New Issue: JPMorgan prices $2.57 million single observation knock-out notes linked to Euro Stoxx 50

By Toni Weeks

San Diego, Dec. 11 - JPMorgan Chase & Co. priced $2.57 million of 0% single observation index knock-out notes due June 11, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index falls by more than 20% from the initial level on the June 6, 2014 observation date.

If a knock-out event does not occur, the payout at maturity is par plus the index return, subject to a contingent minimum return of 8.55%.

If a knock-out event occurs, the payout at maturity is par plus the index return. Investors will be fully exposed to losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Single observation index knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$2,567,000
Maturity:	June 11, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 20% from initial level on June 6, 2014, full exposure to losses; if knock-out event does not occur, par plus index return, with floor of 8.55%
Initial level:	2,601.37
Knock-out buffer:	20% of initial level
Pricing date:	Dec. 7
Settlement date:	Dec. 12
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	48126DNN5

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