JPMORGAN CHASE ANNOUNCES REDEMPTION OF APPROXIMATELY $5 BILLION IN AGGREGATE AMOUNT OF OUTSTANDING TRUST PREFERRED CAPITAL SECURITIES

New York, April 8, 2013 - JPMorgan Chase & Co. (NYSE: JPM) announced today that each of the trusts listed below will redeem all of the issued and outstanding trust preferred capital securities identified below (the "Trust Preferred Securities") on May 8, 2013 pursuant to the optional redemption provisions provided in the documents governing such Trust Preferred Securities. In each case, the redemption price will be 100% of the liquidation amount of each Trust Preferred Security, together with accrued and unpaid distributions to the redemption date. The redemptions will be funded with available cash.

Trust Security Amount CUSIP NYSE Ticker
J.P. Morgan Chase Capital X 7.000% Capital Securities,
Series J
$1,000,000,000 46623D200 JPM-PrJ
J.P. Morgan Chase Capital XI 5.875% Capital Securities,
Series K
$1,075,000,000 46626V207 JPM-PrK
J.P. Morgan Chase Capital XII 6.250% Capital Securities,
Series L
$400,000,000 46626X203 JPM-PrX
JPMorgan Chase Capital XIV 6.200% Capital Securities,
Series N
$600,000,000 48122F207 JPM-PrY
JPMorgan Chase Capital XVI 6.350% Capital Securities,
Series P
$500,000,000 481228203 JPM-PrP
JPMorgan Chase Capital XIX 6.625% Capital Securities,
Series S
$562,500,000 48123A207 JPM-PrS
JPMorgan Chase Capital XXIV 6.875% Capital Securities,
Series X
$700,000,000 48123W209 JPM-PrW
BANK ONE Capital VI 7.200% Preferred Securities $100,000,000 06423W204 JPM-PrO

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.