New Issue: JPMorgan Chase & Co. prices $1 million capped market plus notes linked to Brent crude

By Toni Weeks

San Diego, May 14 - JPMorgan Chase & Co. priced $1 million of 0% capped market plus notes due Nov. 15, 2012 linked to a Brent crude futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

If the ending price is at least 85% of the initial price, the payout at maturity will be par plus the greater of the 7.2% contingent minimum return and the contract return, subject to a maximum return of 8%. Otherwise, investors will be fully exposed to losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped market plus notes
Underlying commodity:	Brent crude futures contract
Amount:	$1 million
Maturity:	Nov. 15, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If ending price is at least 85% of the initial price, the payout at maturity will be par plus the greater of the 7.2% contingent minimum return and the contract return, subject to a maximum return of 8%; otherwise full exposure to losses
Initial price:	$112.73
Pricing date:	May 10
Settlement date:	May 15
Agents:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48125VUQ1

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