Bond JPMorgan Chase 5.15% ( US48124BAC90 ) in USD

JPMorgan Chase

98.417 % ⇌

United States

US48124BAC90 ( in USD )

5.15% per year ( payment 2 times a year)

Perpetual

Prospectus brochure of the bond JP Morgan US48124BAC90 en USD 5.15%, maturity Perpetual

1 000 USD

1 500 000 000 USD

48124BAC9

BBB- ( Lower medium grade - Investment-grade )

N/A

01/11/2025 ( In 101 days )

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

The Bond issued by JPMorgan Chase ( United States ) , in USD, with the ISIN code US48124BAC90, pays a coupon of 5.15% per year.
The coupons are paid 2 times per year and the Bond maturity is Perpetual
The Bond issued by JPMorgan Chase ( United States ) , in USD, with the ISIN code US48124BAC90, was rated BBB- ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

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Table of Contents

Filed Pursuant to Rule 424(b)(5)
Registration No. 333-169900
CALCULATION OF REGISTRATION FEE

Maximum
Title of Each Class of
Aggregate
Amount of
Securities to be Registered

Offering Price(1)

Registration Fee(1)
Depositary Shares (each representing a one-tenth interest in a share of Fixed-to-Floating Rate Non-
Cumulative Preferred Stock, Series Q, of JPMorgan Chase & Co.)

$1,500,000,000

$204,600

(1)
Calculated in accordance with Rule 457(r) of the Securities Act of 1933.
Table of Contents
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-169900
Prospectus Supplement
(To Prospectus dated October 13, 2010)

1,500,000 DEPOSITARY SHARES
EACH REPRESENTING A ONE-TENTH INTEREST IN A SHARE OF
FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES Q

We are offering 1,500,000 depositary shares, each representing a one-tenth interest in a share of our perpetual Fixed-to-Floating Rate Non-
Cumulative Preferred Stock, Series Q, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $1,000 per depositary share)
(the "Preferred Stock"). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers
and preferences of the Preferred Stock represented by the depositary share.
We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board,
from the date of issuance to, but excluding, May 1, 2023 at a rate of 5.15% per annum, payable semi-annually, in arrears, on May 1 and November
1 of each year, beginning on November 1, 2013. From and including May 1, 2023, we will pay dividends when, as, and if declared by our board or
such committee at a floating rate equal to three-month LIBOR plus a spread of 3.25% per annum, payable quarterly, in arrears, on February 1, May
1, August 1 and November 1 of each year, beginning on August 1, 2023. Dividends on the Preferred Stock will not be cumulative. Upon the
payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.
We may redeem the Preferred Stock on any dividend payment date on or after May 1, 2023, in whole or from time to time in part, at a redemption
price equal to $10,000 per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of any
undeclared dividends. We may also redeem the Preferred Stock upon certain events involving capital treatment as described in this prospectus
supplement. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.
See "Risk Factors" beginning on page S-6 for a discussion of certain risks that you should consider in connection with
an investment in the depositary shares.
Neither the Preferred Stock nor the depositary shares are deposits or other obligations of a bank or are insured by the Federal Deposit Insurance
Corporation or any other governmental agency.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the depositary shares or
Preferred Stock or determined that this prospectus supplement or the attached prospectus is accurate or complete. Any representation to the
contrary is a criminal offense.

Per
Depositary

Share

Total

Public Offering Price(1)
$1,000.00

$1,500,000,000
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Underwriting Commissions
$
12.50

$
18,750,000
Proceeds (before expenses)(1)
$
987.50

$1,481,250,000
(1) Plus accrued dividends, if any, from April 23, 2013 to the date of delivery.
We do not intend to list the depositary shares or the Preferred Stock on any securities exchange. Currently, there is no public trading market for the
depositary shares or the Preferred Stock.
We expect to deliver the depositary shares to investors through the book-entry delivery system of The Depository Trust Company and its direct
participants, including Euroclear Bank S.A./N.V., as operator of the Euroclear System, and Clearstream Banking, société anonyme, on or about
April 23, 2013.
Our affiliates, including J.P. Morgan Securities LLC, may use this prospectus supplement and the attached prospectus in connection with offers
and sales of the depositary shares in the secondary market. These affiliates may act as principal or agent in those transactions. Secondary market
sales will be made at prices related to market prices at the time of sale.

J.P. Morgan

April 16, 2013

Table of Contents
In making your investment decision, you should rely only on the information contained or incorporated by reference in this prospectus
supplement and the attached prospectus and any relevant free writing prospectus. We have not authorized anyone to provide you with any
other information. If you receive any information not authorized by us, you should not rely on it.

We are offering to sell the depositary shares only in places where sales are permitted.

You should not assume that the information contained or incorporated by reference in this prospectus supplement or the attached
prospectus or any relevant free writing prospectus is accurate as of any date other than its respective date.

TABLE OF CONTENTS

Page

Prospectus Supplement

Summary
S-3
Risk Factors
S-6
JPMorgan Chase & Co.
S-9
Where You Can Find More Information About JPMorgan Chase
S-10
Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Stock Dividend Requirements
S-11
Description of the Preferred Stock
S-12
Description of the Depositary Shares
S-28
Registration and Settlement
S-30
Certain United States Federal Income Tax Considerations
S-31
Certain ERISA Considerations
S-36
Underwriting
S-38
Conflicts of Interest

Independent Registered Public Accounting Firm
S-40
Legal Opinions
S-40
Page

Prospectus

Summary

2
Consolidated Ratios of Earnings to Fixed Charges and Preferred Stock Dividend Requirements

6
Where You Can Find More Information About JPMorgan Chase

7
Important Factors That May Affect Future Results

8
Use of Proceeds

10
Description of Debt Securities

11
Description of Preferred Stock

20
Description of Common Stock

25
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Description of Securities Warrants

26
Description of Currency Warrants

26
Description of Units

28
Book-Entry Issuance

29
Plan of Distribution (Conflicts of Interest)

32
Experts

33
Legal Opinions

33

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SUMMARY
The following information about the depositary shares and the Preferred Stock summarizes, and should be read in conjunction with, the
information contained in this prospectus supplement and in the attached prospectus.

Securities Offered
We are offering 1,500,000 depositary shares, each of which represents a one-tenth interest in a share of our Preferred Stock, with each share of
Preferred Stock having a liquidation preference of $10,000 per share (equivalent to $1,000 per depositary share). Each depositary share entitles the
holder to a proportional fractional interest in the Preferred Stock represented by that depositary share, including dividend, liquidation, redemption
and voting rights.

Dividends
Holders of the Preferred Stock will be entitled to receive, when, as, and if declared by our board of directors or any duly authorized committee of
our board of directors, out of assets legally available for payment, non-cumulative cash dividends based on the liquidation preference of $10,000
per share of the Preferred Stock (equivalent to $1,000 per depositary share).

If declared by our board of directors or any duly authorized committee of our board of directors, we will pay dividends on the Preferred Stock (i)
during the period from the issue date of the Preferred Stock to, but excluding, May 1, 2023 (the "Fixed Rate Period"), semi-annually, in arrears, on
May 1 and November 1 of each year, beginning on November 1, 2013, and (ii) during the period from May 1, 2023 through the redemption date of
the Preferred Stock, if any (the "Floating Rate Period"), quarterly, in arrears, on February 1, May 1, August 1 and November 1 of each year,
beginning on August 1, 2023 (each such day on which dividends are payable, a "dividend payment date"). We refer to the period from and
including any dividend payment date to but excluding the next dividend payment date as a "dividend period," provided that the initial dividend
period will be the period from and including the original issue date of the Preferred Stock to but excluding the next dividend payment date.

Dividends on the Preferred Stock will accrue from the original issue date at a rate equal to (i) 5.15% per annum for each semi-annual dividend
period during the Fixed Rate Period and (ii) three-month LIBOR plus a spread of 3.25% per annum for each quarterly dividend period during the
Floating Rate Period. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate
payment.

Dividends on shares of the Preferred Stock will be non-cumulative. To the extent that any dividends on shares of the Preferred Stock with respect
to any dividend period are not declared and paid, in full or otherwise, on the dividend payment date for such dividend period, then such unpaid
dividends will not cumulate and will cease to accrue and be payable, and we will have no obligation to pay, and the holders of shares of the
Preferred Stock will have no right to receive, accrued and unpaid dividends for such dividend period on or after the dividend payment date for such
dividend period, whether or not dividends are declared for any subsequent dividend period with respect to the Preferred Stock or for any future
dividend period with respect to any other series of our preferred stock or our common stock. In such a case, no dividends will be paid on the
depositary shares.

We will not declare or pay or set aside for payment on any of our preferred stock ranking as to dividends on a parity with or junior to the Preferred
Stock for any period unless full dividends on the shares of the Preferred Stock for the most recently completed dividend period have been or
contemporaneously are declared and paid (or have been declared and a sum sufficient for the payment thereof has been set aside for such
payment). When dividends are not paid in full on the Preferred Stock and any other series of preferred stock ranking on a parity as to dividends
with the Preferred Stock, all dividends declared and paid upon the shares of the Preferred Stock and

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any other series of preferred stock ranking on a parity as to dividends with the Preferred Stock will be declared and paid pro rata.

So long as any shares of the Preferred Stock are outstanding, unless full dividends on all outstanding shares of the Preferred Stock have been
declared and paid or a sum sufficient for the payment thereof set aside for such payment in respect of the most recently completed dividend period:

· no dividend (other than a dividend in common stock or in any other capital stock ranking junior to the Preferred Stock as to dividends
and upon liquidation, dissolution or winding-up) will be declared or paid or a sum sufficient for the payment thereof set aside for such
payment or other distribution declared or made upon our common stock or upon any other capital stock ranking junior to the Preferred
Stock as to dividends or upon liquidation, dissolution or winding-up, and

· no common stock, other capital stock ranking junior to or on a parity with the Preferred Stock as to dividends or upon liquidation,
dissolution or winding-up will be redeemed, purchased or otherwise acquired for any consideration (or any moneys be paid to or made
available for a sinking fund for the redemption of any shares of any such capital stock) by us,

subject to certain limited exceptions described under "Description of the Preferred Stock--Dividends".

Rights upon Liquidation
In the event of our voluntary or involuntary liquidation, dissolution or winding-up, holders of the Preferred Stock will be entitled to receive and to
be paid out of our assets legally available for distribution to our stockholders the amount of $10,000 per share (equivalent to $1,000 per depositary
share), plus an amount equal to any declared and unpaid dividends, without accumulation of undeclared dividends, before we make any payment
or distribution on our common stock or on any other capital stock ranking junior to the Preferred Stock upon our liquidation, dissolution or
winding-up. After the payment to the holders of the shares of the Preferred Stock of the full preferential amounts to which they are entitled, the
holders of the Preferred Stock as such will have no right or claim to any of our remaining assets. If, upon our voluntary or involuntary liquidation,
dissolution or winding-up, we fail to pay in full the amounts payable with respect to the Preferred Stock and any other shares of our capital stock
ranking as to any such distribution of our assets on a parity with the Preferred Stock, the holders of the Preferred Stock and of such other shares
will share ratably in any such distribution of our assets in proportion to the full respective distributions to which they are entitled. Neither the sale
of all or substantially all of our property or business, nor our merger or consolidation into or with any other entity or the merger or consolidation of
any other entity into or with us, will be deemed to be a liquidation, dissolution or winding-up, voluntary or involuntary, of us.

Optional Redemption
The Preferred Stock is perpetual and has no maturity date. We may redeem, out of assets legally available therefor, the Preferred Stock on any
dividend payment date on or after May 1, 2023, in whole, or from time to time in part, at a redemption price equal to $10,000 per share (equivalent
to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of undeclared dividends. In addition, at any time
within 90 days after a "capital treatment event," as described herein, we may provide notice of our intent to redeem the Preferred Stock and may
subsequently redeem, out of assets legally available therefor, the Preferred Stock, in whole but not in part, at a redemption price equal to $10,000
per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of undeclared dividends.

S-4
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Redemption of the Preferred Stock is subject to our receipt of any required prior approvals from the Board of Governors of the Federal Reserve
System, or the "Federal Reserve Board," or any other regulatory authority. Our redemption of the Preferred Stock will cause the redemption of the
corresponding depositary shares. Neither the holders of the Preferred Stock nor the holders of the related depositary shares will have the right to
require redemption.

See "Description of the Depositary Shares" and "Description of the Preferred Stock" for further information about redemptions or repurchases of
the depositary shares or shares of the Preferred Stock.

Voting Rights
The holders of the Preferred Stock and of the depositary shares will not have voting rights, except as specifically required by applicable law and
except as provided below under "Description of the Preferred Stock--Voting Rights." For more information about voting rights, see "Description
of the Preferred Stock--Voting Rights" and "Description of the Depositary Shares--Voting the Preferred Stock" in this prospectus supplement.

Ranking
The Preferred Stock will rank, as to payment of dividends and distribution of assets upon our liquidation, dissolution or winding-up, on a parity
with any series of preferred stock ranking on a parity with the Preferred Stock, including our Series I Preferred Stock, our Series J Preferred Stock,
our Series O Preferred Stock and our Series P Preferred Stock referred to below under "Description of the Preferred Stock--Other Preferred
Stock", and senior to our common stock and to any series of preferred stock ranking junior to the Preferred Stock.

Preemptive and Conversion Rights

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The Preferred Stock is not subject to any preemptive rights and is not convertible into property or shares of any other class or series of our capital
stock. The holders of the depositary shares do not have any preemptive or conversion rights.

Depositary, Transfer Agent, and Registrar
Computershare Shareowner Services LLC will serve as depositary, transfer agent and registrar for the Preferred Stock and the depositary shares.

Calculation Agent
We will appoint a calculation agent for the Preferred Stock prior to the commencement of the Floating Rate Period.

Risk Factors
See "Risk Factors" on page S-6 in this prospectus supplement for a discussion of factors you should consider carefully before deciding to invest in
the depositary shares.

S-5
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RISK FACTORS

Your investment in the depositary shares will involve certain risks. You should carefully consider the following discussion of risks and the other
information contained in this prospectus supplement and the accompanying prospectus and the documents incorporated by reference in this
prospectus supplement and the accompanying prospectus, including our Annual Report on Form 10-K for the year ended December 31, 2012, and
all subsequent filings under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, before deciding whether an investment in the
depositary shares is suitable for you.

You are making an investment decision about the depositary shares as well as our Preferred Stock.

As described in this prospectus supplement, we are offering depositary shares representing fractional interests in shares of our Preferred Stock. The
depositary will rely solely on the dividend payments on the Preferred Stock it receives from us to fund all dividend payments on the depositary
shares. You should review carefully the information in this prospectus supplement and the attached prospectus regarding the depositary shares and
our Preferred Stock.

The Preferred Stock is an equity security and is subordinate to our existing and future indebtedness.

The shares of Preferred Stock are equity interests and do not constitute indebtedness. This means that the Preferred Stock will rank junior to all of
our indebtedness and to other non-equity claims on us and our assets available to satisfy claims on us, including claims in our liquidation. Our
existing and future indebtedness may restrict payment of dividends on the Preferred Stock. In addition, holders of the depositary shares
representing the Preferred Stock may be fully subordinated to interests held by the U.S. government in the event that we enter into a receivership,
insolvency, liquidation or similar proceeding.

Additionally, unlike indebtedness, where principal and interest customarily are payable on specified due dates, in the case of preferred stock like
the Preferred Stock, (1) dividends are payable only if declared by our board of directors or a duly authorized committee of the board and (2) as a
corporation, we are subject to restrictions on dividend payments and redemption payments out of lawfully available assets. Further, the Preferred
Stock places no restrictions on our business or operations or on our ability to incur indebtedness or engage in any transactions, subject only to the
limited voting rights referred to below under "--Holders of the Preferred Stock will have limited voting rights."

Our ability to pay dividends on the Preferred Stock may be limited by federal regulatory considerations.

We are a holding company and conduct substantially all of our operations through subsidiaries. Our ability to declare and pay dividends is
primarily dependent on the receipt of dividends and other distributions from our subsidiaries. Various legal limitations restrict the extent to which
our subsidiaries may pay dividends or other funds or otherwise engage in transactions with us or some of our other subsidiaries.

In addition, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Dodd-Frank Act") requires federal banking agencies
to establish more stringent risk-based capital requirements and leverage limits applicable to banks and bank holding companies, and especially
those institutions, such as JPMorgan Chase, with consolidated assets equal to or greater than $50 billion. In June 2012, the Federal Reserve Board,
the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued three notices of proposed rulemaking,
including a joint notice of proposed rulemaking (the "June NPR"), addressing, among other matters, Section 171 of the Dodd-Frank Act and the
comprehensive set of capital and liquidity standards finalized by the Basel Committee on Banking Supervision ("Basel III"). The June NPR sets
forth the proposed criteria for qualifying additional Tier 1 capital instruments consistent with Basel III, including the requirement that any
dividends on such instruments only be paid out of the banking organization's net income and retained

S-6
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earnings. If the June NPR is adopted as a final rule, we will likely be subject to many of its provisions, but until final rules are issued we cannot
predict the June NPR's actual effect on us. These requirements, and any other new regulations or capital distribution constraints, including those
that may be imposed in accordance with Basel III, could adversely affect our ability to pay dividends on the Preferred Stock and therefore your
ability to receive distributions on the depositary shares.

Dividends on the Preferred Stock are discretionary and non-cumulative.

Dividends on the Preferred Stock are discretionary and non-cumulative. Consequently, if our board of directors or a duly authorized committee of
our board does not authorize and declare a dividend for any dividend period prior to the related dividend payment date, holders of the Preferred
Stock would not be entitled to receive a dividend for that dividend period, and the unpaid dividend will cease to accrue and be payable. We will
have no obligation to pay dividends accrued for a dividend period after the dividend payment date for that period if our board of directors or a duly
authorized committee of the board has not declared a dividend before the related dividend payment date, whether or not dividends on the Preferred
Stock or any other series of our preferred stock or our common stock are declared for any future dividend period.

We may be able to redeem the Preferred Stock prior to May 1, 2023.

By its terms, the Preferred Stock may be redeemed by us prior to May 1, 2023 upon the occurrence of certain events involving the capital treatment
of the Preferred Stock. In particular, upon our determination in good faith that an event has occurred that would constitute a "capital treatment
event," we may, at our option, redeem in whole, but not in part, the shares of Preferred Stock, subject to the approval of the appropriate federal
banking agency. See "Description of the Preferred Stock--Optional Redemption."

It is possible that the Preferred Stock may not satisfy the proposed criteria for qualifying additional Tier 1 capital instruments consistent with Basel
III as set forth in the June NPR. As a result, in addition to other circumstances that may constitute a capital treatment event, if the Federal Reserve
Board revises and replaces its current capital rules with the proposed risk-based and leverage capital requirements set forth in the June NPR, a
"capital treatment event" could occur whereby we would have the right, subject to prior approval of the Federal Reserve Board, to redeem the
Preferred Stock in accordance with its terms prior to May 1, 2023 at a redemption price equal to $10,000 per share (equivalent to $1,000 per
depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends.

Investors should not expect us to redeem the Preferred Stock on the date it becomes redeemable or on any particular date after it becomes
redeemable.

The Preferred Stock is a perpetual equity security. This means that it has no maturity or mandatory redemption date and is not redeemable at the
option of investors, including the holders of the depositary shares offered by this prospectus supplement. The Preferred Stock may be redeemed by
us at our option, either in whole or in part, on any dividend payment date on or after May 1, 2023 or, prior to that date, under certain circumstances
after the occurrence of a capital treatment event. Any decision we may make at any time to propose a redemption of the Preferred Stock will
depend upon, among other things, our evaluation of our capital position, the composition of our stockholders' equity, and general market
conditions at that time.

Our right to redeem the Preferred Stock is subject to limitations. Under the Federal Reserve Board's current risk-based capital guidelines
applicable to bank holding companies, any redemption of the Preferred Stock is subject to prior approval of the Federal Reserve Board. We cannot
assure you that the Federal Reserve Board will approve any redemption of the Preferred Stock that we may propose. There also can be no
assurance that, if we propose to redeem the Preferred Stock without replacing the Preferred Stock with Tier 1 capital that is not a restricted core
capital element, the Federal Reserve Board will authorize the redemption. We understand that the

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factors that the Federal Reserve Board will consider in evaluating a proposed redemption, or a request that we be permitted to redeem the Preferred
Stock without replacing it with Tier 1 capital that is not a restricted core capital element, include its evaluation of the overall level and quality of
our capital components, considered in light of our risk exposures, earnings and growth strategy, and other supervisory considerations, although the
Federal Reserve Board may change these factors at any time.

If the Preferred Stock is redeemed, the corresponding redemption of the depositary shares would be a taxable event to you. In addition, you might
not be able to reinvest the money you receive upon redemption of the depositary shares in a similar security.

If we are deferring payments on our outstanding junior subordinated notes or are in default under the indentures governing those
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securities, we will be prohibited from making distributions on or redeeming the Preferred Stock.

The terms of our outstanding junior subordinated notes prohibit us from declaring or paying any dividends or distributions on our preferred stock,
including the Preferred Stock, or redeeming, purchasing, acquiring, or making a liquidation payment on the Preferred Stock, if an event of default
under the indentures governing those junior subordinated notes has occurred and is continuing or at any time when we have deferred payment of
interest on those junior subordinated notes.

Holders of the Preferred Stock will have limited voting rights.

Holders of the Preferred Stock have no voting rights with respect to matters that generally require the approval of voting stockholders. Holders of
the Preferred Stock will have voting rights only as specifically required by applicable law and as described below under "Description of the
Preferred Stock--Voting Rights." Holders of depositary shares must act through the depositary to exercise any voting rights of the Preferred Stock.

Our ability to pay dividends depends upon the results of operations of our subsidiaries.

We are a holding company and conduct substantially all of our operations through subsidiaries. As a result, our ability to make dividend payments
on the Preferred Stock will depend primarily upon the receipt of dividends and other distributions from our subsidiaries. Various legal limitations
restrict the extent to which our subsidiaries may extend credit, pay dividends or other funds or otherwise engage in transactions with us or some of
our other subsidiaries.

In addition, our right to participate in any distribution of assets from any subsidiary, upon the subsidiary's liquidation or otherwise, is subject to the
prior claims of creditors of that subsidiary, except to the extent that we are recognized as a creditor of that subsidiary. As a result, the Preferred
Stock will be effectively subordinated to all existing and future liabilities of our subsidiaries. You should look only to the assets of JPMorgan
Chase as the source of payment for the Preferred Stock.

An active trading market for the Preferred Stock and the related depositary shares does not exist and may not develop.

The Preferred Stock and the related depositary shares are new issues of securities with no established trading market. We do not intend to list the
Preferred Stock or the depositary shares on any securities exchange. We cannot predict how the depositary shares will trade in the secondary
market or whether that market will be liquid or illiquid. The number of potential buyers of the depositary shares in any secondary market may be
limited. Although the underwriters may purchase and sell the depositary shares in the secondary market from time to time, the underwriters will
not be obligated to do so and may discontinue making a market for the depositary shares at any time without giving us notice. We cannot assure
you that a secondary market for the depositary shares will develop, or that if one develops, it will be maintained. If an active, liquid market does
not develop for the depositary shares, the market price and liquidity of the depositary shares may adversely be affected.

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JPMORGAN CHASE & CO.

JPMorgan Chase & Co., which we refer to as "JPMorgan Chase," "we" or "us," is a leading global financial services firm and one of the largest
banking institutions in the United States, with operations worldwide. JPMorgan Chase had $2.4 trillion in assets and $207.1 billion in total
stockholders' equity as of March 31, 2013. JPMorgan Chase is a leader in investment banking, financial services for consumers and small
businesses, commercial banking, financial transaction processing, asset management and private equity. Under the J.P. Morgan and Chase brands,
JPMorgan Chase serves millions of customers in the U.S. and many of the world's most prominent corporate, institutional and government clients.

JPMorgan Chase is a financial holding company and was incorporated under Delaware law on October 28, 1968. JPMorgan Chase's principal bank
subsidiaries are JPMorgan Chase Bank, National Association, a national bank with branches in 23 states, and Chase Bank USA, National
Association, a national bank that is JPMorgan Chase's credit card issuing bank. JPMorgan Chase's principal nonbank subsidiary is J.P. Morgan
Securities LLC, our U.S. investment banking firm. One of JPMorgan Chase's principal operating subsidiaries in the United Kingdom is J.P.
Morgan Securities plc, a subsidiary of JPMorgan Chase Bank, N.A.

Principal Activities
JPMorgan Chase's activities are organized, for management reporting purposes, into four business segments, as well as Corporate/Private Equity.
The Firm's wholesale businesses comprise the Corporate & Investment Bank, Commercial Banking and Asset Management segments. The Firm's
consumer business is the Consumer & Community Banking segment.

The principal executive office of JPMorgan Chase is located at 270 Park Avenue, New York, New York 10017-2070, U.S.A., and its telephone
number is (212) 270-6000.

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WHERE YOU CAN FIND MORE INFORMATION
ABOUT JPMORGAN CHASE

We file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission (the "SEC").
Our SEC filings are available to the public on the website maintained by the SEC at http://www.sec.gov. Our filings can also be inspected and
printed or copied, for a fee, at the SEC's public reference room, 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-
0330 for further information on their public reference room. Such documents, reports and information are also available on our website:
http://www.jpmorgan.com. Information on our website does not constitute part of this prospectus supplement or the accompanying prospectus.

The SEC allows us to "incorporate by reference" into this prospectus supplement and the accompanying prospectus the information in documents
we file with it, which means that we can disclose important information to you by referring you to those documents. The information incorporated
by reference is considered to be a part of this prospectus supplement and the accompanying prospectus, and later information that we file with the
SEC will automatically update and supersede this information.

We incorporate by reference (i) the documents listed below and (ii) any future filings we make with the SEC after the date of this prospectus
supplement under Section 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934 until our offering is completed, other than, in each case,
those documents or the portions of those documents which are furnished and not filed:

(a) Our Annual Report on Form 10-K for the year ended December 31, 2012; and

(b) Our Current Reports on Form 8-K filed on January 9, 2013, January 15, 2013, January 16, 2013 (three filings), January 25, 2013,

February 5, 2013, February 28, 2013, March 8, 2013, March 15, 2013, April 9, 2013 and April 12, 2013 (two filings).

You may request a copy of these filings, at no cost, by writing to or telephoning us at the following address:

Office of the Secretary
JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
212-270-4040

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CONSOLIDATED RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDEND
REQUIREMENTS

The table below sets forth JPMorgan Chase's consolidated ratios of earnings to combined fixed charges and preferred stock dividend requirements
for the periods indicated.

Three Months

Ended March 31,
Year Ended December 31,

2013
2012
2011
2010
2009
2008
Earnings to Combined Fixed Charges and Preferred Stock Dividend Requirements:

Excluding Interest on Deposits

4.79 3.83 3.60 3.51 2.47 1.17
Including Interest on Deposits

4.07 3.23 2.89 2.87 2.02 1.10

For purposes of computing the above ratios, earnings represent net income from continuing operations plus total taxes based on income and fixed
charges. Fixed charges, excluding interest on deposits, include interest expense (other than on deposits), one-third (the proportion deemed
representative of the interest factor) of rents, net of income from subleases, and capitalized interest. Fixed charges, including interest on deposits,
include all interest expense, one-third (the proportion deemed representative of the interest factor) of rents, net of income from subleases, and
capitalized interest.

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DESCRIPTION OF THE PREFERRED STOCK

The terms of the Preferred Stock are set forth in the Certificate of Designation, Powers, Preferences and Rights of the Preferred Stock (the
"Certificate of Designation"). We have summarized below certain terms of the Certificate of Designation. This summary supplements the general
description of preferred stock under "Description of Preferred Stock" in the accompanying prospectus. If any information regarding the Preferred
Stock contained in the Certificate of Designation is inconsistent with the information in this prospectus supplement and the prospectus, the
information in the Certificate of Designation will apply and will supersede information in this prospectus supplement and the prospectus. This
summary is not complete. You should refer to the Certificate of Designation which will be filed in a Current Report on Form 8-K.

General
The Preferred Stock represents a single series of our authorized preferred stock. We are offering 1,500,000 depositary shares, representing 150,000
shares of the Preferred Stock in the aggregate, by this prospectus supplement and the accompanying prospectus. Upon issuance against full payment
of the purchase price for the depositary shares, the shares of the Preferred Stock will be fully paid and nonassessable. The depositary will be the
sole holder of the shares of the Preferred Stock. The holders of depositary shares will be required to exercise their proportional rights in the
Preferred Stock through the depositary, as described in "Description of the Depositary Shares" in this prospectus supplement.

The Preferred Stock will rank senior to our common stock and to any of our other capital stock that states that it is made junior to our preferred
stock as to payment of dividends and distribution of our assets upon our liquidation, dissolution or winding-up. The Preferred Stock will rank on a
parity with our Series I Preferred Stock, our Series J Preferred Stock, our Series O Preferred Stock and our Series P Preferred Stock. See "-- Other
Preferred Stock." The Preferred Stock will be subordinate to our existing and future indebtedness.

The Preferred Stock will not be convertible into, or exchangeable for, shares of any other class or series of our capital stock or other securities and
will not be subject to any sinking fund or other obligation to redeem or repurchase the Preferred Stock.

Dividends
Holders of the Preferred Stock will be entitled to receive, when, as, and if declared by our board of directors or any duly authorized committee of
our board of directors, out of assets legally available for payment, non-cumulative cash dividends based on the liquidation preference of $10,000
per share of the Preferred Stock (equivalent to $1,000 per depositary share).

If declared by our board of directors or any duly authorized committee of our board of directors, we will pay dividends on the Preferred Stock
(i) during the Fixed Rate Period, semi-annually, in arrears, on May 1 and November 1 of each year, beginning on November 1, 2013, and
(ii) during the Floating Rate Period, quarterly, in arrears, on February 1, May 1, August 1 and November 1 of each year, beginning on August 1,
2023.

Dividends on the Preferred Stock will accrue from the original issue date at a rate equal to (i) 5.15% per annum for each semi-annual dividend
period during the Fixed Rate Period and (ii) three-month LIBOR plus a spread of 3.25% per annum for each quarterly dividend period during the
Floating Rate Period. We will calculate dividends on the Preferred Stock for the Fixed Rate Period on the basis of a 360-day year of twelve 30-day
months. We will calculate dividends on the Preferred Stock for the Floating Rate Period on the basis of the actual number of days in a dividend
period and a 360-day year. Dollar amounts resulting from those calculations will be rounded to the nearest cent, with one-half cent being rounded
upward.

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The dividend rate for each dividend period during the Floating Rate Period will be determined by the calculation agent using three-month LIBOR
as in effect on the second London banking day prior to the beginning of the dividend period, which date is the "dividend determination date" for
the dividend period. The calculation agent then will add three-month LIBOR as determined on the dividend determination date and the applicable
spread. Absent manifest error, the calculation agent's determination of the dividend rate for a dividend period for the Preferred Stock will be
binding and conclusive on you, the transfer agent and us. As used in this prospectus supplement, a "London banking day" means any day on which
dealings in deposits in U.S. dollars are transacted in the London interbank market. The term "three-month LIBOR" means the London interbank
offered rate for deposits in U.S. dollars having an index maturity of three months in amounts of at least $1,000,000, as that rate appears on Reuters
screen page "LIBOR01" at approximately 11:00 a.m., London time, on the relevant dividend determination date.

If no offered rate appears on Reuters screen page "LIBOR01" on the relevant dividend determination date at approximately 11:00 a.m., London
time, then the calculation agent, after consultation with us, will select four major banks in the London interbank market and will request each of
their principal London offices to provide a quotation of the rate at which three-month deposits in U.S. dollars in amounts of at least $1,000,000 are
offered by it to prime banks in the London interbank market, on that date and at that time, that is representative of single transactions at that time.
If at least two quotations are provided, three-month LIBOR will be the arithmetic average of the quotations provided. Otherwise, the calculation
agent will select three major banks in New York City and will request each of them to provide a quotation of the rate offered by it at approximately
11:00 a.m., New York City time, on the dividend determination date for loans in U.S. dollars to leading European banks having an index maturity
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424B5
of three months for the applicable dividend period in an amount of at least $1,000,000 that is representative of single transactions at that time. If
three quotations are provided, three-month LIBOR will be the arithmetic average of the quotations provided. Otherwise, three-month LIBOR for
the next dividend period will be equal to three-month LIBOR in effect for the then-current dividend period.

We will pay dividends to the holders of record of shares of the Preferred Stock as they appear on our stock register on such record date, not more
than 30 days before the applicable payment date, as will be fixed by our board of directors or a duly authorized committee of our board. In the
event that any dividend payment date during the Fixed Rate Period falls on a day that is not a business day, the dividend payment due on that date
will be postponed to the next day that is a business day and no additional dividends will accrue as a result of that postponement. In the event that
any dividend payment date during the Floating Rate Period would otherwise fall on a day that is not a business day, the dividend payment date will
be postponed to the next day that is a business day and dividends will accrue to but excluding the date dividends are paid. However, if the
postponement would cause the day to fall in the next calendar month during the Floating Rate Period, the dividend payment date will instead be
brought forward to the immediately preceding business day. As used in this prospectus supplement, a "business day" means any weekday that is
not a legal holiday in New York, New York and is not a day on which banking institutions in New York, New York are authorized or required by
law or regulation to be closed.

If we call the Preferred Stock for redemption, dividends on shares of the Preferred Stock will cease to accrue on the applicable redemption date as
described below under "--Optional Redemption."

Dividends on shares of the Preferred Stock will be non-cumulative. To the extent that any dividends on shares of the Preferred Stock with respect
to any dividend period are not declared and paid, in full or otherwise, on the dividend payment date for such dividend period, then such unpaid
dividends will not cumulate and will cease to accrue and be payable, and we will have no obligation to pay, and the holders of shares of the
Preferred Stock will have no right to receive, accrued and unpaid dividends for such dividend period on or after the dividend

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payment date for such dividend period, whether or not dividends are declared for any subsequent dividend period with respect to the Preferred
Stock or for any future dividend period with respect to any other series of our preferred stock or our common stock. We will not pay interest or any
sum of money instead of interest in respect of any dividend that is not declared, or if declared is not paid, on the Preferred Stock.

We will not declare or pay or set aside for payment on any of our preferred stock ranking as to dividends on a parity with or junior to the Preferred
Stock for any period unless full dividends on the shares of the Preferred Stock for the most recently completed dividend period have been or
contemporaneously are declared and paid (or have been declared and a sum sufficient for the payment thereof has been set aside for such
payment). When dividends are not paid in full on the Preferred Stock and any other series of preferred stock ranking on a parity as to dividends
with the Preferred Stock, all dividends declared and paid upon the shares of the Preferred Stock and any other series of preferred stock ranking on a
parity as to dividends with the Preferred Stock will be declared and paid pro rata. For purposes of calculating the pro rata allocation of partial
dividend payments, we will allocate dividend payments based on the ratio between the then-current dividends due on shares of Preferred Stock and
(i) in the case of any series of non-cumulative preferred stock ranking on a parity as to dividends with the Preferred Stock, the aggregate of the
current and unpaid dividends due on such series of preferred stock and (ii) in the case of any series of cumulative preferred stock ranking on a
parity as to dividends with the Preferred Stock, the aggregate of the current and accumulated and unpaid dividends due on such series of preferred
stock.

So long as any shares of the Preferred Stock are outstanding, unless full dividends on all outstanding shares of the Preferred Stock have been
declared and paid or a sum sufficient for the payment thereof set aside for such payment in respect of the most recently completed dividend period:

· no dividend (other than a dividend in common stock or in any other capital stock ranking junior to the Preferred Stock as to dividends
and upon liquidation, dissolution or winding-up) will be declared or paid or a sum sufficient for the payment thereof set aside for such
payment or other distribution declared or made upon our common stock or upon any other capital stock ranking junior to the Preferred
Stock as to dividends or upon liquidation, dissolution or winding-up, and

· no common stock, other capital stock ranking junior to or on a parity with the Preferred Stock as to dividends or upon liquidation,
dissolution or winding-up will be redeemed, purchased or otherwise acquired for any consideration (or any moneys be paid to or made
available for a sinking fund for the redemption of any shares of any such capital stock) by us, except

(1) by conversion into or exchange for capital stock ranking junior to the Preferred Stock;

(2) as a result of reclassification into capital stock ranking junior to the Preferred Stock;

(3) through the use of the proceeds of a substantially contemporaneous sale of shares of capital stock ranking junior to the
Preferred Stock or, in the case of capital stock ranking on a parity with the Preferred Stock, through the use of the proceeds of a
substantially contemporaneous sale of other shares of capital stock on a parity with the Preferred Stock;

(4) in the case of capital stock ranking on a parity with the Preferred Stock, pursuant to pro rata offers to purchase all or a pro rata
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