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Published on 5/2/2012 in the Prospect News Structured Products Daily.

JPMorgan fixes Cusip of annual income notes linked to ETF Efficiente 5

By Angela McDaniels

Tacoma, Wash., May 2 - JPMorgan Chase & Co. changed the Cusip number of its annual income notes contingent on the performance of the JPMorgan ETF Efficiente 5 index to 48125VXA3 from 48123VXA3, according to an FWP filing with the Securities and Exchange Commission.

The maturity date is May 31, 2016.

As previously reported, interest is payable annually at a rate equal to the index return multiplied by the index factor, subject to a minimum rate of zero to 0.25%. The exact minimum rate will be set at pricing.

The index factor is one divided by the number of interest determination dates that have occurred to date including the current interest determination date. The interest determination dates are May 28, 2013, May 27, 2014, May 26, 2015 and May 25, 2016.

The payout at maturity will be par plus the last coupon payment.

The notes are expected to price May 25 and settle May 31.

J.P. Morgan Securities LLC is the agent.


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