New Issue: JPMorgan sells $5.02 million capped market plus notes tied to palladium

By Toni Weeks

San Diego, April 24 - JPMorgan Chase & Co. priced $5.02 million of 0% capped single observation market plus notes due May 2, 2013 linked to palladium, according to a 424B2 filing with the Securities and Exchange Commission.

If the final palladium price is at least 80% of the initial price, the payout at maturity will be par plus the greater of the 8.1% minimum return and the palladium return, subject to a maximum return of 17%.

If the final price is less than 80% of the initial palladium price, investors will be fully exposed to the decline from the initial price.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped single observation market plus notes
Underlying commodity:	Palladium
Amount:	$5,016,000
Maturity:	May 2, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If palladium price finishes at 80% or more of initial price, par plus greater of 8.1% minimum return and palladium return, subject to a maximum return of 17%; otherwise, full exposure to decline from the initial price
Initial price:	$666.00
Pricing date:	April 20
Settlement date:	April 25
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125VUJ7

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