New Issue: JPMorgan sells $5.01 million autocallable yield notes on S&P, Russell

By Marisa Wong

Madison, Wis., April 29 - JPMorgan Chase & Co. priced $5.01 million of 6% autocallable yield notes due July 31, 2014 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 monthly.

The notes will be called at par plus accrued interest if both indexes close at or above their initial levels on any quarterly call date.

A trigger event will occur if either index falls below the 70% trigger level on any trading day during the life of the notes.

The payout at maturity will be par unless a trigger event occurs and the return of the least-performing component is negative, in which case investors will share in any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 index and the Russell 2000 index
Amount:	$5,005,000
Maturity:	July 31, 2014
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index ever closes below 70% trigger level and worst-performing component finishes below initial level, in which case full exposure to losses
Call:	At par if both underlying indexes close at or above initial levels on July 26, Oct. 28, Jan. 28, 2014 or April 25, 2014
Initial levels:	1,585.16 for S&P, 940.2 for Russell
Buffer amounts:	475.548 for S&P, 282.084 for Russell; 30% of initial levels
Pricing date:	April 25
Settlement date:	April 30
Agent:	J.P. Morgan Securities LLC
Fees:	1.55%
Cusip:	48126DH69

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