New Issue: JPMorgan prices $527,000 8.25% autocallable yield notes on Russell, U.S. Oil Fund

By Susanna Moon

Chicago, March 5 - JPMorgan Chase & Co. priced $527,000 of 8.25% autocallable yield notes due March 6, 2013 linked to the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if both components close at or above their initial levels on any of three call dates.

A trigger event will occur if either component falls by more than 35% during the life of the notes.

The payout at maturity will be par unless either component finishes below its initial level and ever dips below the 65% trigger level, in which case investors will lose 1% for every 1% decline of the worst-performing component.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying components:	Russell 2000 index and the United States Oil Fund, LP
Amount:	$527,000
Maturity:	March 6, 2013
Coupon:	8.25%, payable monthly
Price:	Par
Payout at maturity:	If either component finishes below its initial level and ever dips below trigger, exposure to losses of worst-performing index; otherwise, par
Call:	At par if both components close at or above their initial levels on June 1, Sept. 4 or Dec. 3, 2012
Initial index levels:	815.22 for Russell, $41.75 for oil fund
Buffer amounts:	285.327 for Russell, $14.6125 for oil fund; 35% of initial levels
Pricing date:	March 1
Settlement date:	March 6
Agent:	J.P. Morgan Securities LLC
Fees:	3.7%, including 1.7% for selling concessions
Cusip:	48125VPF1

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