Document:

EXHIBIT 4(b)(4)

[FORM OF FACE OF SECURITY]

MEDIUM-TERM NOTE, SERIES E

	REGISTERED	PRINCIPAL AMOUNT:
	No. 	ISIN: 
	 	COMMON CODE:
	 	 

 

[Unless this certificate is presented
by an authorized representative of Euroclear Bank S.A./N.V./Clearstream Banking, société anonyme to the issuer
or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of The Bank
of New York Depository (Nominees) Ltd. or such other name as requested by an authorized representative of Euroclear Bank S.A./N.V./Clearstream
Banking, société anonyme and any payment is made to The Bank of New York Depository (Nominees) Ltd., ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof,
The Bank of New York Depository (Nominees) Ltd., has an interest herein.]1

JPMorgan Chase & Co., a Delaware
corporation (together with its successors and assigns, the “Issuer”), for value received, hereby promises to
pay to           , or registered assignees, the amounts due (whether in cash, securities or other property, as specified in the Related Prospectus
described below), if any, together with unpaid accrued interest thereon, if any, on the date or dates, as the case may be, specified
in the pricing supplement attached hereto as Appendix A and delivered herewith (together with any product supplement(s), underlying
supplement(s), prospectus supplement(s) and prospectus(es) referenced therein (however titled), the “Related Prospectus”).

Reference is hereby made to the further
provisions of this Note set forth on the reverse hereof and in the Related Prospectus, which further provisions are incorporated
herein by reference and shall for all purposes have the same effect as if set forth at this place.

Unless the certificate of authentication
hereon has been executed by or on behalf of the Trustee by the Authenticating Agent referred to on the reverse hereof by manual
signature, this Note shall not be entitled to any benefit under the Indenture, as defined on the reverse hereof, or be valid or
obligatory for any purpose.

1
Applies only if this Note is Registered Global Security.

    	 

    	 

    

IN WITNESS WHEREOF, the Issuer has caused
this Note to be duly executed.

Date:

	JPMORGAN CHASE & CO.
	By:	 	 
	 	Name:
	 	Title:

 

	 
	Attest:	 	 
	 	Name:
	 	Title: 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

This is one of the Securities referred to in the within-mentioned
Indenture.

	DEUTSCHE BANK TRUST COMPANY AMERICAS

(f/k/a/ Bankers Trust Company),

as Trustee

BY:  THE BANK OF NEW YORK MELLON, 

as Authenticating Agent
	By:	 	 
	 	Name:
	 	Title:

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[FORM OF REVERSE OF SECURITY]

This Note is one of a duly authorized
issue of Medium-Term Notes, Series E (the “Notes”) of the Issuer. The Notes are issuable under an Indenture,
dated as of May 25, 2001, between the Issuer and Deutsche Bank Trust Company Americas (f/k/a Bankers Trust Company), as Trustee
(the “Trustee,” which term includes any successor trustee under the Indenture) (as may be amended or supplemented
from time to time, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities of the Issuer, the Trustee and
holders of the Notes and the terms upon which the Notes are, and are to be, authenticated and delivered. The Issuer has appointed
The Bank of New York Mellon at its corporate trust office in the Borough of Manhattan, the City of New York and The Bank of New
York Mellon, London Branch at its corporate trust office in London, as the paying agents (collectively, the “Paying Agent,”
which term includes any additional or successor Paying Agent appointed by the Issuer) with respect to the Notes. To the extent
not inconsistent herewith, the terms of the Indenture are hereby incorporated by reference herein.

This Note and all the obligations of
the Issuer hereunder are direct, unsecured obligations of the Issuer and rank without preference or priority among themselves and
pari passu with all other existing and future unsecured and unsubordinated indebtedness of the Issuer, subject to certain
statutory exceptions in the event of liquidation upon insolvency.

This Note, and any Note or Notes issued
upon transfer or exchange hereof, is issuable only in fully registered form, without coupons, and is issuable in denominations
as set forth in the Relevant Prospectus.

Other Terms

The Paying Agent has been appointed registrar
for the Notes, and the Paying Agent will maintain at its office in the City of New York and London a register for the registration
and transfer of Notes. This Note may be transferred at the aforesaid offices of the Paying Agent by surrendering this Note for
cancellation, accompanied by a written instrument of transfer in form satisfactory to the Paying Agent and duly executed by the
registered holder hereof in person or by the holder’s attorney duly authorized in writing, and thereupon the Paying Agent
shall issue in the name of the transferee or transferees, in exchange herefor, a new Note or Notes having identical terms and provisions
and having a like aggregate principal amount in authorized denominations, subject to the terms and conditions set forth herein;
provided, however, that the Paying Agent will not be required (i) to register the transfer of or exchange any Note
that has been called for redemption in whole or in part, except the unredeemed portion of Notes being redeemed in part, (ii) to
register the transfer of or exchange any Note if the holder thereof has exercised his right, if any, to require the Issuer to repurchase
such Note in whole or in part, except the portion of such Note not required to be repurchased, or (iii) to register the transfer
of or exchange Notes to the extent and during the period so provided in the Indenture with respect to the redemption of Notes.
Notes are exchangeable at said office for other Notes of other authorized denominations of equal aggregate principal amount having
identical terms and provisions. All such exchanges and transfers of Notes will be free of charge, but the Issuer may require payment
of a sum sufficient to cover any tax or other governmental charge in connection

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therewith. All Notes surrendered for
exchange shall be accompanied by a written instrument of transfer in form satisfactory to the Paying Agent and executed by the
registered holder in person or by the holder’s attorney duly authorized in writing. The date of registration of any Note
delivered upon any exchange or transfer of Notes shall be such that no gain or loss of interest results from such exchange or transfer.

In case this Note shall at any time become
mutilated, defaced or be destroyed, lost or stolen and this Note or evidence of the loss, theft or destruction thereof (together
with the indemnity hereinafter referred to and such other documents or proof as may be required in the premises) shall be delivered
to the Paying Agent, the Issuer in its discretion may execute a new Note of like tenor in exchange for this Note, but, if this
Note is destroyed, lost or stolen, only upon receipt of evidence satisfactory to the Issuer and the Paying Agent that this Note
was destroyed or lost or stolen and, if required, upon receipt also of indemnity satisfactory to each of them. All expenses and
reasonable charges associated with procuring such indemnity and with the preparation, authentication and delivery of a new Note
shall be borne by the owner of the Note mutilated, defaced, destroyed, lost or stolen.

The Indenture provides that (a) if an
Event of Default (as defined in the Indenture) due to the default in payment of principal of, premium, if any, or interest on,
any series of debt securities issued under the Indenture, including the series of Medium-Term Notes of which this Note forms a
part, or due to the default in the performance or breach of any other covenant or warranty of the Issuer applicable to the debt
securities of such series but not applicable to all outstanding debt securities issued under the Indenture, shall have occurred
and be continuing, either the Trustee or the holders of not less than 25% in principal amount of the debt securities of each affected
series (treated as one class), by written notice, may then declare the principal of all debt securities of all such series and
interest accrued thereon to be due and payable immediately and (b) if an Event of Default due to a default in the performance of
any other of the covenants or agreements in the Indenture applicable to all outstanding debt securities issued thereunder, including
this Note, or due to certain events of bankruptcy or insolvency of the Issuer, shall have occurred and be continuing, either the
Trustee or the holders of not less than 25% in principal amount of all debt securities issued under the Indenture then outstanding
(treated as one class), by written notice, may declare the principal of all outstanding debt securities and interest accrued thereon
to be due and payable immediately, but upon certain conditions such declarations may be annulled and past defaults may be waived
(except a continuing default in payment of principal (or premium, if any) or interest on such debt securities) by the holders of
a majority in principal amount of the debt securities of all affected series then outstanding.

The Indenture permits the Issuer and
the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the debt securities of
all series issued under the Indenture then outstanding and affected (voting as one class), to execute supplemental indentures adding
any provisions to or changing in any manner the rights of the holders of each series so affected; provided that the Issuer
and the Trustee may not, without the consent of the holder of each outstanding debt security affected thereby, (a) extend the final
maturity of any such debt security, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of
interest thereon or other amounts due thereunder, or change the method in which amounts of payment of principal, interest or other
amounts due thereon are determined, or reduce any amount payable on redemption thereof, or reduce the amount of principal of an
Original

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Issue Discount Security (as defined in
the Indenture) that would be due and payable upon an acceleration of the maturity thereof or the amount thereof provable in bankruptcy,
or change the currency of payment thereof, or modify or amend the provisions for conversion of any currency into any other currency,
or modify or amend the provisions for conversion or exchange of the debt security for securities of the Issuer or other entities
(other than as provided in the antidilution provisions or other similar adjustment provisions of the debt securities or otherwise
in accordance with the terms thereof), or impair or affect the rights of any holder to institute suit for the payment thereof without
the consent of the holder of each debt security so affected or (b) reduce the aforesaid percentage in principal amount of debt
securities the consent of the holders of which is required for any such supplemental indenture.

So long as this Note shall be outstanding,
the Issuer will cause to be maintained an office or agency for the payment of the principal of and premium, if any, and interest
on this Note as herein provided in the Borough of Manhattan, the City of New York, and in London and an office or agency in said
Borough of Manhattan and in London for the registration, transfer and exchange as aforesaid of the Notes. The Issuer may designate
other agencies for the payment of said principal, premium and interest at such place or places (subject to applicable laws and
regulations) as the Issuer may decide. So long as there shall be such an agency, the Issuer shall keep the Trustee and the Paying
Agent advised of the names and locations of such agencies, if any are so designated.

With respect to moneys paid by the Issuer
and held by the Trustee or any Paying Agent for payment of the principal of or interest or premium, if any, on any Notes that remain
unclaimed at the end of two years after such principal, interest or premium shall have become due and payable (whether at maturity
or upon call for redemption or otherwise), (i) upon notification from the Issuer, the Trustee or such Paying Agent shall notify
the holders of such Notes that such moneys shall be repaid to the Issuer and any person claiming such moneys shall thereafter look
only to the Issuer for payment thereof and (ii) such moneys shall be so repaid to the Issuer. Upon such repayment all liability
of the Trustee or such Paying Agent with respect to such moneys shall thereupon cease, without, however, limiting in any way any
obligation that the Issuer may have to pay the principal of or interest or premium, if any, on this Note as the same shall become
due.

No provision of this Note or of the Indenture
shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of, premium, if any,
and interest on this Note at the time, place, and rate, and in the coin or currency, herein prescribed unless otherwise agreed
between the Issuer and the registered holder of this Note.

Prior to due presentment of this Note
for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the holder in whose
name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and none of the Issuer,
the Trustee or any such agent shall be affected by notice to the contrary.

No recourse shall be had for the payment
of the principal of, premium, if any, or the interest on this Note, for any claim based hereon, or otherwise in respect hereof,
or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, shareholder, officer
or director, as such, past, present or future, of the Issuer or of any successor

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corporation, either directly or through
the Issuer or any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of
any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for
the issue hereof, expressly waived and released.

This Note shall for all purposes be governed
by, and construed in accordance with, the laws of the State of New York.

All terms used in this Note that are
defined in the Indenture shall have the meanings assigned to them in the Indenture, and all terms used in this Note that are defined
in the Related Prospectus shall have the meanings assigned to them in the Related Prospectus. In the event of any inconsistency
between the definitions in the Indenture and the definitions in the Related Prospectus, the definitions in the Related Prospectus
shall govern.

 

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ABBREVIATIONS

The following abbreviations, when used
in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable
laws or regulations:

 

	TEN COM	–	as tenants in common
	TEN ENT	–	as tenants by the entireties
	JT TEN	–	as joint tenants with right of survivorship and not as tenants in common

 

	UNIF GIFT MIN ACT –	 	Custodian	 
	 	(Minor)	 	(Cust)

 

	Under Uniform Gifts to Minors Act	 
	 	(State)

 

Additional abbreviations may also be used though not in the
above list.

 

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FOR VALUE RECEIVED, the undersigned hereby
sell(s), assign(s) and transfer(s) unto

 

	 	 
	
        [PLEASE INSERT SOCIAL SECURITY OR OTHER

        IDENTIFYING NUMBER OF ASSIGNEE]

	 
	 
	 
	[PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE]

 

the within Note and all rights thereunder, hereby irrevocably
constituting and appointing such person attorney to transfer such note on the books of the Issuer, with full power of substitution
in the premises.

 

	Dated:	 	 

 

	NOTICE:	The signature to this assignment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever.

 

 

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APPENDIX AExhibit 4(p)(1)

JPMORGAN CHASE & CO.

CALCULATION AGENT AGREEMENT

CALCULATION AGENT
AGREEMENT dated as of November 7, 2014 between JPMorgan Chase & Co., a Delaware corporation (hereinafter called the “Issuer”),
having its principal office at 270 Park Avenue, New York, New York 10017-2070, and J.P. Morgan Securities LLC (hereinafter sometimes
called the “Calculation Agent,” which term shall, unless the context shall otherwise require, include its successors
and assigns), having its principal office at 383 Madison Avenue, New York, New York 10179.

WHEREAS, the
Issuer proposes to issue and sell from time to time its Global Medium-Term Notes, Series E (the “Notes”),
its Global Warrants, Series E (the “Warrants”) and its Global Units, Series E (the
“Units” and, together with the Notes and Warrants and any other securities that may be offered by
post-effective amendment to the Registration Statement referred to below, the “Program Securities”), which
Program Securities will be registered under the registration statement on Form S-3 to be filed as of the date hereof
(together with any other registration statement relating to the Program Securities, the “Registration
Statement”) with the Securities and Exchange Commission under the Securities Act of 1933. The Notes will
be issued, either alone or as part of a Unit, pursuant to the provisions of an indenture dated as of May 25, 2001, between
the Company and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee (the
“Trustee”) (as has been and as may be further supplemented or amended from time to time, the
“Indenture”).

NOW IT IS HEREBY AGREED THAT:

1.           
The Issuer hereby appoints J.P. Morgan Securities LLC, as Calculation Agent for the Notes, upon the terms and subject to
the conditions herein set forth, and J.P. Morgan Securities LLC hereby accepts such appointment. The Calculation Agent shall act
as an agent of the Issuer for the purpose of determining any payments to be made on the Notes.

2.           
The Issuer agrees to deliver to the Calculation Agent, prior to the issuance of any Program Securities, copies of the proposed
forms of such Program Securities. The Calculation Agent hereby acknowledges its acceptance of the forms of Notes attached hereto
as Exhibits A-1, A-2, A-3 and A-4.

3.           
The Issuer shall notify the Calculation Agent of the issuance of the Notes and, at the time of such issuance, shall deliver
to the Calculation Agent all information in the possession of the Issuer for the calculation of any payments thereunder. The Calculation
Agent shall calculate any payments due on the Notes in accordance with the terms of such Notes, the Indenture and the provisions
of this Agreement. In addition, the Calculation Agent shall maintain, or cause to be maintained, records permitting it to calculate
any amounts due (as set forth in the Notes).

4.           
Promptly following the determination of any amount due, the Calculation Agent will cause to be forwarded to the Issuer,
the Trustee and any paying agent for the Notes information regarding the amount due.

    	 

    	 

    

5.           
The Issuer will pay to the Calculation Agent such compensation as shall be agreed upon and the expenses, including reasonable
counsel fees, incurred by the Calculation Agent in connection with its duties hereunder upon receipt of such invoices as the Issuer
shall reasonably require.

6.           
Notwithstanding any satisfaction or discharge of the Notes or the Indenture, the Issuer will indemnify the Calculation
Agent against any losses, liabilities, costs, claims, actions or demands which it may incur or sustain or which may be made against
it in connection with its appointment or the exercise of its powers and duties hereunder as well as the reasonable costs, including
reasonable fees and expenses of counsel in defending any claim, action or demand, except such as may result from the negligence
or willful misconduct of the Calculation Agent or any of its employees. The Calculation Agent shall incur no liability and shall
be indemnified and held harmless by the Issuer for, or in respect of, any actions taken or suffered to be taken in good faith
by the Calculation Agent in reliance upon (i) the written opinion or advice of counsel or (ii) written instructions from the Issuer.

7.           
The Calculation Agent accepts its obligations herein set forth upon the terms and conditions hereof, including the following,
to all of which the Issuer agrees:

                                                                                 
(i)           
in acting under this Agreement and in connection with the Notes, the Calculation Agent, acting as agent for the Issuer,
does not assume any obligation towards, or any relationship of agency or trust for or with, any of the holders of the Notes;

                                                                               
(ii)           
unless herein otherwise specifically provided, any order, certificate, notice, request or communication from the Issuer
made or given under any provision of this Agreement shall be sufficient if signed or given by any person whom the Calculation Agent
reasonably believes to be a duly authorized officer or attorney-in-fact of the Issuer;

                                                                             
(iii)           
the Calculation Agent shall be obligated to perform only such duties as are expressly set forth herein and any duties necessarily
incidental thereto;

                                                                             
(iv)           
the Calculation Agent shall be protected and shall incur no liability for or in respect of any action taken or omitted to
be taken or anything suffered in good faith by it in reliance upon anything contained in the Notes, the Indenture or any information
supplied to it by the Issuer pursuant to this Agreement, including the information to be supplied pursuant to paragraph 3 above;

                                                                               
(v)           
the Calculation Agent, whether acting for itself or in any other capacity, may become the owner or pledgee of Notes with
the same rights as it would have had if it were not acting hereunder as Calculation Agent; and

                                                                             
(vi)           
the Calculation Agent shall incur no liability hereunder except for loss sustained by reason of its own negligence or willful
misconduct.

    	 

    	 

    

8.           
(a)           
Except as provided below, the Calculation Agent may at any time resign as Calculation Agent by giving written notice
to the Issuer and the Trustee of such intention on its part, specifying the date on which its desired resignation shall become
effective, provided that such notice shall be given not less than 60 days prior to the said effective date unless the Issuer
and the Trustee otherwise agree in writing; provided, however, if the Calculation Agent has given not less than 60 days’
prior notice of its desired resignation, and during such 60 days a successor Calculation Agent has not accepted its appointment
as successor Calculation Agent, the Calculation Agent so resigning may petition any court of competent jurisdiction for the appointment
of a successor Calculation Agent. The Issuer covenants that it shall appoint a successor Calculation Agent as soon as practicable
after receipt of any notice of resignation hereunder.

(b)           
Except
as provided below, the Calculation Agent may be removed by the filing with it and the Trustee of an instrument in writing signed
by the Issuer specifying such removal and the date it shall become effective (such effective date being at least 20 days after
said filing).

(c)           
Any such
resignation or removal pursuant to paragraph 8(a) or 8(b) above shall take effect upon:

		(i)	 	the appointment by the Issuer as provided herein of
a successor Calculation Agent; and

		(ii)	 	the acceptance of such appointment by such successor
Calculation Agent.

Upon its resignation
or removal becoming effective, the retiring Calculation Agent shall be entitled to the payment of its compensation and the reimbursement
of all expenses (including reasonable counsel fees) incurred by such retiring Calculation Agent pursuant to paragraph 5 hereof.

(d)           
If
at any time the Calculation Agent shall resign or be removed, or shall become incapable of acting or shall be adjudged bankrupt
or insolvent, or liquidated or dissolved, or an order is made or an effective resolution is passed to wind up the Calculation Agent,
or if the Calculation Agent shall file a voluntary petition in bankruptcy or make an assignment for the benefit of its creditors,
or shall consent to the appointment of a receiver, administrator or other similar official of all or any substantial part of its
property, or shall admit in writing its inability to pay or meet its debts as they mature, or if a receiver, administrator or other
similar official of the Calculation Agent or of all or any substantial part of its property shall be appointed, or if any order
of any court shall be entered approving any petition filed by or against the Calculation Agent under the provisions of any applicable
bankruptcy or insolvency law, or if any public officer shall take charge or control of the Calculation Agent or its property or
affairs for the purpose of rehabilitation, conservation or liquidation, then a successor Calculation Agent shall be appointed by
the Issuer by an instrument in writing filed with the successor Calculation Agent and the Trustee. Upon the appointment as aforesaid
of a successor Calculation Agent and acceptance by the latter of such appointment, the former Calculation Agent shall cease to
be Calculation Agent hereunder.

    	 

    	 

    

(e)           
Any
successor Calculation Agent appointed hereunder shall execute and deliver to its predecessor, the Issuer and the Trustee an instrument
accepting such appointment hereunder, and thereupon such successor Calculation Agent, without any further act, deed or conveyance,
shall become vested with all the authority, rights, powers, immunities, duties and obligations of such predecessor with like effect
as if originally named as the Calculation Agent hereunder, and such predecessor, upon payment of its compensation, charges and
disbursements then unpaid, shall thereupon become obliged to transfer and deliver, and such successor Calculation Agent shall be
entitled to receive, copies of any relevant records maintained by such predecessor Calculation Agent.

(f)           
Any
corporation or other entity into which the Calculation Agent may be merged or converted or any corporation or other entity with
which the Calculation Agent may be consolidated or any corporation resulting from any merger, conversion or consolidation to which
the Calculation Agent shall be a party shall, to the extent permitted by applicable law, be the successor Calculation Agent under
this Agreement without the execution or filing or any paper or any further act on the part of any of the parties hereto. Notice
of any such merger, conversion or consolidation shall forthwith be given to the Issuer and the Trustee.

(g)           
The
provision of paragraph 6 hereof shall survive any resignation or removal of the Calculation Agent hereunder.

9.           
Any notice required to be given hereunder shall be delivered in person, sent by letter or telex or telecopy or communicated
by telephone (subject, in the case of communication by telephone, to confirmation dispatched within two business days by letter,
telex or telecopy), in the case of the Issuer, to it at the address set forth in the heading of this Agreement, Attention: Corporate
Treasury; in the case of the Calculation Agent, to it at the address set forth in the heading of this Agreement, Attention: Structured
Investments, Distributor Marketing Desk; and in the case of the Trustee, to it at 60 Wall Street, MS NYC60-2515, New York, NY
10006, (201) 593-3533, Attention: Trust and Securities Services; or, in any case, to any other address of which the party receiving
notice shall have notified the party giving such notice in writing.

10.           
This Agreement may be amended only by a writing duly executed and delivered by each of the parties signing below.

11.           
The provisions of this Agreement shall be governed by, and construed in accordance with, the internal laws of the State
of New York.

This Agreement may
be executed in counterparts and the executed counterparts shall together constitute a single instrument.

    	 

    	 

    

IN WITNESS WHEREOF, this Agreement has
been executed and delivered as of the date and year first above written.

	 	JPMORGAN CHASE & CO.
	 	By:	/s/ Irene Apotovsky	 
	 	 	Name:Irene Apotovsky
	 	 	Title:Managing Director
	 	 	 
	 	 	 
	 	J.P. MORGAN SECURITIES LLC
	 	By:	/s/ Larry A. Wilson	 
	 	 	Name:Larry A. Wilson
	 	 	Title:Managing Director

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