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Glossary
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SPY SPDR S & P 500 ETF Trust
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IWM iShares Russell 2000 Index Fund
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EFA iShares MSCI EAFE Index Fund
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TLT iShares Barclays 20+ Year Treasury Bond Fund
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LQD iShares iBOXX Investment Grade Corporate Bond Fund
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HYG iShares iBOXX High Yield Corporate Bond Fund
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EEM iShares MSCI Emerging Markets Index Fund
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EMB iShares JPMorgan USD Emerging Markets Bond Fund
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GSG iShares S & P GSCI Commodity-Indexed Trust
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GLD SPDR Gold Trust
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IYR iShares Dow Jones Real Estate Index Fund
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TIP iShares Barclays US Treasury Inflation Protected Securities Fund
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Cash JPMorgan Cash Index USD 3 Month
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Key Risks
[] The Index comprises notional assets and liabilities -- There is no actual
portfolio of assets to which any person is entitled or in which any person has
any ownership interest.
[] There are risks associated with a momentum-based investment strategy - The
Index is different from a strategy that seeks long-term exposure to a portfolio
consisting of constant components with fixed weights. The Index may fail to
realize gains that could occur from holding assets that have experienced price
declines, but experience a sudden price spike thereafter.
[] Correlation of performance among the Index constituents may reduce Index
performance.
[] Our affiliate, JPMSL, is the Calculation Agent and may adjust the Index in a
way that affects its level--the policies and judgements for which JPMSL is
responsible could have an impact, positive or negative, on the level of the
Index and the value of your investment. JPMSL is under no obligation to
consider your interest as an investor in securities linked to the Index.
[] The Index may be partially uninvested, may not be successful, may not
outperform any alternative strategy related to the Index constituents, or may
not achieve its target volatility of 5%.
[] The investment strategy involves quarterly rebalancing and maximum weighting
caps applied to the Index constituents by asset type and geographical region.
[] Changes in the value of the Index constituents may offset each other.
[] An investment linked to the Index is subject to risks associated with
non-U.S securities markets, such as emerging markets and currency exchange
risk.
[] The Index was established on October 29, 2010 and has a limited operating
history.
DISCLAIMER
JPMorgan Chase & Co. ("J.P. Morgan") has filed a registration statement
(including a prospectus) with the Securities and Exchange Commission (the
"SEC") for any offerings to which these materials relate. Before you invest in
any offering of securities by J.P. Morgan, you should read the prospectus in
that registration statement, the prospectus supplement, as well as the
particular product supplement, underlying supplement, the relevant termsheet or
pricing supplement, and any other documents that J.P. Morgan will file with the
SEC relating to such offering for more complete information about J.P. Morgan
and the offering of any securities. You may get these documents without cost by
visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, J.P. Morgan,
any agent or any dealer participating in the particular offering will arrange
to send you the prospectus and the prospectus supplement, as well as any
product supplement, underlying supplement and termsheet or pricing supplement,
if you so request by calling toll-free (800) 576 3529.
Free Writing Prospectus filed pursuant to Rule 433; Registration Statement No.
333-177923
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