New Issue: JPMorgan prices $9.96 million buffered enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 7 - JPMorgan Chase & Co. priced $9.96 million of 0% capped buffered enhanced participation equity notes due Nov. 12, 2015 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 1.2 times any gain in the index, subject to a maximum payout of $1,199.20 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$9,959,000
Maturity:	Nov. 12, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any gain in the index, up to 19.92% maximum return; par if index declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial index level:	1,831.37
Pricing date:	Jan. 3
Settlement date:	Jan. 10
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48126NT72

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