New Issue: JPMorgan prices $769,000 7% upside autocallable reverse exchangeables linked to Facebook

By Jennifer Chiou

New York, Oct. 14 – JPMorgan Chase & Co. priced $769,000 of 7% upside autocallable reverse exchangeable notes due Oct. 16, 2015 linked to the 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 April 10 or July 10, 2015.

If the notes are not called, the payout at maturity will be par unless the final share price is less than the buffer level, 65% of the initial share 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, a cash amount equal to the value of those shares.

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:	$769,000
Maturity:	Oct. 16, 2015
Coupon:	7%, payable monthly
Price:	Par
Payout at maturity:	Par unless final share price is less than initial share price by more than buffer amount, in which case 13.7155 Facebook shares or, at issuer’s option, amount in cash equal to value of those shares
Call:	Automatically at par if Facebook stock closes at or above initial share price on April 10 or July 10, 2015
Initial share price:	$72.91
Buffer amount:	$25.5185, 35% of initial share price
Pricing date:	Oct. 10
Settlement date:	Oct. 16
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48127DK23

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