New Issue: JPMorgan prices $22.16 million single observation capped market plus notes on gold

By Jennifer Chiou

New York, Oct. 18 - JPMorgan Chase & Co. priced $22.16 million of 0% single observation capped market plus notes due Oct. 29, 2012 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of gold finishes below 75% of the strike value on the Oct. 24, 2012 observation date, the payout at maturity will be par plus the gold return. Otherwise, the payout will be par plus the greater of the gold return and zero, subject to a maximum return of 25.75% in either case.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Single observation capped market plus notes
Underlying commodity:	Gold
Amount:	$22,155,000
Maturity:	Oct. 29, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If price of gold finishes below 75% of strike value on Oct. 24, 2012, par plus gold return; otherwise par plus greater of gold return and zero; return capped at 25.75%
Strike value:	$1,678.00
Pricing date:	Oct. 14
Settlement date:	Oct. 19
Agents:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125VBT6

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