New Issue: JPMorgan prices $3.4 million capped buffered return enhanced notes on Russell 2000

By Marisa Wong

Madison, Wis., April 1 - JPMorgan Chase & Co. priced $3.4 million of 0% capped buffered return enhanced notes due April 1, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 18%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying index:	Russell 2000
Amount:	$3.4 million
Maturity:	April 1, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times index return if index return is positive, subject to 18% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:	949.82
Pricing date:	March 26
Settlement date:	April 1
Agent:	J.P. Morgan Securities LLC
Fees:	2.23%, including 1.32% for selling concessions
Cusip:	48126DF87

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