New Issue: JPMorgan prices $13.95 million buffered return enhanced notes linked to S&P 500

New York, Oct. 27 - JPMorgan Chase & Co. priced $13.954 million of 0% buffered return enhanced notes due Nov. 5, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 14%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

JPMorgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying stock:	S&P 500
Amount:	$13.954 million
Maturity:	Nov. 5, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 14%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Pricing date:	Oct. 25
Settlement date:	Oct. 28
Agent:	JPMorgan Securities Inc.
Fees:	1%, including 0.103% for selling concessions
Cusip:	48125VAF7

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