JSP-to expand a bit on Bob Foote's post
Like the others have said, JSP stands for jacketed soft point. The JSP was pretty much an early attempt to create a bullet that would offer controlled expansion at typical handgun velocity. Since it worked umpteen times better than the typical hollow points of the day, a lot of people used them. That really doesn't say a whole lot for either of them,,,the HP or the JSP,,since neither worked particularly well. Early HP's would either cave in on themselves, or if jacketed, the jacket was so tough it wouldn't allow the bullet to mushroom.(Everybody takes for granted that today you can pick up a box of X-brand JHP ammo that works like it's supposed to 90% of the time...it wasn't always that way. What you see today, is pretty much the result of 50 some years,,or more if you consider the original dum-dum, of trying to get it right.) Today, the JHP has reached a level where it can offer reliable controlled expansion, which makes it a better choice all around. Nothing wrong with a JSP that works like it supposed to. Matter of fact, the terminal performance is above what a JHP can hope to deliver since it retaines more of it's original weight. The problem is that they seldom work like their supposed to, especially in smaller calibers like the .357 Mag.
RE: High Velocity--prolly just a marketing term. AFAIC, a .357Mag of any flavor ('cept maybe the Cowboy loading) is high velocity by it's very nature.