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Published on 7/30/2012 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $95,000 annual income notes tied to ETF Efficiente 5

By Marisa Wong

Madison, Wis., July 30 - JPMorgan Chase & Co. priced $95,000 of annual income notes contingent on the performance of the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.

The maturity date is July 31, 2018.

Interest is payable annually at a rate equal to the index return multiplied by the index factor, subject to a minimum rate of 0.25%.

The index factor is one divided by the number of interest determination dates that have occurred to date including the current interest determination date. The interest determination dates are July 26, 2013, July 28, 2014, July 28, 2015, July 26, 2016, July 26, 2017 and July 26, 2018.

The payout at maturity will be par plus the last coupon payment.

The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index less a fee of 0.5% per year that accrues daily.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Annual income notes
Underlying index:JPMorgan ETF Efficiente 5
Amount:$95,000
Maturity:July 31, 2018
Coupon:Rate equal to index return multiplied by index factor, subject to minimum rate of 0.25%; index factor equals one divided by number of interest determination dates that have occurred to date including current interest determination date
Price:Par
Payout at maturity:Par plus last coupon payment
Initial index level:115.87
Pricing date:July 26
Settlement date:July 31
Agent:J.P. Morgan Securities LLC
Fees:4.89%, including 3.276% for selling concessions
Cusip:48125VP79

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