New Issue: JPMorgan prices $305,000 9% autocallable reverse exchangeables linked to Facebook

By Susanna Moon

Chicago, Oct. 9 – JPMorgan Chase & Co. priced $305,000 of 9% upside autocallable reverse exchangeable notes due Oct. 13, 2015 linked to class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if Facebook stock closes at or above the initial share price on either call date.

If the notes are not called, the payout at maturity will be par unless Facebook stock closes below the buffer level, 75% of the initial share price, during the life of the notes and finishes below the initial price, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Upside autocallable reverse exchangeable notes
Underlying stock:	Facebook, Inc. (Symbol: FB)
Amount:	$305,000
Maturity:	Oct. 13, 2015
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par unless Facebook stock declines by more than buffer amount during life of notes and finishes below initial price, in which case 13.1079 Facebook shares
Call:	At par if Facebook stock closes at or above initial share price on April 7, 2015 or July 7, 2015
Initial share price:	$76.29
Buffer amount:	$19.0725, 25% of initial share price
Pricing date:	Oct. 7
Settlement date:	Oct. 10
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48127DD88

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