This slide is not for distribution in isolation and must be viewed in
 conjunction with the accompanying term sheet, product supplement, prospectus
 supplement and prospectus, which further describe the terms, conditions and
 risks associated with the notes.

JPMorgan Auto Callable Contingent Interest Notes linked to the Common Shares of
 DISH Network Corp, due March 16, 2016

The  notes are designed for investors who seek a Contingent Interest Payment (i)
with respect to each Review Date for which the closing price of one share of the
Reference  Stock  is  greater than or equal to the Interest Barrier or (ii) with
respect to the final Review Date for which the Final Stock Price is greater than
or  equal  to  the  Interest Barrier. Any payment on the notes is subject to the
credit risk of JPMorgan Chase and Co.

Trade Details/Characteristics
Reference Stock:                         The Common Stock, $0.01 par value per share, of DISH Network Corp
Contingent Interest Payments:            If the notes have not been previously called and (i) with respect to any Review Date (other than the final Review Date)
                                         the closing price of one share of the Reference Stock on that Review Date or (ii) with respect to the final Review Date the
                                         Final Stock Price is greater than or equal to the Interest Barrier, you will receive on the applicable Interest Payment Date
                                         for each $1,000 principal amount note a Contingent Interest Payment equal to:
                                         $37.500 (equivalent to an interest rate of 15.00% per annum, payable at a rate of 3.7500% per quarter).
                                         If (i) with respect to any Review Date (other than the final Review Date) the closing price of one share of the Reference
                                         Stock on that Review Date or (ii) with respect to the final Review Date, the Final Stock Price is less than the Interest
                                         Barrier, no Contingent Interest Payment will be made with respect to that Review Date.
Interest Barrier / Trigger Level:        80% of the Initial Stock Price (subject to adjustments)
Interest Rate:                           15.00% per annum, payable at a rate of 3.7500% per quarter, if applicable
Automatic Call:                          If the closing price of one share of the Reference Stock on any Review Date (other than the final Review Date) is greater
                                         than or equal to the Initial Stock Price, the notes will be automatically called for a cash payment, for each $1,000
                                         principal amount note, equal to (a) $1,000 plus (b) the Contingent Interest Payment applicable to that Review Date,
                                         payable on the applicable Call Settlement Date.
Payment at Maturity:                     If the notes have not been previously called and the Final Stock Price is greater than or equal to the Trigger Level, you
                                         will receive a cash payment at maturity, for each $1,000 principal amount note, equal to (a) $1,000 plus (b) the
                                         Contingent Interest Payment applicable to the final Review Date. If the notes have not been previously called and the
                                         Final Stock Price is less than the Trigger Level, at maturity you will lose 1% of the principal amount of your notes for every
                                         1% that the Final Stock Price is less than the Initial Stock Price. Under these circumstances, your payment at maturity per
                                         $1,000 principal amount note will be calculated as follows: $1,000 + ($1,000 x Stock Return).
                                         If the notes have not been automatically called and the Final Stock Price is less than the Trigger Level, you will lose more
                                         than 20% of your initial investment and may lose all of your initial investment at maturity.
Stock Return:                            (Final Stock Price - Initial Stock Price) / Initial Stock Price
Initial Stock Price:                     Closing price of the Reference Stock on pricing date, divided by the Adjustment Factor
Final Stock Price:                       The arithmetic average of the closing prices of one share of the Reference Stock on each of the Ending Averaging Dates.
Ending Averaging Dates:                  March 07, 2016, March 08, 2016, March 09, 2016, March 10, 2016, and the final Review Date
Review Dates:                            June 11, 2015 (first Review Date), September 10, 2015 (second Review Date), December 10, 2015 (third Review Date),
                                         and March 11, 2016 (final Review Date)
Preliminary Term Sheet:
 http://www.sec.gov/Archives/edgar/data/19617/000095010315001417/dp53749_fwp-261.htm

Please see the term sheet hyperlinked above for additional information about the
notes,  including  JPMS's  estimated  value, which is the estimated value of the
notes when the terms are set.

Risk Considerations

The  risks  identified  below  are  not  exhaustive.  Please  see the term sheet
hyperlinked above for more information.

[]    Your  investment  in the notes may result in a loss of some or all of your
      principal and is subject to the credit risk of JPMorgan Chase and Co.

[]    The  notes  do  not  guarantee  the  payment  of  interest and may not pay
      interest at all.

[]    The  appreciation  potential  of  the  notes  is limited, and you will not
      participate in any appreciation in the price of the Reference Stock.

[]    The  benefit  provided  by  the  Trigger  Level may terminate on the final
      Review Date.

[]    JPMorgan  Chase  and  Co.  and  its  affiliates play a variety of roles in
      connection with the notes and their interests may be adverse to yours.

[]    If  the  notes  are automatically called early, there is no guarantee that
      you will be able to reinvest the proceeds at a comparable return

[]    JPMS's  estimated value of the notes will be lower than the original issue
      price (price to public) of the notes.

[]    JPMS's  estimated  value does not represent the future values of the notes
      and  may  differ  from  others' estimates

[]    JPMS's  estimated  value  is not determined by reference to credit spreads
      for our conventional fixed rate debt.

[]    The  value  of  the  notes as published by JPMS will likely be higher than
      JPMS's then-current estimated value of the notes for a limited time.

[]    Secondary market prices of the notes will be impacted by many economic and
      market factors.

[]    No ownership or dividend rights in the Reference Stock.

[]    Risk  of  the  closing  price  of  the  Reference  Stock falling below the
      Interest  Barrier  or  Trigger  Level is greater if the Reference Stock is
      volatile.

[]    Lack  of  liquidity  -  JPMS intends to offer to purchase the notes in the
      secondary  market  but  is  not  required  to  do  so.  Even if there is a
      secondary  market,  it  may  not  provide enough liquidity to allow you to
      trade or sell the notes easily.

[]    The anti-dilution protection for the Reference Stock is limited and may be
      discretionary.

[]    The  averaging  convention  used  to calculate the Final Stock Price could
      limit returns.

Hypothetical Return on a Note

First 3 Review Dates

Compare the closing price of one share of the Reference Stock on a Review Date
 (other than the Final Review Date) to the Initial Stock Price and the Interest
 Barrier until the Final Review Date or any automatic call.

                                 Automatic Early Redemption
The closing price of one
Share of the Reference
Stock is greater than or
equal to the Initial Stock       The notes will be automatically called and you will receive (i) the principal amount plus (ii)
Price                            the Contingent Interest Payment with respect to the related Review Date
                                                                         You will receive the
                                 The closing price of one share of the   contingent quarterly
                                 Reference Stock is greater than or
The closing price of one         equal to the Interest Barrier           payment. Proceed to the next
Share of the Reference Stock     No Automatic Early                      Review Date.
is less than the Initial Stock   Redemption
Price                            The closing price of one share of the   No contingent quarterly
                                 reference Stock is less than the        payment. Proceed to the next
                                 Interest Barrier                        Review Date.

For more information about the payments upon an Automatic Call or at maturity in
different  hypothetical scenarios, see "Hypothetical Payment upon Automatic Call
or at Maturity" below.

What  Are  the  Payments  on the Notes, Assuming a Range of Performances for the
Reference Stocks?

The  following  table  illustrates  payments  on  the notes, assuming a range of
performance for the Reference Stock on a given Review Date.

The  hypothetical  payments  set  forth  below  assume an Initial Stock Price of
$78.00,  an  Interest Barrier and a Trigger Level of $62.40 (equal to 80% of the
hypothetical  Initial  Stock  Price) and reflect the Interest Rate of 15.00% per
annum  (payable  at  a  rate  of  3.7500%  per quarter) . The hypothetical total
returns  set  forth  below are for illustrative purposes only and may not be the
actual  total  returns  applicable  to  a  purchaser  of  the notes. the numbers
appearing  in  the  following  table  and examples have been rounded for ease of
analysis.

Hypothetical Payment upon Automatic Call or at Maturity

                 Review Dates Prior to the Final Review Date                                         Final Review Date
Closing Price
                 Reference Stock Appreciation /  Payment on Interest Payment Date or Stock Return    Payment at Maturity (3)
                 Depreciation at Review Date     Call Settlement Date (1)(2)

$140.4000        80.00%                          $1,037.500                          80.00%          $1,037.500
$124.8000        60.00%                          $1,037.500                          60.00%          $1,037.500
$109.2000        40.00%                          $1,037.500                          40.00%          $1,037.500
$93.6000         20.00%                          $1,037.500                          20.00%          $1,037.500
$85.8000         10.00%                          $1,037.500                          10.00%          $1,037.500
$81.9000         5.00%                           $1,037.500                          5.00%           $1,037.500
$78.0000         0.00%                           $1,037.500                          0.00%           $1,037.500
$74.1000         -5.00%                          $37.500                             -5.00%          $1,037.500
$70.2000         -10.00%                         $37.500                             -10.00%         $1,037.500
$62.4000         -20.00%                         $37.500                             -20.00%         $1,037.500
$62.3922         -20.01%                         $0.000                              -20.01%         $799.900
$39.0000         -50.00%                         $0.000                              -50.00%         $500.000
$23.4000         -70.00%                         $0.000                              -70.00%         $300.000
$0.0000          -100.00%                        $0.000                              -100.00%        $0.000

(1)  The notes will be automatically called if the closing price of one share of
the  Reference  Stock  on  any Review Date (other than the final Review Date) is
greater than or equal to the Initial Stock Price.

(2)  You  will receive a Contingent Interest Payment in connection with a Review
Date (other than the final Review Date) if the closing price of one share of the
Reference  Stock  on  that  Review Date is greater than or equal to the Interest
Barrier.

(3)  You will receive a Contingent Interest Payment in connection with the final
Review  Date  if  the Final Stock Price is greater than or equal to the Interest
Barrier.

SEC Legend: JPMorgan Chase and 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 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,  the prospectus supplement as well as any relevant product
supplement  and  term  sheet  if you so request by calling toll - free 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. The products described herein should generally be held to maturity as
early  unwinds  could result in lower than anticipated returns. This information
is not intended to

This  material is not a 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 ("JPMS") is a member of FINRA,
NYSE  and  SIPC.  Clients  should  contact  their  salespersons  at, and execute
transactions  through, a J.P. Morgan entity qualified in their home jurisdiction
unless governing law permits otherwise.

Filed pursuant to Rule 433
Registration Statement No. 333- 199966
Dated: February 24, 2015