New Issue: JPMorgan prices $4 million 5% autocallable yield notes linked to S&P 500, Russell

By Toni Weeks

San Diego, Sept. 28 - JPMorgan Chase & Co. priced $4 million of 5% single observation autocallable yield notes due Oct. 1, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called automatically at par plus accrued interest if the indexes close above their initial levels on Dec. 21, March 26, 2013 or June 26, 2013.

If the notes are not called, the payout at maturity will be par unless either index falls below 65% of its strike level on the Sept. 26, 2013 observation date, in which case investors will lose 1% for every 1% decline beyond the strike level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Single observation autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$4 million
Maturity:	Oct. 1, 2013
Coupon:	5%, payable quarterly
Price:	Par
Payout at maturity:	Par, unless either index falls below 65% of its strike level on Sept. 26, 2013, in which case 1% loss for every 1% decline beyond strike level
Call:	At par if both underlying indexes close at or above initial levels on Dec. 21, March 26, 2013 or June 26, 2013
Strike levels:	1,435.00 for S&P 500, 835.00 for Russell
Buffer amount:	502.25 for S&P 500, 292.25 for Russell, 35% of strike levels
Pricing date:	Sept. 26
Settlement date:	Oct. 1
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48126DAP4

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