New Issue: JPMorgan prices $20,000 review notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., May 29 - JPMorgan Chase & Co. priced $20,000 of 0% review notes due May 31, 2017 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 10% per year if each index closes at or above its initial level on May 26, 2015, May 25, 2016 or May 25, 2017.

If the notes are not called and the final level of each index is less than its initial level by up to 30%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing index's final level is less than its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$20,000
Maturity:	May 31, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is less than initial level by up to 30%, par; otherwise, 1% loss for each 1% that lesser-performing index's final level is less than its initial level
Call:	At par plus premium of 10% per year if each index closes at or above initial level on May 26, 2015, May 25, 2016 or May 25, 2017.
Initial index levels:	1,911.91 for S&P 500 and 1,142.201 for Russell 2000
Pricing date:	May 27
Settlement date:	May 30
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48127DGT9

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