JPMorgan Chase Bank, National Association $1,200,000 Upside Knock-Out Certificates of Deposit Linked to the S&P 500 Index due October 11, 2019

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1 Disclosure supplement To disclosure statement dated September 21, 2012 and underlying supplement no. CD-5-I dated August 3, 2012 JPMorgan Chase Bank, National Association $1,200,000 due October 11, 2019 General Certificates of deposit (the CDs ) issued by JPMorgan Chase Bank, National Association ( JPMorgan Chase Bank ) maturing October 11, 2019* The CDs are designed for investors who seek exposure to the appreciation of the S&P 500 Index over the term of the CDs. Investors should be willing to forgo interest and dividend payments as well as (1) any appreciation of the S&P 500 Index of more than 70.00% above the Starting Index Level and (2) if a Knock Out Event has occurred, any appreciation of the S&P 500 Index of more than 9.70%, while seeking full repayment of principal at maturity. The CDs are insured only within the limits and to the extent described in this disclosure supplement and in the accompanying disclosure statement. See Selected Risk Considerations Limitations on FDIC Insurance in this disclosure supplement. Any payment on the CDs in excess of FDIC insurance limits is subject to the credit risk of JPMorgan Chase Bank. Investing in the CDs is not equivalent to investing in a conventional certificate of deposit or directly in the S&P 500 Index or any of its components. Minimum denominations of $10,000 (and then in additional increments of $1,000) The CDs are expected to price on or about October 4, 2013 (the Pricing Date ) and are expected to settle on or about October 11, Key Terms Index: The S&P 500 Index (Bloomberg symbol: SPX ) Payment at Maturity: At maturity, you will receive a cash payment, for each $1,000 CD, of your principal amount ($1,000 per CD) plus the Additional Amount, which may be zero. You will receive no other interest or dividend payments during the term of the CDs. Additional Amount: The Additional Amount payable at maturity per $1,000 CD will be calculated as follows: (1) if a Knock-Out Event has not occurred, $1,000 the Index Return the Participation Rate, provided that the Additional Amount will not be less than zero or greater than the Maximum Amount; or (2) if a Knock-Out Event has occurred, $1,000 the Knock-Out Rate. Under these circumstances, the Additional Amount you receive at maturity will be equal to the Knock-Out Payment of $ Maximum Amount: $ per $1,000 CD (or $1, %) Knock-Out Event: If the closing level of the Index is greater than the Knock-Out Level on any day during the period from but excluding the pricing date to and including the Observation Date, a Knock-Out Event will have occurred. Knock-Out Level: % of the Starting Index Level, which is 2, Knock-Out Rate: 9.70%, which results in an Additional Amount equal to the Knock-Out Payment of $97.00 per $1,000 CD if a Knock-Out Event has occurred Knock-Out Payment: $97.00 per $1,000 CD Participation Rate: 100% Index Return: (Ending Index Level Starting Index Level) Starting Index Level Starting Index Level: The closing level of the Index on the Pricing Date, which was 1, Ending Index Level: The closing level of the Index on the Observation Date Observation Date*: October 4, 2019 Maturity Date*: October 11, 2019 Fees and Discounts: J.P. Morgan Securities LLC, which we refer to as JPMS, and its affiliates, will pay all of the selling commissions of $30.00 per $1,000 CD it receives from us to other affiliated or unaffiliated dealers. Early Withdrawals: At par upon death or adjudication of incompetence of a beneficial holder of the CDs. For information about early withdrawals and the limitations on such early withdrawals, see General Terms of the CDs Additions and Withdrawals in the accompanying disclosure statement. CUSIP: 48124J4M7 Calculation Agent: JPMS *Subject to postponement in the event of a market disruption event and as described under Description of the CDs Postponement of a Determination Date CDs Linked to a Single Index and Description of the CDs Payment at Maturity in the accompanying disclosure statement. Investing in the CDs involves a number of risks. See Risk Factors beginning on page 10 of the accompanying disclosure statement, Risk Factors beginning on page US-1 of the accompanying underlying supplement no. CD-5-I and Selected Risk Considerations beginning on page DS-3 of this disclosure supplement. The estimated value of the CDs as determined by JPMS, when the terms of the CDs were set, was $ per $1,000 CD. See JPMS s Estimated Value of the CDs in this disclosure supplement for additional information. Our affiliate, JPMS, certain of its affiliates and other broker-dealers may use this disclosure supplement and the accompanying disclosure statement in connection with offers and sales of the CDs after the date hereof. October 4, 2013

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3 Additional Terms Specific to the CDs You should read this disclosure supplement together with the disclosure statement dated September 21, 2012 and underlying supplement no. CD-5-I dated August 3, This disclosure supplement, together with the accompanying disclosure statement and underlying supplement no. CD-5-I, contains the terms of the CDs and supersedes all 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 and, to the extent of any inconsistency, any certificate of deposit disclosure statement produced and furnished by any unaffiliated dealer. You should carefully consider, among other things, the matters set forth in the Risk Factors sections in the accompanying disclosure statement and underlying supplement no. CD- 5-I, as the CDs involve risks not associated with conventional certificates of deposit. We urge you to consult your investment, legal, tax, accounting and other advisers before you invest in the CDs. You may access the disclosure statement and underlying supplement no. CD-5-I on our website at the following URLs: Disclosure statement dated September 21, 2012: Underlying supplement no. CD-5-I dated August 3, 2012: You may access information related to the audited consolidated financial statements of JPMorgan Chase Bank, N.A. as of December 31, 2012 and 2011 and for each of the years ended December 31, 2012, 2011 and 2010 at the following URL: As used in this disclosure supplement, we, us, our and JPMorgan Chase Bank refer to JPMorgan Chase Bank, National Association. JPMorgan Structured Investments DS- 1

4 Selected Purchase Considerations PRESERVATION OF CAPITAL AT MATURITY You will receive at least 100% of the principal amount of your CDs if you hold the CDs to maturity, regardless of the performance of the Index, subject to our creditworthiness for any amount in excess of FDIC-insured limits. APPRECIATION POTENTIAL If a Knock-Out Event has not occurred, at maturity, in addition to your principal, for each $1,000 CD, you will receive a payment equal to $1,000 the Index Return the Participation Rate, provided that this payment (the Additional Amount) will not be less than zero or greater than the Maximum Amount. If a Knock-Out Event has occurred, at maturity, in addition to the principal amount of your CDs, you will receive a payment equal to the Knock-Out Payment of $97.00 per $1,000 CD. FDIC INSURED The CDs are deposit obligations of JPMorgan Chase Bank and are insured by the FDIC up to applicable limits set by federal law and regulation, currently $250,000 for all deposits held by you in the same ownership capacity at JPMorgan Chase Bank. The principal amount of any CDs owned, and any potential Additional Amount that becomes eligible for federal deposit insurance, in excess of this limit is not insured by the FDIC. Under federal legislation adopted in 1993, claims of depositors are entitled to a preference in right of payment over claims of general unsecured creditors in the event of a liquidation or other resolution of any FDIC-insured depository institution. However, there can be no assurance that a depositor would receive the entire uninsured amount of the CDs in any such liquidation or other resolution. Additionally, because the Additional Amount, if any, depends on whether a Knock-Out Event has occurred and, if a Knock-Out Event has not occurred, is calculated using the Ending Index Level, the Additional Amount will not accrue to a holder of a CD until a Knock-Out Event has occurred or, if a Knock-Out Event has not occurred, the Observation Date. Accordingly, any potential Additional Amount will not be eligible for federal deposit insurance prior to the occurrence of a Knock-Out Event or, if a Knock-Out Event has not occurred, the Observation Date and is subject to the credit risk of JPMorgan Chase Bank. RETURN LINKED TO THE S&P 500 INDEX The return on the CDs is linked to the performance of the S&P 500 Index. The S&P 500 Index consists of 500 component stocks selected to provide a performance benchmark for the U.S. equity markets. For additional information about the S&P 500 Index, see the section entitled Equity Index Descriptions The S&P 500 Index in the accompanying underlying statement no. CD-5-I. TAXED AS CONTINGENT PAYMENT DEBT INSTRUMENTS You should review carefully the section entitled Material U.S. Federal Income Tax Consequences, and in particular the subsection thereof entitled CDs with a Term of More than One Year, in the accompanying disclosure statement. Unlike a traditional certificate of deposit that provides for periodic payments of interest at a single fixed rate, with respect to which a cash-method investor generally recognizes income only upon receipt of stated interest, the CDs will be treated for U.S. federal income tax purposes as contingent payment debt instruments. As discussed in that subsection, you generally will be required to accrue original issue discount on your CDs in each taxable year at the comparable yield, as determined by us, although we will not make any payment with respect to the CDs until maturity. Subject to the occurrence of a Knock-Out Event, upon sale or exchange (including at maturity), you will recognize taxable income or loss equal to the difference between the amount received from the sale or exchange and your adjusted basis in the CD, which generally will equal the cost thereof, increased by the amount of original issue discount you have accrued in respect of the CD. 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 in the event of the occurrence of a Knock-Out Event. You should consult your tax adviser concerning the application of these rules. Purchasers who are not initial purchasers of CDs at their issue price should consult their tax advisers with respect to the tax consequences of an investment in CDs, including the treatment of the difference, if any, between the basis in their CDs and the CDs adjusted issue price. As discussed in the section entitled Material U.S. Federal Income Tax Consequences No Reliance in the accompanying disclosure statement, you cannot use the tax summaries herein for the purpose of avoiding penalties that may be asserted against you under the Internal Revenue Code of 1986, as amended. COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE We have determined that the comparable yield is an annual rate of 1.92%, compounded semiannually. Based upon our determination of the comparable yield, the projected payment schedule per $1,000 CD consists of a single payment at maturity, equal to $1, Assuming a semiannual accrual period, the following table states the amount of OID that will accrue with respect to the CDs during each calendar period, based upon our determination of the comparable yield and the projected payment schedule. JPMorgan Structured Investments DS- 2

5 Calendar Period Accrued OID During Calendar Period (Per $1,000 CD) Total Accrued OID from Original Issue Date (Per $1,000 CD) as of End of Calendar Period October 11, 2013 through December 31, $4.21 $4.21 January 1, 2014 through December 31, $19.37 $23.58 January 1, 2015 through December 31, $19.75 $43.33 January 1, 2016 through December 31, $20.13 $63.46 January 1, 2017 through December 31, $20.52 $83.98 January 1, 2018 through December 31, $20.92 $ January 1, 2019 through October 11, $16.62 $ Neither the comparable yield nor the projected payment schedule constitutes a representation by us regarding the actual Additional Amount, if any, that we will pay on the CDs. The amount you actually receive at maturity or earlier sale or exchange of your CDs will affect your income for that year, as described above under Taxed as Contingent Payment Debt Instruments. Selected Risk Considerations An investment in the CDs involves significant risks. Investing in the CDs is not equivalent to investing directly in the Index or any of the stocks composing the Index. These risks are explained in more detail in the Risk Factors sections of the accompanying disclosure statement and underlying supplement no. CD-5-I. MARKET RISK The return on the CDs at maturity is linked to the performance of the Index, and will depend on whether a Knock-Out Event has occurred and, if a Knock-Out Event has not occurred, whether, and the extent to which, the Index Return is positive. YOU WILL RECEIVE NO MORE THAN THE FULL PRINCIPAL AMOUNT OF YOUR CDs AT MATURITY IF THE INDEX RETURN IS ZERO OR NEGATIVE AND A KNOCK-OUT EVENT HAS NOT OCCURRED. If a Knock-Out Event has occurred, at maturity, in addition to the principal amount of your CDs, you will receive a payment equal to the Knock-Out Payment of $97.00 per $1,000 CD. THE CDs MAY NOT PAY MORE THAN THE PRINCIPAL AMOUNT AT MATURITY You may receive a lower payment at maturity than you would have received if you had invested directly in the Index, the stocks composing the Index or contracts related to the Index. If the Ending Index Level does not exceed the Starting Index Level, and if a Knock-Out Event has not occurred, the Additional Amount will be zero. This will be true even if the value of the Index was greater than the Starting Index Level at some time during the term of the CDs but falls below the Starting Index Level on the Observation Date. THE KNOCK OUT FEATURE WILL LIMIT YOUR RETURN ON THE CDs AND MAY AFFECT YOUR PAYMENT AT MATURITY Your ability to participate in the appreciation of the Index may be limited to a payment on the CDs at the Knock-Out Rate of 9.70%. If a Knock-Out Event has occurred, at maturity, in addition to the principal amount of your CDs, you will receive a payment equal to the Knock-Out Payment of $97.00 per $1,000 CD, and your return on the CDs will not be determined by reference to the Index Return even though the Index Return may reflect significantly greater appreciation in the Index than the Knock-Out Rate of 9.70%. THE MAXIMUM RETURN ON AN INVESTMENT IN THE CDs IS 70.00% AT MATURITY AND IS LIMITED BY THE KNOCK-OUT LEVEL Your investment in the CDs may not perform as well as an investment with a return based solely on the performance of the Index. Your ability to participate in the appreciation of the Index may be limited by the Knock-Out Level. If a Knock-Out Event has not occurred, for each $1,000 CD, you will receive at maturity $1,000 plus an Additional Amount that will not exceed the Maximum Amount, regardless of the appreciation in the Index, which may be significant. Under these circumstances, your return will not reflect any potential increase in the Ending Index Level as compared to the Starting Index Level of more than the Knock-Out Level. Therefore, your upside appreciation is limited by the Knock-Out Level. THE CDs MAY BE SUBJECT TO THE CREDIT RISK OF JPMORGAN CHASE BANK A depositor purchasing a principal amount of CDs in excess of FDIC insurance limits, when aggregated with all other deposits held by the depositor in the same right and capacity at JPMorgan Chase Bank, will be subject to the credit risk of JPMorgan Chase Bank. Investors are dependent on JPMorgan Chase Bank s ability to pay any amounts due on the CDs in excess of FDIC insurance limits. Any actual or potential change in the creditworthiness, credit ratings or credit spreads related to us or our affiliates, as determined by the market for taking that credit risk, is likely to adversely affect the value of the CDs. YOUR RETURN ON THE CDs MAY BE LESS THAN THE KNOCK-OUT RATE If a Knock-Out Event has not occurred, the Additional Amount will be equal to $1,000 Index Return Participation Rate, provided that the Additional Amount will not be less than zero or greater than the Maximum Amount and will not be determined JPMorgan Structured Investments DS- 3

6 by reference to the Knock-Out Rate of 9.70%. Under these circumstances, because the Participation Rate is 100%, if the Index Return is less than 9.70%, your return on the CDs will be less than if a Knock-Out Event has occurred. RISK OF KNOCK-OUT EVENT OCCURRING IS GREATER IF THE INDEX IS VOLATILE The likelihood of the Index closing above the Knock-Out Level during the period from the Pricing Date to and including the Observation Date, and thereby triggering a Knock-Out Event, will depend in large part on the volatility of the Index the frequency and magnitude of changes in the level of the Index. POTENTIAL CONFLICTS We and our affiliates play a variety of roles in connection with the issuance of the CDs, including acting as CD calculation agent and a broker for the offering of the CDs, hedging our obligations under the CDs and making the assumptions used to determine the pricing of the CDs and the estimated value of the CDs when the terms of the CDs are set, which we refer to as JPMS s estimated value. In performing these duties, our economic interests and the economic interests of the CD calculation agent and other affiliates of ours are potentially adverse to your interests as an investor in the CDs. In addition, our business activities, including hedging and trading activities, could cause our economic interests to be adverse to yours and could adversely affect any payment on the CDs and the value of the CDs. It is possible that hedging or trading activities of ours or our affiliates in connection with the CDs could result in substantial returns for us or our affiliates while the value of the CDs declines. Please refer to Risk Factors Risks Relating to the CDs Generally in the accompanying disclosure statement for additional information about these risks. In addition, we are currently one of the companies that make up the S&P 500 Index. We will not have any obligation to consider your interests as a holder of the CDs in taking any corporate action that might affect the value of the S&P 500 Index and the CDs. JPMS S ESTIMATED VALUE OF THE CDs IS LOWER THAN THE ORIGINAL ISSUE PRICE (PRICE TO PUBLIC) OF THE CDs JPMS s estimated value is only an estimate using several factors. The original issue price of the CDs exceeds JPMS s estimated value because costs associated with selling, structuring and hedging the CDs are included in the original issue price of the CDs. These costs include the selling commissions, the projected profits, if any, that our affiliates expect to realize for assuming risks inherent in hedging our obligations under the CDs and the estimated cost of hedging our obligations under the CDs. See JPMS s Estimated Value of the CDs in this disclosure supplement. JPMS S ESTIMATED VALUE DOES NOT REPRESENT FUTURE VALUES OF THE CDs AND MAY DIFFER FROM OTHERS ESTIMATES JPMS s estimated value of the CDs is determined by reference to JPMS s internal pricing models when the terms of the CDs are set. This estimated value is based on market conditions and other relevant factors existing at that time and JPMS s assumptions about market parameters, which can include volatility, dividend rates, interest rates and other factors. Different pricing models and assumptions could provide valuations for the CDs that are greater than or less than JPMS s estimated value. In addition, market conditions and other relevant factors in the future may change, and any assumptions may prove to be incorrect. On future dates, the value of the CDs could change significantly based on, among other things, changes in market conditions, our creditworthiness, interest rate movements and other relevant factors, which may impact the price, if any, at which JPMS would be willing to buy CDs from you in secondary market transactions. See JPMS s Estimated Value of the CDs in this disclosure supplement. JPMS S ESTIMATED VALUE IS DERIVED BY REFERENCE TO AN INTERNAL FUNDING RATE The internal funding rate used in the determination of JPMS s estimated value is based on, among other things, our view of the funding value of the CDs as well as the issuance, operational and ongoing liability management costs of the CDs. Our use of an internal funding rate and any potential changes to these rates may have an adverse effect on the terms of the CDs and any secondary market prices of the CDs. See JPMS s Estimated Value of the CDs in this disclosure supplement. THE VALUE OF THE CDs AS PUBLISHED BY JPMS (AND WHICH MAY BE REFLECTED ON CUSTOMER ACCOUNT STATEMENTS) MAY BE HIGHER THAN JPMS S THEN-CURRENT ESTIMATED VALUE OF THE CDs FOR A LIMITED TIME PERIOD We generally expect that some of the costs included in the original issue price of the CDs will be partially paid back to you in connection with any repurchases of your CDs by JPMS in an amount that will decline to zero over an initial predetermined period. These costs can include projected hedging profits, if any, and, in some circumstances, estimated hedging costs and our internal secondary market funding rates for structured issuances. See Secondary Market Prices of the CDs in this disclosure supplement for additional information relating to this initial period. Accordingly, the estimated value of your CDs during this initial period may be lower than the value of the CDs as published by JPMS (and which may be shown on your customer account statements). SECONDARY MARKET PRICES OF THE CDs WILL LIKELY BE LOWER THAN THE ORIGINAL ISSUE PRICE OF THE CDs Any secondary market prices of the CDs will likely be lower than the original issue price of the CDs because, JPMorgan Structured Investments DS- 4

7 among other things, secondary market prices take into account our internal secondary market funding rates for structured issuances and, also, because secondary market prices (a) exclude selling commissions and (b) may exclude projected hedging profits, if any, and estimated hedging costs that are included in the original issue price of the CDs. As a result, the price, if any, at which JPMS will be willing to buy CDs from you in secondary market transactions, if at all, is likely to be lower than the original issue price. Any sale by you prior to the Maturity Date could result in a substantial loss to you. See the immediately following risk consideration for information about additional factors that will impact any secondary market prices of the CDs In addition, if JPMS purchases your CDs in the secondary market within six days after their initial issuance, you will be subject to early withdrawal penalties we are required to impose pursuant to Regulation D of the Federal Reserve Board. Under these circumstances, the repurchase price will be less than the original issue price of the CDs. The CDs are not designed to be short-term trading instruments. Accordingly, you should be able and willing to hold your CDs to maturity. See Lack of Liquidity below. SECONDARY MARKET PRICES OF THE CDs WILL BE IMPACTED BY MANY ECONOMIC AND MARKET FACTORS The secondary market price of the CDs during their term will be impacted by a number of economic and market factors, which may either offset or magnify each other, aside from the selling commissions, projected hedging profits, if any, estimated hedging costs and the level of the Index, including: any actual or potential change in our or our affiliates creditworthiness or credit spreads; customary bid-ask spreads for similarly sized trades; our internal secondary market funding rates for structured issuances; whether a Knock-Out event has or is expected to occur; the actual and expected volatility of the Index; the time to maturity of the CDs; the dividend rates, if applicable, on the securities underlying the Index; interest and yield rates in the market generally; and a variety of other economic, financial, political, regulatory and judicial events. Additionally, independent pricing vendors and/or third party broker-dealers may publish a price for the CDs, which may also be reflected on customer account statements. This price may be different (higher or lower) than the price of the CDs, if any, at which JPMS may be willing to purchase your CDs in the secondary market. NO PERIODIC INTEREST PAYMENTS, DIVIDEND PAYMENTS OR VOTING RIGHTS As a holder of the CDs, you will not receive periodic interest payments, and you will not have voting rights or rights to receive cash dividends or other distributions or other rights that holders of the securities underlying the S&P 500 Index would have. LACK OF LIQUIDITY The CDs will not be listed on an organized securities exchange. JPMS and its affiliates may offer to purchase the CDs upon terms and conditions acceptable to them, but are not required to do so. For more information, see General Terms of the CDs Additions and Withdrawals and Discounts and Secondary Market in the accompanying disclosure statement dated September 21, LIMITATIONS ON FDIC INSURANCE As a general matter, holders who purchase CDs in a principal amount greater than the applicable limits set by federal law and regulation will not be insured by the FDIC for the principal amount, and any potential Additional Amount that becomes eligible for federal deposit insurance, exceeding such limit. In addition, under FDIC interpretations, the return on the CDs, which is reflected in the form of the Additional Amount, is not insured by the FDIC until a Knock-Out Event has occurred or, if a Knock- Out Event has not occurred, the Observation Date. Any amounts due on the CDs in excess of the applicable FDIC insurance limits will be subject to the credit risk of JPMorgan Chase Bank. For more information, see Deposit Insurance in the accompanying disclosure statement. JPMorgan Structured Investments DS- 5

8 Sensitivity Analysis Hypothetical Payment at Maturity for Each $1,000 CD The table below illustrates the payment at maturity (including, where relevant, the payment of the Additional Amount) on a $1,000 CD for a hypothetical range of performances for the Index Return from -90% to +150%, assumes a Starting Index Level of 1,685 and a Knock-Out Level of 2,864.50, which is equal to % of the hypothetical Starting Index Level, and reflects the Participation Rate of 100%, the Maximum Amount of $ and the Knock-Out Rate of 9.70%. For purposes of the following table and examples, the Monitoring Period refers to the period from but excluding the Pricing Date to and including the Observation Date. The following results are based solely on the hypothetical example cited. You should consider carefully whether the CDs are suitable to your investment goals. The numbers appearing in the table below have been rounded for ease of analysis. If Knock-Out Event Has Not Occurred (1) If Knock-Out Event Has Occurred (2) Annual Annual Ending Index Level Index Return Payment at Maturity Percentage Yield Payment at Maturity Percentage Yield 4, % N/A N/A $1, % 3, % N/A N/A $1, % 3, % N/A N/A $1, % 3, % N/A N/A $1, % 3, % N/A N/A $1, % 2, % N/A N/A $1, % 2, % N/A N/A $1, % 2, % $1, % $1, % 2, % $1, % $1, % 2, % $1, % $1, % 2, % $1, % $1, % 1, % $1, % $1, % 1, % $1, % $1, % 1, % $1, % $1, % 1, % $1, % $1, % 1, % $1, % $1, % % $1, % $1, % % $1, % $1, % % $1, % $1, % (1) The closing level of the Index is less than or equal to the Knock-Out Level (170.00% of the Starting Index Level) on each day during the Monitoring Period. (2) The closing level of the Index is greater than the Knock-Out Level (170.00% of the Starting Index Level) on at least one day during the Monitoring Period. Hypothetical Examples of Amount Payable at Maturity The following examples illustrate how the payment at maturity in different hypothetical scenarios is calculated. Example 1: The closing level of the Index increases from the Starting Index Level of 1,685 to an Ending Index Level of 2, and a Knock-Out Event has not occurred. Because (i) the Ending Index Level of 2, is greater than the Starting Index Level of 1,685 and the Index Return is 30% and (ii) a Knock-Out Event has not occurred, the Additional Amount is equal to $300 and the payment at maturity is equal to $1,300 per $1,000 CD, calculated as follows: $1,000 + ($1,000 30% 100%) = $1,300 Example 2: The closing level of the Index decreases from the Starting Index Level of 1,685 to an Ending Index Level of 1, and a Knock-Out Event has not occurred. Because (i) the Ending Index Level of 1, is less than the Starting Index Level of 1,685 and the Index Return is -30% and (ii) a Knock-Out Event has not occurred, the Additional Amount is equal to zero and the payment at maturity per $1,000 CD is the principal amount of $1,000. Example 3: The closing level of the Index increases from the Starting Index Level of 1,685 to an Ending Index Level of 3, a Knock-Out Event has occurred. Because the Ending Index Level of 3, is greater than the Knock-Out Level of 2,864.50, a Knock-Out Event has occurred. Accordingly, the Additional Amount is equal to $97.00 and the payment at maturity is equal to the Knock-Out Payment of $1,097 per $1,000 CD, calculated as follows: $1,000 + ($1, %) = $1,097 JPMorgan Structured Investments DS- 6

9 Example 4: The closing level of the Index increases from the Starting Index Level of 1,685 to an Ending Index Level of 2,696 and a Knock-Out Event has occurred. Even though the Ending Index Level of 2,696 is greater than the Starting Index Level of 1,685 by more than 9.70%, because a Knock-Out Event has occurred, the Additional Amount is equal to the Knock-Out Payment of $97.00 and the payment at maturity is equal to $1,097 per $1,000 CD, calculated as follows: $1,000 + ($1, %) = $1,097 Example 5: The closing level of the Index decreases from the Starting Index Level of 1,685 to an Ending Index Level of 1, and a Knock-Out Event has occurred. Even though the Ending Index Level of 1, is less than the Starting Index Level of 1,685, because a Knock-Out Event has occurred, the Additional Amount is equal to the Knock-Out Payment of $97.00 and the payment at maturity is equal to $1,097 per $1,000 CD, calculated as follows: $1,000 + ($1, %) = $1,097 The hypothetical returns and hypothetical payments on the CDs shown above apply only if you hold the CDs for their entire term. These hypotheticals do not reflect fees or expenses that would be associated with any sale in the secondary market. If these fees and expenses were included, the hypothetical returns and hypothetical payments shown above would likely be lower. JPMorgan Structured Investments DS- 7

10 Historical Information The following graph sets forth the weekly historical performance of the S&P 500 Index from January 4, 2008 through October 4, The closing level of the S&P 500 Index on October 4, 2013 was 1, We obtained the various closing levels and other information below from Bloomberg Financial Markets without independent verification. The historical closing levels should not be taken as an indication of future performance, and no assurance can be given as to the closing level on the Observation Date or any other day between the Pricing Date and the Observation Date. We cannot give you assurance that the performance of the Index will result in a positive return on your initial investment at maturity. JPMS s Estimated Value of the CDs JPMS s estimated value of the CDs set forth on the cover of this disclosure supplement is equal to the sum of the values of the following hypothetical components: (1) a fixed-income component with the same maturity as the CDs, valued using an internal funding rate and (2) the derivative or derivatives underlying the economic terms of the CDs. JPMS s estimated value does not represent a minimum price at which JPMS would be willing to buy your CDs in any secondary market (if any exists) at any time. The internal funding rate used in the determination of JPMS s estimated value is based on, among other things, our view of the funding value of the CDs as well as the issuance, operational and ongoing liability management costs of the CDs. For additional information, see Selected Risk Considerations JPMS s Estimated Value Is Derived by Reference to an Internal Funding Rate. The value of the derivative or derivatives underlying the economic terms of the CDs is derived from JPMS s internal pricing models. These models are dependent on inputs such as the traded market prices of comparable derivative instruments and on various other inputs, some of which are market-observable, and which can include volatility, dividend rates, interest rates and other factors, as well as assumptions about future market events and/or environments. Accordingly, JPMS s estimated value of the CDs is determined when the terms of the CDs are set based on market conditions and other relevant factors and assumptions existing at that time. See Selected Risk Considerations JPMS s Estimated Value Does Not Represent Future Values of the CDs and May Differ from Others Estimates. JPMS s estimated value of the CDs is lower than the original issue price of the CDs because costs associated with selling, structuring and hedging the CDs are included in the original issue price of the CDs. These costs include the selling commissions paid to JPMS and other affiliated or unaffiliated dealers, the projected profits, if any, that our affiliates expect to realize for assuming risks inherent in hedging our obligations under the CDs and the estimated cost of hedging our obligations under the CDs. Because hedging our obligations entails risk and may be influenced by market forces beyond our control, this hedging may result in a profit that is more or less than expected, or it may result in a loss. A portion of the profits realized in hedging our obligations under the CDs may be allowed to other affiliated or unaffiliated dealers, and we or one or more of our affiliates will retain any remaining hedging profits. See Selected Risk Considerations JPMS s Estimated Value of the CDs Is Lower Than the Original Issue Price (Price to Public) of the CDs in this disclosure supplement. Secondary Market Prices of the CDs For information about factors that will impact any secondary market prices of the CDs, see Selected Risk Considerations Secondary Market Prices of the CDs Will Be Impacted by Many Economic and Market Factors in this disclosure supplement. In addition, we generally expect that some of the costs included in the original issue price of JPMorgan Structured Investments DS- 8

11 the CDs will be partially paid back to you in connection with any repurchases of your CDs by JPMS in an amount that will decline to zero over an initial predetermined period that is intended to be the shorter of six months and one-half of the stated term of the CDs. The length of any such initial period reflects the structure of the CDs, whether our affiliates expect to earn a profit in connection with our hedging activities, the estimated costs of hedging the CDs and when these costs are incurred, as determined by JPMS. See Selected Risk Considerations The Value of the CDs as Published by JPMS (and Which May Be Reflected on Customer Account Statements) May Be Higher Than JPMS s Then- Current Estimated Value of the CDs for a Limited Time Period. Supplemental Use of Proceeds The net proceeds we receive from the sale of the CDs will be used for general corporate purposes and, in part, by us or one or more of our affiliates in connection with hedging our obligations under the CDs. The CDs are offered to meet investor demand for products that reflect the risk-return profile and market exposure provided by the CDs. See Sensitivity Analysis Hypothetical Payment at Maturity for Each $1,000 CD and Hypothetical Examples of Amount Payable at Maturity in this disclosure supplement for an illustration of the riskreturn profile of the CDs and Selected Purchase Considerations Return Linked to the S&P 500 Index in this CDs term sheet for a description of the market exposure provided by the CDs. The original issue price of the CDs is equal to JPMS s estimated value of the CDs plus the selling commissions paid to JPMS and other affiliated or unaffiliated dealers, plus (minus) the projected profits (losses) that our affiliates expect to realize for assuming risks inherent in hedging our obligations under the CDs, plus the estimated cost of hedging our obligations under the CDs. For purposes of the CDs offered by this disclosure supplement, the first paragraph of the section entitled Use of Proceeds and Hedging on page 31 of the accompanying disclosure statement is deemed deleted in its entirety. Please refer instead to the discussion set forth above. Supplemental Plan of Distribution We expect that delivery of the CDs will be made against payment for the CDs on or about the settlement date set forth on the front cover of this disclosure supplement, which will be the fifth business day following the Pricing Date of the CDs (this settlement cycle being referred to as T+5). Accordingly, purchasers who wish to trade CDs on the Pricing Date or the succeeding business day will be required to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement and should consult their own advisors. JPMorgan Structured Investments DS- 9