New Issue: JPMorgan prices $361,000 10% callable yield notes linked to Russell, Gold Miners

By Susanna Moon

Chicago, Aug. 30 - JPMorgan Chase & Co. priced $361,000 of 10% callable yield notes due Aug. 31, 2012 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either underlying component falls by more than 40% during the life of the notes and either finishes below its initial level, in which case investors will receive par plus the return of the worst-performing underlying component.

The notes are callable at par on Nov. 30, Feb. 29, 2012 and May 31, 2012.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable yield notes
Underlying components:	Russell 2000 index and Market Vectors Gold Miners exchange-traded fund
Amount:	$361,000
Maturity:	Aug. 31, 2012
Coupon:	10%, payable monthly
Price:	Par
Payout at maturity:	Par unless either underlying component falls by more than its protection amount and either finishes below initial level, in which case par plus return of worst-performing underlying component
Call option:	At par on Nov. 30, Feb. 29, 2012 and May 31, 2012
Initial levels:	691.79 or Russell and $62.48 for gold fund
Protection amounts:	276.716 for Russell and $24.992 for gold fund; 40% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	J.P. Morgan Securities LLC
Fees:	5%
Cusip:	48125XD94

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