Bond JPMorgan Chase 0% ( US48126DQL63 ) in USD

JPMorgan Chase

100 % ▼

United States

US48126DQL63 ( in USD )

31/01/2023 - Bond has expired

Prospectus brochure of the bond JP Morgan US48126DQL63 in USD 0%, expired

1 000 USD

6 275 000 USD

48126DQL6

N/A

JPMorgan Chase & Co. is a leading global financial services firm offering investment banking, asset and wealth management, and consumer and community banking services.

A financial instrument, specifically a bond, identified by ISIN US48126DQL63 and CUSIP 48126DQL6, was issued by J.P. Morgan, a globally leading financial services firm headquartered in the United States and renowned for its extensive operations in corporate and investment banking, commercial banking, asset management, and private banking. This U.S.-issued debt security, which was trading at 100% of its face value, had an initial total issue size of $6,275,000, with a minimum purchase size set at $1,000. Denominated in USD, the bond was characterized by a 0% interest rate and an indicated payment frequency of 2 periods, reaching its maturity date on January 31, 2023. As confirmed, this particular obligation has successfully reached its maturity and has been fully repaid.

http://www.sec.gov/Archives/edgar/data/19617/000095010313000640/dp35813_424b2-3p1.htm
424B2 1 dp35813_424b2-3p1.htm PRICING SUPPLEMENT NO. 1037

CALCULATION OF REGISTRATION FEE

Title of Each Class of
Maximum Aggregate Offering
Securities Offered
Price
Amount of Registration Fee
Notes
$6,275,000
$855.91

Pricing supplement no. 1037
Registration Statement No. 333-177923
To prospectus dated November 14, 2011,
Dated January 28, 2013
prospectus supplement dated November 14, 2011,
Rule 424(b)(2)
product supplement no. 6-I dated November 14, 2011 and
underlying supplement no. 4-III dated June 29, 2012
Structured $6,275,000
Market-Linked Notes with Contingent Coupons Linked to the Performance of the JPMorgan ETF
Investments
Efficiente 5 Index due January 31, 2023
General
·
Unsecured and unsubordinated obligations of JPMorgan Chase & Co. maturing January 31, 2023*
·
Cash payment at maturity of principal plus the Additional Amount** and the final Contingent Coupon, if any, as described below
·
The notes are designed for investors who seek exposure to any appreciation of the JPMorgan ETF Efficiente 5 Index at maturity and who seek a Contingent Coupon**
with respect to each annual Coupon Review Date on which the Index closing level of the JPMorgan ETF Efficiente 5 Index is greater than or equal to its Initial Index Level. The
notes may be appropriate for investors requiring asset and investment strategy diversification. Investors should be willing to forgo fixed coupons and dividend payments, while
seeking payment of your principal in full at maturity. Any payment on the notes is subject to the credit risk of JPMorgan Chase & Co.
·
Investors will receive no coupon payments if the Index closing level is less than the Initial Index Level on each annual Coupon Review Date.
·
Investing in the notes is not equivalent to investing in the JPMorgan ETF Efficiente 5 Index, any of the Basket Constituents or any of the assets underlying the Basket
Constituents.
·
Minimum denominations of $1,000 and integral multiples thereof
·
The notes priced on January 28, 2013 and are expected to settle on or about January 31, 2013.
·
The stated payout, including the repayment of principal, is available from JPMorgan Chase & Co. only at maturity.
·
The notes will not be listed on an exchange and may have limited or no liquidity.
·
The terms of the notes as set forth below, to the extent they differ or conflict with those set forth in the accompanying product supplement no. 6-I, will supersede
the terms set forth in the accompanying product supplement. Among other things, your payment at maturity will be determined as described below under "Key
Terms -- Payment at Maturity." See "Supplemental Terms of the Notes" in this pricing supplement for more information.
Key Terms
Index:
JPMorgan ETF Efficiente 5 Index (the "Index")
Payment at Maturity:
At maturity, you will receive, in addition to the final Contingent Coupon, if any, a cash payment, for each $1,000 principal amount note, of $1,000
plus the Additional Amount**, which may be zero.
You will be entitled to repayment of principal in full only at maturity, subject to the credit risk of JPMorgan Chase & Co.
Additional Amount**:
The Additional Amount per $1,000 principal amount note payable at maturity will equal $1,000 × the Index Return × the Participation Rate, provided
that the Additional Amount** will not be less than zero.
Participation Rate:
100%
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Contingent Coupons**:
If the Index closing level on any annual Coupon Review Date is greater than or equal to the Initial Index Level, you will receive on the applicable
Coupon Payment Date for each $1,000 principal amount note a Contingent Coupon** equal to $1,000 × Coupon Rate.
If the Index closing level on any Coupon Review Date is less than the Initial Index Level, no Contingent Coupon will be made on the applicable
Coupon Payment Date.
Coupon Rate:
3.60% per annum, if applicable
Coupon Review Dates*:
January 28, 2014, January 27, 2015, January 26, 2016, January 26, 2017, January 26, 2018, January 28, 2019, January 28, 2020, January 26,
2021, January 26, 2022 and the Observation Date
Coupon Payment Dates*:
January 31, 2014, January 30, 2015, January 29, 2016, January 31, 2017, January 31, 2018, January 31, 2019, January 31, 2020, January 29,
2021, January 31, 2022 and the Maturity Date
Index Return:
Ending Index Level Initial Index Level

Initial Index Level

Initial Index Level:
The Index closing level on the pricing date, which is 118.43
Ending Index Level:
The Index closing level on the Observation Date
Observation Date*:
January 26, 2023
Maturity Date*:
January 31, 2023
CUSIP:
48126DQL6
ISIN:
US48126DQL63
*
Subject to postponement in the event of a market disruption event and as described under "Description of Notes -- Payment at Maturity," "Description of Notes -- Interest Payments" in the accompanying
product supplement no. 6-I and "Supplemental Terms of Notes -- Postponement of a Determination Date -- Notes linked solely to the ETF Efficiente Index" in the accompanying underlying supplement no.
4-II and "Supplemental Terms of the Notes" in this pricing supplement.
**
Subject to the impact of a commodity hedging disruption event as described under "General Terms of Notes -- Additional Index Provisions -- A. Consequences of a Commodity Hedging Disruption Event --
Early Determination of the Additional Amount" in the accompanying product supplement no. 6-I. In the event of a commodity hedging disruption event, we have the right, but not the obligation, to cease paying
further Contingent Coupons and to cause the note calculation agent to determine on the commodity hedging disruption date the value of the Additional Amount payable at maturity. Under these
circumstances, the value of the Additional Amount payable at maturity will be determined prior to, and without regard to the level of the Index on, the Observation Date. Please see "Selected Risk
Considerations -- We May Determine the Additional Amount for Your Notes Early If a Commodity Hedging Disruption Event Occurs" for additional information.

Investing in the notes involves a number of risks. See "Risk Factors" beginning on page PS-16 of the accompanying product supplement no. 6-I, "Risks Factors"
beginning on page US-6 of the accompanying underlying supplement no. 4-III and "Selected Risk Considerations" beginning on page PS-6 of this pricing supplement.

Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the notes or passed upon the accuracy or the
adequacy of this pricing supplement or the accompanying product supplement, underlying supplement, prospectus supplement and prospectus. Any representation to the contrary is a
criminal offense.

Price to Public (1)
UBS Commissions (2)
Other Fees (3)
Proceeds to Us
Per note
$1,000
$50.00
$25.70
$924.30
Total
$6,275,000
$313,750
$161,267.50
$5,799,982.50
(1) The price to the public includes the estimated cost of hedging our obligations under the notes through one or more of our affiliates.
(2) UBS Financial Services Inc., which we refer to as UBS, wil receive a commission of $50.00 per $1,000 principal amount note.
(3) J.P. Morgan Securities LLC, which we refer to as JPMS, will receive compensation of $25.70 per $1,000 principal amount note, which reflects the projected profits that our affiliates expect to realize for
assuming the risks inherent in hedging our obligations under the notes. For additional related information, please see "Supplemental Plan of Distribution" in this pricing supplement.

The notes 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.

UBS Financial Services Inc.

January 28, 2013

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Additional Terms Specific to the Notes

You should read this pricing supplement together with the prospectus dated November 14, 2011, as supplemented by the prospectus supplement dated November
14, 2011 relating to our Series E medium-term notes of which these notes are a part, and the more detailed information contained in product supplement no. 6-I
dated November 14, 2011 and underlying supplement no. 4-III dated June 29, 2012. This pricing supplement, together with the documents listed below,
contains the terms of the notes, supplements the term sheet related hereto dated January 3, 2013 and supersedes all other prior or contemporaneous
oral statements as well as any other written materials including preliminary or indicative pricing terms, correspondence, trade ideas, structures for
implementation, sample structures, fact sheets, brochures or other educational materials of ours. You should careful y consider, among other things, the
matters set forth in "Risk Factors" in the accompanying product supplement no. 6-I and "Risk Factors" in the accompanying underlying supplement no. 4-III, as the
notes involve risks not associated with conventional debt securities. We urge you to consult your investment, legal, tax, accounting and other advisers before you
invest in the notes.

You may access these documents on the SEC website at www.sec.gov as fol ows (or if such address has changed, by reviewing our filings for the relevant date on
the SEC website):

·
Product supplement no. 6-I dated November 14, 2011:
http://www.sec.gov/Archives/edgar/data/19617/000089109211007596/e46161_424b2.pdf

·
Underlying supplement no. 4-III dated June 29, 2012:
http://www.sec.gov/Archives/edgar/data/19617/000089109212003615/e48971_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

You may access additional information regarding The JPMorgan ETF Efficiente 5 Index in the Strategy Guide at the fol owing URL:

http://www.sec.gov/Archives/edgar/data/19617/000095010312003770/crt-dp31861_fwp.pdf

Our Central Index Key, or CIK, on the SEC website is 19617. As used in this pricing supplement, the "Company," "we," "us" and "our" refer to JPMorgan Chase &
Co.

We may create and issue additional notes with the same terms as these notes, so that any additional notes will be considered part of the same tranche as these
notes.

Supplemental Terms of the Notes

For purposes of the notes offered by this pricing supplement:

·
all references to "Interest Rate" and "Interest Payment Date" in the accompanying product supplement no. 6-I are deemed to refer to "Coupon Rate" and
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"Coupon Payment Date," respectively.

·
the Coupon Review Dates are Determination Dates as described in the accompanying product supplement no. 6-I and are subject to postponement as
described under "Supplemental Terms of Notes -- Postponement of a Determination Date -- Notes linked solely to the ETF Efficiente Index" in the
accompanying underlying supplement no. 4-III. If, due to a non-trading day or a market disruption event, a Coupon Review Date is postponed so that it fal s
less than three business days prior to the applicable scheduled Coupon Payment Date, that Coupon Payment Date wil be postponed to the third business
day fol owing that Coupon Review Date, as postponed, and the applicable Contingent Coupon will be payable on that Coupon Payment Date, as postponed,
with the same force and effect as if that Coupon Payment Date had not been postponed, and no additional interest wil accrue or be payable as a result of
the delayed payment;

·
Contingent Coupons will be calculated as described above under "Key Terms -- Contingent Coupons" and "Key Terms -- Coupon Rate" and will not be
calculated based on a 360-day year of twelve 30-day months;

·
in case an event of default with respect to the notes shall have occurred and be continuing, the amount declared due and payable per $1,000 principal amount
note upon any acceleration of the notes will be determined by the note calculation agent and will be an amount in cash equal to the amount payable at
maturity per $1,000 principal amount note as described above under "Key Terms -- Payment at Maturity"; and

·
notwithstanding anything to the contrary in the accompanying product supplement no. 6-I or the underlying supplement no. 4-III, the consequences of a
commodity hedging disruption event will be as follows:

JPMorgan Structured Investments --
PS-1
Market-Linked Notes with Contingent Coupons Linked to the JPMorgan ETF Efficiente 5 Index

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If a commodity hedging disruption event (as defined under "General Terms of Notes -- Additional Index Provisions -- A. Consequences of a Commodity
Hedging Disruption Event -- Commodity Hedging Disruption Events" in the accompanying product supplement no. 6-I) occurs, we wil have the right, but not
the obligation, to cease paying further Contingent Coupons and to adjust your payment at maturity based on determinations made by the note calculation
agent described below. If we choose to exercise this right, in making this adjustment, the note calculation agent will determine, in good faith and in a
commercially reasonable manner, the Option Value (as defined below) as of the date on which the note calculation agent determines that a commodity
hedging disruption event has occurred (such date, a "commodity hedging disruption date"). The "Option Value" wil be a fixed amount representing the
forward price of the embedded option representing the Additional Amount payable on the notes at maturity and the forward price of the embedded option
representing all of the potential remaining Contingent Coupons from but excluding the commodity hedging disruption date through and including the final
Coupon Payment Date, provided that the Option Value may not be less than zero. If we choose to exercise our right to determine the Option Value, we wil
pay you at maturity, instead of any future Contingent Coupons and the payment at maturity calculated as described above under "Key Terms -- Payment at
Maturity," an amount equal to (1) the Option Value (which may not be less than zero) plus (2) $1,000. The commodity hedging disruption event may occur
prior to the Observation Date. We wil provide, or cause the note calculation agent to provide, written notice of our election to exercise this right to the
trustee at its New York office. We (or the note calculation agent) will deliver this notice as promptly as possible and in no event later than the fifth business
day immediately fol owing the commodity hedging disruption date. Additionally, we will specify in the notice the Option Value as determined on the commodity
hedging disruption date.

JPMorgan Structured Investments --
PS-2
Market-Linked Notes with Contingent Coupons Linked to the JPMorgan ETF Efficiente 5 Index

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The JPMorgan ETF Efficiente 5 Index

The JPMorgan ETF Efficiente 5 Index (the "Index") was developed and is maintained and calculated by J.P. Morgan Securities plc (formerly known as J.P. Morgan
Securities Ltd.) ("JPMS plc"), one of our affiliates. JPMS plc acts as the calculation agent for the Index (the "index calculation agent"). The Index is a notional
dynamic basket that tracks the excess return of a portfolio of 12 exchange-traded funds ("ETFs") (each an "ETF Constituent," and col ectively the "ETF
Constituents"), with dividends reinvested, and the JPMorgan Cash Index USD 3 Month (the "Cash Constituent") (each a "Basket Constituent," and col ectively the
"Basket Constituents") above the return of the Cash Constituent, less a fee of 0.50% per annum that accrues daily. The Basket Constituents represent a diverse
range of asset classes and geographic regions.

The Index rebalances monthly a synthetic portfolio composed of the Basket Constituents. The Index is based on the "modern portfolio theory" approach to asset
allocation, which suggests how a rational investor should allocate his capital across the available universe of assets to maximize return for a given risk appetite. The
Index uses the concept of an "efficient frontier" to define the asset allocation of the Index. An efficient frontier for a portfolio of assets defines the optimum return of
the portfolio for a given amount of risk. The Index uses the volatility of returns of hypothetical portfolios as the measure of risk. This strategy is based on the
assumption that the most efficient allocation of assets is one that maximizes returns per unit of risk. The index level of the ETF Efficiente Index is determined by
tracking the return of the synthetic portfolio above the return of the Cash Constituent. The weights assigned to the Basket Constituents within the synthetic portfolio
are rebalanced monthly. The strategy assigns the weights to the Basket Constituents based upon the returns and volatilities of multiple hypothetical portfolios
comprising the Basket Constituents measured over the previous six months. The re-weighting methodology seeks to identify the weight for each Basket Constituent
that would have resulted in the hypothetical portfolio with the highest return over the relevant measurement period, subject to an annualized volatility over the same
period of 5% or less. Thus, the portfolio exhibiting the highest return with an annualized volatility of 5% or less is then selected, with the weightings for such portfolio
applied to the Basket Constituents. In the event that none of the portfolios has an annualized volatility equal to or less than 5%, this volatility threshold is increased by
1% and this analysis performed again until a portfolio is selected. The weight of the Cash Constituent at any given time represents the portion of the synthetic
portfolio that is uninvested at that time and the Index will reflect no return for that portion.

No assurance can be given that the investment strategy used to construct the Index will be successful or that the Index will outperform any alternative
basket or strategy that might be constructed from the Basket Constituents. Furthermore, no assurance can be given that the Index will achieve its
target volatility of 5%. The actual realized volatility of the Index may be greater or less than 5%.

The Index is described as a "notional" or synthetic portfolio or basket of assets because there is no actual portfolio of assets to which any person is
entitled or in which any person has any ownership interest. The Index merely references certain assets, the performance of which will be used as a
reference point for calculating the level of the Index.

The fol owing are the Basket Constituents composing the Index and the maximum weighting constraints assigned to the relevant sector and asset type to which each
belongs:

Sector Cap
Basket Constituent
Asset Cap
1
Developed Equities
SPDR® S&P 500® ETF Trust
20%
2
50%
iShares® Russell 2000 Index Fund
10%
3
iShares® MSCI EAFE Index Fund
20%
4
Bonds
iShares® Barclays 20+ Year Treasury Bond Fund
20%
5
50%
iShares® iBoxx $ Investment Grade Corporate Bond Fund
20%
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6
iShares® iBoxx $ High Yield Corporate Bond Fund
20%
7
Emerging Markets
iShares® MSCI Emerging Markets Index Fund
20%
8
25%
iShares® Emerging Markets Bond Fund
20%
9
Alternative
iShares® Dow Jones Real Estate Index Fund
20%
10
Investments
iShares® S&P GSCITM Commodity-Indexed Trust
10%
11
25%
SPDR® Gold Trust
10%
12
Inflation Protected Bonds
iShares® Barclays TIPS Bond Fund
50%
and Cash
13
JPMorgan Cash Index USD 3 Month
50%
50%

See "The JPMorgan ETF Efficiente 5 Index " in the accompanying underlying supplement no. 4-III for more information about the Index and the Basket
Constituents.

The level of the Index is published each trading day under the Bloomberg ticker symbol "EEJPUS5E."

JPMorgan Structured Investments --
PS-3
Market-Linked Notes with Contingent Coupons Linked to the JPMorgan ETF Efficiente 5 Index

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Selected Purchase Considerations

·
POTENTIAL PRESERVATION OF CAPITAL AT MATURITY -- Subject to the credit risk of JPMorgan Chase & Co., the payout formula allows you to receive
at least your initial investment in the notes if you hold the notes to maturity, regardless of the performance of the Index. Because the notes are our
unsecured and unsubordinated obligations, payment of any amount on the notes is subject to our ability to pay our obligations as they become
due.

·
APPRECIATION POTENTIAL -- At maturity, in addition to your principal and the final Contingent Coupon, if any, for each $1,000 principal amount note you will
receive a payment equal to $1,000 × the Index Return × the Participation Rate of 100%, provided that this payment (the Additional Amount) will not be less
than zero.

·
ANNUAL CONTINGENT COUPONS -- The notes offer the potential to earn a Contingent Coupon in connection with each annual Coupon Review Date of
$1,000 × the Coupon Rate per $1,000 principal amount note. The Coupon Rate is 3.60% per annum. If the Index closing level on any Coupon Review Date is
greater than or equal to the Initial Index Level, you wil receive a Contingent Coupon on the applicable Coupon Payment Date. If the Index closing level on any
Coupon Review Date is less than the Initial Index Level, no Contingent Coupon wil be payable on the applicable Coupon Payment Date. If payable, a
Contingent Coupon wil be paid to the holders of record at the close of business on the business day immediately preceding the applicable Coupon Payment
Date.

·
RETURN LINKED TO A NOTIONAL DYNAMIC BASKET THAT TRACKS THE EXCESS RETURN OF A PORTFOLIO OF TWELVE ETFs AND ONE INDEX,
REPRESENTING A DIVERSE RANGE OF ASSETS AND GEOGRAPHIC REGIONS -- The return on the notes is linked to the performance of the JPMorgan
ETF Efficiente 5 Index. The Index tracks the excess return of a portfolio of twelve ETFs and the Cash Constituent using an investment strategy that is based
on the modern portfolio theory of asset allocation, which suggests how a rational investor should allocate his capital across the available universe of assets to
maximize return for a given risk appetite. The Index uses the concept of an "efficient frontier" to define the asset allocation of the Index. An efficient frontier for
a portfolio of assets defines the optimum return of the portfolio for a given amount of risk. The Index uses the volatility of returns of hypothetical portfolios as
the measure of risk. This strategy is based on the assumption that the most efficient allocation of assets is one that maximizes returns per unit of risk. See
"The JPMorgan ETF Efficiente 5 Index " in the accompanying underlying supplement no. 4-III.

·
TAXED AS CONTINGENT PAYMENT DEBT INSTRUMENTS -- You should review careful y the section entitled "Material U.S. Federal Income Tax
Consequences" and in particular the subsection thereof entitled "--Notes Treated as Contingent Payment Debt Instruments" in the accompanying product
supplement no. 6-I. In the opinion of our special tax counsel, Davis Polk & Wardwell LLP, the notes will be treated for U.S. federal income tax purposes as
"contingent payment debt instruments." You generally wil be required to accrue original issue discount on your notes in each taxable year at the comparable
yield, as determined by us, subject to certain adjustments to reflect the difference between the actual and "projected" amount of any payment you receive
during the year, with the result that your taxable income in any year may differ significantly from the Contingent Coupon, if any, you receive in that year. Upon
sale or exchange (including redemption at maturity), you generally wil recognize taxable income or loss equal to the difference between the amount received
from the sale or exchange and your adjusted tax basis in the note, which generally will equal the cost thereof, increased by the amount of interest income you
have accrued in respect of the notes (determined without regard to any of the adjustments described above), and decreased by the amount of any projected
payments in respect of the notes through the date of the sale or exchange. You generally must treat any income as interest income and any loss as ordinary
loss to the extent of previous interest inclusions, and the balance as capital loss. The deductibility of capital losses is subject to limitations. Special rules may
apply if we elect to pay you the "Option Value" in lieu of any remaining Contingent Coupons and the Additional Amount, as a result of a commodity hedging
disruption event as described above in "Supplemental Terms of the Notes." Under these rules, you would be required to account for the differences between
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the originally projected payments and the fixed amounts of those payments (i.e., for each Contingent Coupon, zero, and for the Additional Amount, the Option
Value) in a reasonable manner over the period to which the differences relate. In addition, you would be required to make adjustments to, among other things,
your accrual periods and your adjusted basis in your notes. The character of any gain or loss on a sale or exchange of your notes would also be
affected. You should consult your tax adviser concerning the application of these rules. Purchasers who are not initial purchasers of notes at their issue price
should consult their tax advisers with respect to the tax consequences of an investment in notes, including the treatment of the difference, if any, between the
basis in their notes and the notes' adjusted issue price.

JPMorgan Structured Investments --
PS-4
Market-Linked Notes with Contingent Coupons Linked to the JPMorgan ETF Efficiente 5 Index

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