New Issue: JPMorgan prices $3.33 million trigger autocallables on Freeport-McMoRan

By Jennifer Chiou

New York, Aug. 12 – JPMorgan Chase & Co. priced $3,331,100 of 0% trigger autocallable optimization securities due Aug. 14, 2019 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Freeport-McMoRan stock closes at or above the initial share price on any of the quarterly observation dates beginning on Aug. 14, 2015, the notes will be called at par of $10 plus an annualized call return of 9%.

The payout at maturity will be par if Freeport-McMoRan stock finishes at or above 47% of the initial share price. Otherwise, investors will be exposed to any share price decline.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger autocallable optimization securities
Underlying stock:	Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Amount:	$3,331,100
Maturity:	Aug. 14, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if Freeport-McMoRan stock finishes at or above $17.15, which is 47% of initial price; otherwise, exposure to losses
Initial price:	$36.49
Trigger price:	$17.15, 47% of initial
Call option:	Par plus 9% per year if Freeport-McMoRan stock closes at or above the initial share price on any of the quarterly observation dates beginning on Aug. 14, 2015
Pricing date:	Aug. 8
Settlement date:	Aug. 13
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48127H802

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