New Issue: JPMorgan prices $22.77 million one-year review notes tied to S&P 500

By Toni Weeks

San Diego, Feb. 7 - JPMorgan Chase & Co. priced $22.77 million of 0% review notes due Feb. 21, 2013 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 a 12.6% per year call premium if the index closes at or above the initial index level on any of the quarterly review dates.

If the notes are not called, the payout at maturity will be par if the final index level is at least 90% of the initial level. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying index:	S&P 500
Amount:	$22,767,000
Maturity:	Feb. 21, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par, if final index is at least 90% of initial level; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial level:	1,344.9
Call:	At par plus 12.6% per year if index closes at or above initial level on May 15, Aug. 15, 2012, Nov. 15, 2012 or Feb. 15, 2013
Pricing date:	Feb. 3
Settlement date:	Feb. 8
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125VLP3

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