New Issue: JPMorgan prices $5.69 million 6% autocallable yield notes linked to S&P 500, Russell

By Jennifer Chiou

New York, Oct. 31 - JPMorgan Chase & Co. priced $5,688,000 of 6% autocallable yield notes due Oct. 31, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called automatically at par plus accrued interest if the indexes close above their initial levels on Jan. 28, 2013, April 25, 2013 or July 26, 2013.

If the notes are not called, the payout at maturity will be par unless either index falls below 70% of its strike level during the life of the notes, in which case investors will lose 1% for every 1% decline beyond the strike level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$5,688,000
Maturity:	Oct. 31, 2013
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index falls below 65% of its strike level during the life of the notes, in which case 1% loss for every 1% decline beyond strike level
Call:	At par if both underlying indexes close at or above initial levels on Jan. 28, 2013, April 25, 2013 or July 26, 2013
Strike levels:	1,411.94 for S&P 500, 813.25 for Russell
Buffer amount:	423.582 for S&P 500, 243.975 for Russell, 30% of strike levels
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	J.P. Morgan Securities LLC
Fees:	2.75%
Cusip:	48126DAX7

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