...The estimated value of the securities on the pricing date as determined by JPMS was $9.588 per $10 stated principal amount security. See "Additional Information about the Securities -- JPMS s estimated value of the securities" in the accompanying preliminary terms for additional information. The securities are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank. You should read this document together with the preliminary terms describing the offering and the related product supplement no. 4a-I, prospectus supplement and prospectus, each of which can be accessed via the hyperlinks below. Please also see "Additional Information about the Securities" in the accompanying preliminary terms. Preliminary terms no. 278 dated December 31, 2014: http://www.sec.gov/Archives/edgar/data/19617/000095010315000040/dp52318 fwp-pt278.htm Product supplement no. 4a-I dated November 7, 2014: http://www.sec.gov/Archives/edgar/data/19617/000089109214008407/e61359 424b2.pdf...
