New Issue: JPMorgan prices $3.97 million buffered autocallables linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 28 - JPMorgan Chase & Co. priced $3.97 million of 0% buffered autocallable optimization securities due June 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial index level on any quarterly observation date, the notes will be called at par of $10 plus an annualized call return of 7.1%. The first observation date is Dec. 26, 2013.

If the notes are not called and the final index level is at least 95% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the index declines beyond 5%.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered autocallable optimization securities
Underlying index:	S&P 500
Amount:	$3,967,520
Maturity:	June 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 95% of initial level, par; otherwise, 1% loss for every 1% decline beyond 5%
Call:	Automatically at par plus 7.1% per year if index closes at or above initial level on quarterly observation date beginning Dec. 26, 2013
Initial index level:	1,603.26
Pricing date:	June 26
Settlement date:	June 28
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48126H829

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