New Issue: JPMorgan sells $3.69 million capped buffered enhanced notes on S&P 500

By Marisa Wong

Madison, Wis., Sept. 26 - JPMorgan Chase & Co. priced $3.69 million of 0% capped buffered return enhanced notes due Nov. 3, 2014 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 1.5 times any gain in the index, subject to a maximum return of 12.45%.

Investors will receive par if the index declines by up to 5% and will lose 1% for every 1% decline beyond 5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$3,694,000
Maturity:	Nov. 3, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain in the index, subject to maximum return of 12.45%; par if index declines by up to 5%; exposure to losses beyond 5%
Initial level:	1,697.42
Pricing date:	Sept. 24
Settlement date:	Oct. 1
Agent:	J.P. Morgan Securities LLC
Fees:	0.1%, all for selling concessions
Cusip:	48126NVF1

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