strategy is subject to emerging markets risk, fixed income risks, currency exchange risk, real estate risk, ETF risks, small capitalization stock risk and the uncertain legal and regulatory regimes which govern commodities future contracts. [] Changes in the value of Basket Constituents may offset each other. [] The Index applies monthly rebalancing and weighting caps that may reduce your return. []The Index has a limited operating history. Hypothetical Back-tested data related to the Index do not represent actual historical data and are subject to inherent limitations. [] Upon the occurrence of a commodity hedging disruption event, the value of the additional amount will be determined by the calculation agent on the date of such event. Your payment at maturity will be based on, in part, a level of the Index prior to the Observation Date. [] Our affiliate, JPMS plc, is the index calculation agent and may adjust the Index in a way that affects its level. [] The Index may be partially uninvested. Any uninvested portion will earn no return. [] The tax consequences of the Notes may be uncertain. You should consult your tax adviser regarding the U.S. federal income tax consequences of an investment in the Notes. [] JPMS' estimated value does not represent future values and may differ from others' estimates. [] The value of the notes in customer account statements may be higher than JPMS' current estimated value for a limited time period. [] JPMS' estimated value is not determined by reference to our credit spreads for conventional fixed rate debt. [] Lack of liquidity: JPMorgan Securities LLC, acting as agent for the Issuer (and who we refer to as JPMS), intends to offer to purchase the Notes in the secondary market but is not required to do so. The price, if any, at which JPMS will be willing to purchase Notes from you in the secondary market, if at all, may result in a significant loss of your principal. [] Potential conflicts: we and our affiliates play a variety of roles in connection with the issuance of Notes, including acting as note calculation agent and index calculation agent, and hedging our obligations under the Notes and means the assumptions used to determine the pricing of the notes and estimated value of the notes. It is possible that such hedging or other trading activities of JPMorgan or its affiliates could result in substantial returns for JPMorgan and its affiliates while the value of the Notes decline. The risks identified above are not exhaustive. Please see "Risk Factors" in the applicable product supplement and "Selected Risk Considerations" in the applicable term sheet for additional information. -------------------------------------------------------------------------------- Disclaimer SEC Legend: JPMorgan Chase & Co. has filed a registration statement (including a prospectus) with the SEC for any offerings 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 & Co. has filed with the SEC for more complete information about JPMorgan Chase & 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 & Co., any agent or any dealer participating in this offering will arrange to send you the prospectus and each prospectus supplement as well as any product supplement and term sheet if you so request by calling toll-free 866-535-9248. IRS Circular 230 Disclosure: JPMorgan Chase & 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 & 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 JPMorgan Research Departments. Additional information about the symbols depicted in each cube in the top right-hand corner of this fact sheet can be accessed via the hyperlink to one of our filings with the SEC: http://www.sec.gov/Archives/edgar/data/19617/000095010309000965/symbol_guide.pdf -------------------------------------------------------------------------------- J.P. Morgan Structured Investments | 800 576 3529 | JPM_Structured_Investments@jpmorgan.com 2