Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-199966
Dated April 15, 2015
 


J.P. Morgan U.S. Sector Rotator 8 Index
================================================================================
Performance Update - April 2015

OVERVIEW
The J.P. Morgan US Sector Rotator 8 Index is a notional rules-based proprietary
index that, on a monthly basis, tracks the excess return of a synthetic
portfolio of (i) up to five U.S. Sector Constituents, which are U.S. sector
exchange-traded funds, that are selected according to their past month return
with a volatility feature, and, (ii) if fewer than 5 out of the 10 possible
U.S. Sector Constituents are selected, the Bond Constituent, which is the PIMCO
Total Return Exchange-Traded Fund.

Hypothetical and Actual Historical Performance -March 31, 2005 to March 31,
2015

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* See "Notes" on following page

Key Features of the Index
   The strategy is based on a universe of 11 investible underlyings (10 ETFs
across U.S. sectors and an ETF representing fixed income exposure) Monthly
rebalancing of portfolio allocation, with all positions financed by short term
borrowing of cash.
Targets a volatility of 8%
Levels published on Bloomberg under the ticker JPUSSC8E.

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Hypothetical and Actual Historical Volatility --September 30, 2005 to March 31,
2015

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Recent Index Performance
------------------------------- ------ ------ ----- ------ ------ ------ ------ ------ ------ ------ ------ ---------
  Historical Performance  Jan    Feb    Mar    Apr   May    Jun    Jul    Aug    Sep    Oct    Nov    Dec   Full Year
------------------------ ------ ------ ------ ----- ------ ------ ------ ------ ------ ------ ------ ------ ---------
        2015             -0.47% -0.50% -1.38%                                                               -2.32%
------------------------ ------ ------ ------ ----- ------ ------ ------ ------ ------ ------ ------ ------ ---------
        2014             -3.79% 2.02%  -0.08% 2.01% 1.06%  1.34%  -2.10% 3.49%  -0.66% 1.92%  1.58%  -0.59% 6.13%
------------------------ ------ ------ ------ ----- ------ ------ ------ ------ ------ ------ ------ ------ ---------
        2013             2.88%  0.71%  3.45%  3.09% -1.85% -0.63% 1.77%  -2.32% 2.19%  2.61%  1.48%  2.03%  16.30%
------------------------ ------ ------ ------ ----- ------ ------ ------ ------ ------ ------ ------ ------ ---------
        2012             0.53%  1.69%  2.42%  0.07% -0.30% 0.59%  0.56%  -0.52% 2.00%  -0.55% -0.11% 0.23%  6.77%
------------------------ ------ ------ ------ ----- ------ ------ ------ ------ ------ ------ ------ ------ ---------
        2011             2.04%  2.16%  -0.07% 0.07% 0.08%  0.07%  0.07%  0.08%  0.07%  0.08%  0.07%  1.84%  6.61%
------------------------ ------ ------ ------ ----- ------ ------ ------ ------ ------ ------ ------ ------ ---------

Recent Index Composition

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J.P. Morgan Structured Investments | 800 576 3529 | JPM_Structured_Investments@jpmorgan.com April 01, 2015
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Comparative Hypothetical and Historical Total Returns (%), Volatility (%) and
Correlation -- March 31, 2015

                                                                                              Ten Year
                                          Three Year         Five Year         Ten Year       Annualized  Ten Year Sharpe Ten Year
                                        Annualized Return Annualized Return Annualized Return  Volatility     Ratio       Correlation
--------------------------------------- ----------------- ----------------- ----------------- ----------- --------------- -----------
J.P. Morgan U.S. Sector Rotator 8 Index     7.13%             7.79%             5.95%          7.02%           0.85       100.00%
--------------------------------------- ----------------- ----------------- ----------------- ----------- --------------- -----------
S&P 500 Index (Excess Return)               15.57%            13.90%            5.73%          20.49%          0.28        56.74%
--------------------------------------- ----------------- ----------------- ----------------- ----------- --------------- -----------
JPM US Gov Bond Index (Excess Return)       2.12%             3.70%             2.54%          4.74%           0.54        -18.28%

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Disclaimer

JPMorgan Chase & Co. ("J.P. Morgan") has filed a registration statement
(including a prospectus) with the Securities and Exchange Commission (the
"SEC") for any offerings to which these materials relate. Before you invest in
any offering of securities by J.P. Morgan, you should read the prospectus in
that registration statement, the prospectus supplement, as well as the
particular underlying supplement, the relevant term sheet or pricing
supplement, and any other documents that J.P. Morgan will file with the SEC
relating to such offering for more complete information about J.P. Morgan and
the offering of any securities. You may get these documents without cost by
visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, J.P. Morgan,
any agent, or any dealer participating in the particular offering will arrange
to send you the prospectus and the prospectus supplement, as well as any
product supplement and term sheet or pricing supplement, if you so request by
calling toll-free (800) 576-3529.
Free Writing Prospectus filed pursuant to Rule 433; Registration Statement No.
333-199966

J.P. Morgan Structured Investments | 800 576 3529 | JPM_Structured_Investments@jpmorgan.com April 01, 2015
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