New Issue: JPMorgan prices $7.02 million buffered optimization notes to S&P 500

By E. Janene Geiss

Philadelphia, Dec. 29 - JPMorgan Chase & Co. priced $7.02 million of 0% buffered return optimization securities due Dec. 31, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum gain of 21.4%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

J.P. Morgan Securities LLC is the underwriter, and UBS Financial Services Inc. is the placement agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return optimization securities
Underlying index:	S&P 500
Amount:	$7,024,020
Maturity:	Dec. 31, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 21.4%; par for losses of 10% or less; exposure to losses beyond 10%
Initial index level:	1,265.43
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Underwriters:	J.P. Morgan Securities LLC, UBS Financial Services Inc. (placement agent)
Fees:	2%
Cusip:	48126B830

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