New Issue: JPMorgan prices $3 million contingent coupon callable yield notes tied to indexes

By Susanna Moon

Chicago, Dec. 20 - JPMorgan Chase & Co. priced $3 million of contingent coupon callable yield notes due June 23, 2014 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay an annualized coupon of 8% for each quarter that each index closes at or above the 65% barrier level for that quarter.

The notes are callable at par plus the contingent coupon on any quarterly valuation date.

If the notes are not called, the payout at maturity will be par unless any index finishes below the 65% trigger level, in which case the payout will be par plus the return of the least performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Contingent coupon callable yield notes
Underlying indexes:	S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index
Amount:	$3 million
Maturity:	June 23, 2014
Coupon:	8% annualized, payable quarterly, if each index closes at or above barrier level for that quarter
Price:	Par
Payout at maturity:	Par unless any index falls below trigger, in which case par plus return of least performing index
Call option:	At par plus contingent coupon on any quarterly date
Knock-in level:	940.4135 for S&P, 550.9985 for Russell and 1,718.275 for Euro Stoxx, 65% of initial share price
Pricing date:	Dec. 18
Settlement date:	Dec. 21
Agent:	J.P. Morgan Securities LLC
Fees:	1.82%, including 1% for selling concessions
Cusip:	48126DQA0

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