New Issue: JPMorgan prices $8.04 million capped buffered return notes linked to SPDR Gold trust

By Susanna Moon

Chicago, Jan. 22 - JPMorgan Chase & Co. priced $8.04 million of 0% capped buffered return enhanced notes due Jan. 22, 2016 linked to the SPDR Gold trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 10.9%.

Investors will receive par if the shares fall by up to 5% and will lose 1% for every 1% decline beyond 5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying fund:	SPDR Gold trust
Amount:	$8,039,000
Maturity:	Jan. 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any gain in the fund, capped at 10.9%; par if shares decline by up to 5%; 1% loss for every 1% decline beyond 5%
Initial level:	$120.93
Pricing date:	Jan. 17
Settlement date:	Jan. 23
Agent:	J.P. Morgan Securities LLC
Fees:	0.224%
Cusip:	48126NX51

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