New Issue: JPMorgan prices $2.41 million return optimization notes linked to gold

By Toni Weeks

San Diego, Oct. 18 - JPMorgan Chase & Co. priced $2.41 million of 0% return optimization securities due April 19, 2013 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

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

The payout at maturity will be par of $10 plus double any gain in the price of gold, up to a maximum return of 32%.

Investors will be fully exposed to losses if the price of gold drops.

Issuer:	JPMorgan Chase & Co.
Issue:	Return optimization securities
Underlying commodity:	Gold
Amount:	$2,412,500
Maturity:	April 19, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any gain in price of gold, up to maximum return of 32%; full exposure to losses
Initial price:	$1,678 per troy ounce
Pricing date:	Oct. 14
Settlement date:	Oct. 19
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2%
Cusip:	46636T465

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