New Issue: JPMorgan prices $2.71 million buffered autocallable optimization securities on S&P 500

By Jennifer Chiou

New York, Aug. 28 - JPMorgan Chase & Co. priced $2,713,030 of 0% buffered autocallable optimization securities due Sept. 2, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call return of 6.25% if the index closes at or above the initial index level on Feb. 26, 2014, May 27, 2014 or Aug. 27, 2014.

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 underwriters.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered autocallable optimization securities
Underlying index:	S&P 500
Amount:	$2,713,030
Maturity:	Sept. 2, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level closes at or above 95% of the initial level, par; otherwise, 1% loss for every 1% decline beyond 5%
Initial level:	1,656.78
Buffer level:	95% of initial price
Call:	At par plus 6.25% per year if index closes at or above initial level on quarterly observation date beginning on Feb. 26, 2014
Pricing date:	Aug. 26
Settlement date:	Aug. 29
Underwriters:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48126H514

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