New Issue: JPMorgan prices $13.12 million capped autocallable notes on MSCI Europe

By Marisa Wong

Madison, Wis., March 18 - JPMorgan Chase & Co. priced $13.12 million of 0% capped autocallable return enhanced notes due April 1, 2015 linked to the MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the call level - 104.5% of the initial index level - on any of three call dates, the notes will be called at par plus a call premium of 8.55%.

If the notes are not called and the index finishes above the initial level, the payout at maturity will be par plus 1.9 times the index gain, subject to a maximum return of 8.55%. Investors will be fully exposed to any index decline.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped autocallable return enhanced notes
Underlying index:	MSCI Europe index
Amount:	$13,119,000
Maturity:	April 1, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 1.9 times index gain, subject to a maximum return of 8.55%; investors will be fully exposed to any index decline
Call:	At par plus 8.55% if index closes at or above 104.5% of initial level on any of June 26, Sept. 25, 2014 or Dec. 26, 2014
Initial index level:	109.65
Pricing date:	March 14
Settlement date:	March 19
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48127DBR8

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