New Issue: JPMorgan prices $7.87 million buffered autocallables linked to iShares Russell 2000

By Angela McDaniels

Tacoma, Wash., March 28 - JPMorgan Chase & Co. priced $7.87 million of 0% buffered autocallable optimization securities due Sept. 30, 2014 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF closes at or above its initial share price on any quarterly observation date, the notes will be called at par of $10 plus an annualized call return of 8.44%. The first observation date will occur on Sept. 24, 2013.

If the notes are not called and the ETF falls by up to 5%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the ETF declines beyond 5%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered autocallable optimization securities
Underlying ETF:	iShares Russell 2000 index fund
Amount:	$7.87 million
Maturity:	Sept. 30, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par unless ETF declines by more than 5%, in which case 1% loss for every 1% decline beyond 5%
Call:	Automatically at par plus 8.44% per year if ETF closes at or above initial share price on Sept. 24, 2013, Dec. 24, 2013, March 24, 2014, June 24, 2014 or Sept. 24, 2014
Initial share price:	$94.25
Pricing date:	March 26
Settlement date:	March 28
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48126E149

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