Obligation JPMorgan Chase 3.15% ( US48126DMV81 ) en USD

JPMorgan Chase

100 % ▼

Etas-Unis

US48126DMV81 ( en USD )

3.15% par an ( paiement semestriel )

27/02/2028

Prospectus brochure de l'obligation JP Morgan US48126DMV81 en USD 3.15%, échéance 27/02/2028

1 000 USD

2 312 000 USD

48126DMV8

A- ( Qualité moyenne supérieure )

N/A

27/08/2025 ( Dans 35 jours )

JPMorgan Chase & Co. est une société multinationale de services financiers américaine, offrant des services bancaires d'investissement, de gestion de patrimoine, de banque commerciale et de cartes de crédit à une clientèle mondiale.

L'Obligation émise par JPMorgan Chase ( Etas-Unis ) , en USD, avec le code ISIN US48126DMV81, paye un coupon de 3.15% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 27/02/2028
L'Obligation émise par JPMorgan Chase ( Etas-Unis ) , en USD, avec le code ISIN US48126DMV81, a été notée A- ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

http://www.sec.gov/Archives/edgar/data/19617/000089109213001624/e52294_424b2.htm
424B2 1 e52294_424b2.htm PRICING SUPPLEMENT NO. 1101
CALCULATION OF REGISTRATION FEE
Maximum Aggregate
Amount of
Title of Each Class of Securities Offered
Offering Price
Registration Fee
Notes
$2,312,000
$315.36

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Pricing supplement no. 1101
Pricing supplement to
To prospectus dated November 14, 2011,
Product Supplement No. 1-I
prospectus supplement dated November 14, 2011 and
Registration Statement No. 333-177923
product supplement no. 1-I dated November 14, 2011
Dated February 22, 2013; Rule 424(b)(2)

JPMorgan Chase & Co.
Structured $2,312,000
Investments
Callable Step-Up Fixed Rate Notes due February 27, 2028
General
· Unsecured and unsubordinated obligations of JPMorgan Chase & Co. maturing February 27, 2028, subject to postponement as described below.
· Interest on the notes wil be payable semiannual y on each Interest Payment Date in arrears at a rate per annum equal to (a) for the first year to the seventh year, an interest rate equal to 3.15% per
annum, (b) for the eight year to the tenth year, an interest rate equal to 3.50% per annum, (c) for the eleventh year to the thirteenth year, an interest rate equal to 4.50% per annum, (d) for the
fourteenth year, an interest rate equal to 5.50% per annum and (h) for the fifteenth year, an interest rate equal to 6.50% per annum. Any payment on the notes is subject to the credit risk of
JPMorgan Chase & Co.
· Unless general interest rates rise significantly, you should not expect to earn the highest scheduled Interest Rate below because the notes are likely to be cal ed prior to maturity if interest rates
remain the same or fal during the term of notes. Additional y, the interest rate on the notes does not step up significantly until later during the term of the notes. See "Selected Risk Considerations" in
this pricing supplement.
· These notes, which have a relatively long term, may be more risky than notes with a shorter term. See "Selected Risk Considerations" in this pricing supplement.
· Minimum denominations of $1,000 and integral multiples thereof.
· At our option, we may redeem the notes, in whole but not in part, on any of the Redemption Dates specified below.
· The notes priced on February 22, 2013 and are expected to settle on or about February 27, 2013.
Key Terms
Pricing Date:
February 22, 2013
Issue Date:
February 27, 2013, provided, however, if such day is not a business day, the business day immediately fol owing the Issue Date.
Maturity Date:
February 27, 2028, provided, however, if such day is not a business day, the business day immediately fol owing the Maturity Date.
Payment at Maturity:
If we have not elected to redeem the notes prior to maturity, at maturity you wil receive a cash payment for each $1,000 principal amount note of
$1,000 plus any accrued and unpaid interest.
Payment upon Redemption:
At our option, we may redeem the notes, in whole but not in part, on the 27th day of February and August of each year (each such date, a
"Redemption Date"), commencing February 27, 2020. If the notes are redeemed, you wil receive on the applicable Redemption Date a cash payment
equal to $1,000 for each $1,000 principal amount note plus any accrued and unpaid interest. Such amounts wil be paid to the person who is the
holder of record of such notes at the close of business on the business day immediately preceding (a) the Redemption Date or (b) if earlier, the date
in which payment is to be made (as described below). We wil provide notice of redemption at least 5 business days prior to the applicable
Redemption Date. If a Redemption Date is not a business day, payment wil be made on the business day immediately fol owing the Redemption
Date. No additional interest wil be paid with respect to such a postponement.
Interest:
With respect to each Interest Period, for each $1,000 principal amount note, the interest payment wil be calculated as fol ows:
$1,000 × Interest Rate × (180 / 360)
Notwithstanding anything to the contrary in the product supplement, any accrued and unpaid interest wil be paid to the person who is the holder of
record of such notes at the close of business on the business day immediately preceding the applicable Interest Payment Date.
Interest Rate:
From (and including)
To (but excluding)
Interest Rate
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February 27, 2013
February 27, 2020
3.15% per annum

February 27, 2020
February 27, 2023
3.50% per annum

February 27, 2023
February 27, 2026
4.50% per annum

February 27, 2026
February 27, 2027
5.50% per annum

February 27, 2027
February 27, 2028
6.50% per annum

The dates above refer to originally scheduled Interest Payment Dates and dates on which interest is paid may be adjusted as described below.
Interest Period:
The period beginning on and including the issue date and ending on but excluding the first Interest Payment Date, and each successive period
beginning on and including an Interest Payment Date and ending on but excluding the next succeeding Interest Payment Date or, if the notes have
been redeemed prior to such next succeeding Interest Payment Date, ending on but excluding the applicable Redemption Date.
Interest Payment Date:
Interest on the notes wil be payable semiannually in arrears on the 27th day of February and August of each year (each such date, an "Interest
Payment Date"), commencing August 27, 2013, to and including the Interest Payment Date corresponding to the Maturity Date, or, if the notes have
been redeemed, the applicable Redemption Date. If an Interest Payment Date is not a business day, payment wil be made on the business day
immediately fol owing the Interest Payment Date. No additional interest wil be paid with respect to such a postponement. See "Selected Purchase
Considerations -- Semiannual Interest Payments" in this pricing supplement for more information.
CUSIP:
48126DMV8
Investing in the notes involves a number of risks. See "Risk Factors" beginning on page PS-13 of the accompanying product supplement no. 1-I and "Selected Risk Considerations"
beginning on page PS-1 of this pricing supplement.
Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or passed upon the accuracy or the adequacy of this pricing
supplement, the accompanying product supplement no. 1-I or the accompanying prospectus supplement and prospectus. Any representation to the contrary is a criminal offense.

Price to Public (1)(2)(3)
Fees and Commissions (1)(2)
Proceeds to Us
Per note
At variable prices
$31
$969
Total
At variable prices
$71,672
$2,240,328
(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) J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Chase & Co., wil receive a commission of $31.00 per $1,000 principal amount note and wil use a portion of
that commission to al ow sel ing concessions to other affiliated or unaffiliated dealers of $13.61 per $1,000 principal amount note. This commission wil include the projected profits that our affiliates
expect to realize, some of which wil be allowed to other unaffiliated dealers, for assuming risks inherent in hedging our obligations under the notes. The concessions of $13.61 include concessions to be
allowed to sel ing dealers and concessions to be allowed to any arranging dealer. See "Plan of Distribution (Conflicts of Interest)" beginning on page PS-42 of the accompanying product supplement no.
1-I.
(3) JPMS sold the notes in one or more negotiated transactions, at varying prices determined at the time of each sale, which were at market prices prevailing, at prices related to such prevailing prices or
at negotiated prices, provided that such prices were not less than $985.00 per $1,000 principal amount note and not more than $1,000 per $1,000 principal amount note. See "Plan of Distribution
(Conflicts of Interest)" beginning on page PS-42 of the accompanying product supplement no. 1-I.
The notes are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a
bank.
February 22, 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. 1-I dated November 14, 2011. This pricing supplement, together with
the documents listed below, contains the terms of the notes, supplements the term sheet related hereto dated February 11, 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. 1-I, 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. 1-I dated November 14, 2011:
http://www.sec.gov/Archives/edgar/data/19617/000089109211007588/e46195_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
Our Central Index Key, or CIK, on the SEC website is 19617. As used in this pricing supplement, the "Company," "we," "us," or "our" refers to JPMorgan Chase & Co.
Selected Purchase Considerations
· PRESERVATION OF CAPITAL -- You wil receive at least 100% of the principal amount of your notes if you hold the notes to maturity or to the Redemption Date, if any, on which we elect to cal the
notes. Because the notes are our unsecured and unsubordinated obligations, payment of any amount at maturity or upon early redemption is subject to our ability to pay our obligations as they
become due.
· SEMIANNUAL INTEREST PAYMENTS -- The notes offer semiannual interest payments which wil accrue at a rate equal to the applicable Interest Rate and wil be payable semiannual in arrears on
the 27th day of February and August of each year, commencing August 27, 2013, to and including the Interest Payment Date corresponding to the Maturity Date, or, if the notes have been
redeemed, the applicable Redemption Date, to the holders of record at the close of business on the business day immediately preceding (a) the applicable Interest Payment Date or (b) if earlier, the
date on which the interest payment is to be made (as described below). If an Interest Payment Date is not a business day, payment wil be made on the business day immediately fol owing such day.
No additional interest wil be paid with respect to such a postponement.
· POTENTIAL SEMIANNUAL REDEMPTION BY US AT OUR OPTION -- At our option, we may redeem the notes, in whole but not in part, on the 27th day of February and August of each year
(each such date, a "Redemption Date"), commencing on February 27, 2020, for a cash payment equal to $1,000 for each $1,000 principal amount note plus any accrued and unpaid interest on notes.
Such amount wil be paid to the person who is the holder of record of such notes at the close of business on the business day immediately preceding (a) the applicable Redemption Date or (b) if
earlier, the date on which payment is to be made (as described below). If a Redemption Date is not a business day, payment wil be made on the business day immediately fol owing such day. No
additional interest wil be paid with respect to such a postponement.
· TAX TREATMENT You should review careful y the section entitled "Material U.S. Federal Income Tax Consequences" in the accompanying product supplement no. 1-I. Except to the extent of
original issue discount, if any, during the term of the notes, interest paid on the notes wil general y be taxable to you as ordinary interest income at the time it accrues or is received in accordance
with your method of accounting for U.S. federal income tax purposes. In addition, a U.S. Holder (as defined in the accompanying product supplement) must include original issue discount, if any, in
income as ordinary interest as it accrues, general y in advance of receipt of cash attributable to such income. In general, gain or loss realized on the sale, exchange or other disposition of the notes
wil be capital gain or loss. Notwithstanding the foregoing discussion, because the period between the last step-up date and the final maturity date does not exceed one year, on the deemed
reissuance on February 27, 2027, solely for the purpose of determining original issue discount, the notes should be treated as "short-term debt instruments" for the final period. Prospective
purchasers are urged to consult their own tax advisers regarding the U.S. federal income tax consequences of an investment in the notes, including with respect to the treatment of any original issue
discount on the notes. Purchasers who are not initial purchasers of notes at their issue price on the issue date should consult their tax advisers with respect to the tax consequences of an investment
in the notes, and the potential application of special rules.
Subject to certain assumptions and representations received from us, the discussion in this section entitled "Tax Treatment", when read in combination with the section entitled "Material U.S. Federal
Income Tax Consequences" in the accompanying product supplement, constitutes the ful opinion of Sidley Austin LLP regarding the material U.S. federal income tax treatment of owning and disposing
of the notes.
Selected Risk Considerations
An investment in the notes involves significant risks. These risks are explained in more detail in the "Risk Factors" section of the accompanying product supplement no. 1-I dated November 14, 2011.
· THE NOTES ARE SUBJECT TO EARLY REDEMPTION PRIOR TO MATURITY The notes are subject to redemption at the sole discretion of the Issuer on the specified Redemption Dates
indicated above. If the notes are redeemed prior to maturity, you wil receive the principal amount of your notes plus accrued and unpaid interest to, but excluding the applicable Redemption Date.
This amount wil be less than you would have received had the notes not been cal ed early and continued to pay interest over the ful term of the notes. We may choose to redeem the notes early or
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choose not to redeem the notes early on any Redemption Date, in our sole discretion. If we elect to redeem the notes early, your return may be less than the return you would have earned on your
investment had the notes been held to maturity, and you may not be able to reinvest your funds at the same rate as the notes. We may choose to redeem the notes early, for example, if U.S. interest
rates decrease significantly or if the volatility of U.S. interest rates decreases significantly.
· THE NOTES ARE NOT ORDINARY DEBT SECURITIES; THE STEP-UP FEATURE PRESENTS DIFFERENT INVESTMENT CONSIDERATIONS THAN FIXED RATE NOTES -- The rate of
interest paid by us on the notes wil increase upward from the initial stated rate of interest of the notes. The notes are cal able by us, in whole but not in part, prior to maturity and, therefore, contain
the cal risk described above. If we do not cal the notes, the interest rate wil step-up as described on the cover of this pricing supplement. Unless general interest rates rise significantly, you should
not expect to earn the highest scheduled Interest Rate set forth on the front cover because the notes are likely to be cal ed prior to maturity if interest rates remain the same or fal during the term of
your notes. When determining whether to invest in a stepped-up rate note, you should not focus on the highest stated Interest Rate, which usual y is the final stepped-up
JPMorgan Structured Investments --
PS-1
Callable Step-Up Fixed Rate Notes

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rate of interest. You should instead focus on, among other things, the overal annual percentage rate of interest to maturity or cal as compared to other equivalent investment alternatives.
· THE INTEREST RATE OF THE NOTES DOES NOT STEP UP SIGNIFICANTLY UNTIL LATER IN THE TERM OF THE NOTES --Unless general interest rates rise significantly, you should not
expect to earn the highest scheduled Interest Rate set forth on the front cover because the notes are likely to be cal ed prior to maturity if interest rates remain the same or fal during the term of your
notes. Additional y, the interest rate on the notes does not step up significantly until later in the term of the notes. If interest rates rise faster than the incremental increases in the interest rates of the
notes, the notes may have an interest rate that is significantly lower than the interest rates at that time and the secondary market value of the notes may be significantly lower than other instruments
with a similar term but higher interest rates. In other words, you should only purchase the notes if you are comfortable receiving the stated interest rates set forth on the front cover of this pricing
supplement for the entire term of the notes.
· CREDIT RISK OF JPMORGAN CHASE & CO. -- The notes are subject to the credit risk of JPMorgan Chase & Co., and our credit ratings and credit spreads may adversely affect the market value
of the notes. Investors are dependent on JPMorgan Chase & Co.'s ability to pay all amounts due on the notes, and therefore investors are subject to our credit risk and to changes in the market's
view of our creditworthiness. Any decline in our credit ratings or increase in the credit spreads charged by the market for taking our credit risk is likely to adversely affect the value of the notes. If we
were to default on our payment obligations, you may not receive any amounts owed to you under the notes and you could lose your entire investment.
Recent events affecting us have led to heightened regulatory scrutiny, may lead to additional regulatory or legal proceedings against us and may adversely affect our credit ratings and credit spreads
and, as a result, the market value of the notes. See "Executive Overview -- CIO Synthetic Credit Portfolio Update," "Liquidity Risk Management -- Credit Ratings," and "Item 4. Controls and
Procedures" in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 and "Part II. Other Information -- Item 1A. Risk Factors" in our Quarterly Report on Form 10-Q for the
quarter ended June 30, 2012.
· POTENTIAL CONFLICTS -- We and our affiliates play a variety of roles in connection with the issuance of the notes, including acting as calculation agent and hedging our obligations under the
notes. In performing these duties, our economic interests and the economic interests of the calculation agent and other affiliates of ours are potential y adverse to your interests as an investor in the
notes. In addition, our business activities, including hedging and trading activities for our own accounts or on behalf of customers, could cause our economic interests to be adverse to yours and could
adversely affect any payments on the notes and the value of the notes. It is possible that hedging or trading activities of ours or our affiliates could result in substantial returns for us or our affiliates
while the value of the notes declines. Please refer to "Risk Factors -- Risks Relating to the Notes General y" in the accompanying product supplement for additional information about these risks.
· THESE NOTES MAY BE MORE RISKY THAN NOTES WITH A SHORTER TERM -- By purchasing a note with a longer term, you are more exposed to fluctuations in interest rates than if you
purchased a note with a shorter term. Specifical y, you may be negatively affected if certain interest rate scenarios occur. For example, if interest rates begin to rise, the market value of your notes
wil decline because the likelihood of us cal ing your notes wil decline and the Interest Rate applicable to that specific Interest Period may be less than a note issued at such time. For example, if the
Interest Rate applicable to your notes at such time was 3.15% per annum, but a debt security issued in the then current market could yield an interest rate of 6.50% per annum, your note would be
less valuable if you tried to sell it in the secondary market.
· CERTAIN BUILT-IN COSTS ARE LIKELY TO ADVERSELY AFFECT THE VALUE OF THE NOTES PRIOR TO MATURITY -- While the payment at maturity or upon early redemption, as
applicable, described in this pricing supplement is based on the ful principal amount of your notes, the original issue price of the notes includes the estimated cost of hedging our obligations under the
notes. As a result, the price, if any, at which JPMS wil be wil ing to purchase notes from you in secondary market transactions, if at all, wil likely be lower than the original issue price, and any sale
prior to the maturity date could result in a substantial loss to you. The notes are not designed to be short-term trading instruments. Accordingly, you should be able and wil ing to hold your notes to
maturity.
· LACK OF LIQUIDITY -- The notes wil not be listed on any securities exchange. 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 sel the notes easily. Because other dealers are not likely to make a secondary market for the notes, the price at which
you may be able to trade your notes is likely to depend on the price, if any, at which JPMS is wil ing to buy the notes.
· MANY ECONOMIC AND MARKET FACTORS WILL IMPACT THE VALUE OF THE NOTES -- The notes wil be affected by a number of economic and market factors that may either offset or
magnify each other, including but not limited to:
·
the time to maturity of the notes;
·
interest and yield rates in the market general y, as wel as the volatility of those rates;
·
the likelihood, or expectation, that the notes wil be redeemed by us, based on prevailing market interest rates or otherwise; and
·
our creditworthiness, including actual or anticipated downgrades in our credit ratings.
· VARIABLE PRICE REOFFERING RISKS JPMS sold the notes at market prices prevailing, at prices related to then-prevailing prices or at negotiated prices, provided that such prices were not less
than $985.00 per $1,000 principal amount note or more than $1,000 per $1,000 principal amount note. Accordingly, there is a risk that the price you pay for the notes wil be higher than the prices
paid by other investors based on the date and time you make your purchase, from whom you purchase the notes (e.g., directly from JPMS or through a broker or dealer), any related transaction cost
(e.g., any brokerage commission), whether you hold your notes in a brokerage account, a fiduciary or fee-based account or another type of account and other market factors beyond our control.
Validity of the Notes
In the opinion of Sidley Austin LLP, as counsel to the Company, when the notes offered by this pricing supplement have been executed and issued by the Company and authenticated by the trustee
pursuant to the indenture, and delivered against payment as contemplated herein, such notes wil be valid and binding obligations of the Company, enforceable in accordance with their terms, subject to
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applicable bankruptcy, insolvency and similar laws affecting creditors' rights general y, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts
of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on
the conclusions expressed above. This opinion is given as of the date hereof and is limited to the Federal laws of the United States, the laws of the State of New York and the General Corporation Law
of the State of Delaware as in effect on the date hereof. In addition, this opinion is subject to customary assumptions about the trustee's authorization, execution and delivery of the indenture and the
genuineness of signatures and certain factual matters, al as stated in the letter of such counsel dated November 14, 2011, which has been filed as Exhibit 5.3 to the Company's registration statement on
Form S-3 filed with the Securities and Exchange Commission on November 14, 2011.
JPMorgan Structured Investments --
PS-2
Callable Step-Up Fixed Rate Notes

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