New Issue: JPMorgan prices $6.25 million review notes on S&P 500, Russell 2000

By Jennifer Chiou

New York, Dec. 8 – JPMorgan Chase & Co. priced $6.25 million of 0% review notes due June 9, 2016 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 9.1% per year if each index closes at or above its initial level on any of three semiannual review dates beginning on June 4, 2015.

If the notes are not called and the final level of each index falls by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% 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:	$6.25 million
Maturity:	June 9, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index falls by up to 20%, par; otherwise, 1.25% loss for each 1% that lesser-performing index's final level is less than initial level
Call:	Automatically at par plus 9.1% per year if each index closes at or above initial level on any of three semiannual review dates beginning on June 4, 2015
Initial index levels:	2,071.92 for S&P 500 and 1,173.006 for Russell 2000
Pricing date:	Dec. 4
Settlement date:	Dec. 9
Agent:	J.P. Morgan Securities LLC
Fees:	0.24%
Cusip:	48127D2P2

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