New Issue: JPMorgan prices $3.3 million buffered return enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 16 - JPMorgan Chase & Co. priced $3.3 million of 0% buffered return enhanced notes due Aug. 29, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 14%. Investors will receive par if the index falls by 10% or less and will lose 1.11111% for every 1% that it declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$3.3 million
Maturity:	Aug. 29, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 14%; par if index declines by 10% or less; 1.11111% loss for every 1% decline beyond 10%
Initial index level:	1,178.81
Final index level:	Average of index's closing levels on the five trading days ending Aug. 24, 2012
Pricing date:	Aug. 12
Settlement date:	Aug. 17
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125XM86

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