New Issue: JPMorgan prices $1.35 million contingent return optimization notes on S&P 500

By Susanna Moon

Chicago, Sept. 30 – JPMorgan Chase & Co. priced $1.35 million of 0% contingent return optimization securities due Sept. 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 85% trigger level, the payout at maturity will be par of $10 plus the greater of the 6% contingent return and any index gain, up to a maximum return of 33%.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Contingent return optimization securities
Underlying index:	S&P 500
Amount:	$1,351,000
Maturity:	Sept. 30, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above trigger level, par plus any index gain, capped at 33% and floor of 6%; otherwise, full exposure to losses
Initial level:	1,965.99
Trigger level:	1,671.09, 85% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	None
Cusip:	481246338

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