New Issue: JPMorgan prices $2.2 million of review notes linked to S&P 500 index

By Susanna Moon

Chicago, Nov. 23 - JPMorgan Chase & Co. priced $2.2 million of 0% review notes due March 15, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized 18% premium if the index closes at or above the strike level - 85% of the initial level - on any of three review dates.

If the notes are not called, investors will be exposed to any decline beyond the 15% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying index:	S&P 500
Amount:	$2.2 million
Maturity:	Nov. 26, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 15%, in which case investors will be exposed to losses beyond 15%
Call:	At par plus annualized call premium of 18% if index closes at or above strike level on Nov. 21, 2012, May 21, 2013 and Nov. 21, 2013
Strike level:	1,188, 85% of initial level
Pricing date:	Nov. 21
Settlement date:	Nov. 25
Agent:	J.P. Morgan Securities LLC
Fees:	1.382%
Cusip:	48125VDP2

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