New Issue: JPMorgan prices $3.56 million autocallables linked to Vanguard FTSE Emerging Markets ETF

By Angela McDaniels

Tacoma, Wash., Dec. 6 - JPMorgan Chase & Co. priced $3.56 million of 0% autocallable notes due Dec. 9, 2016 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 10.25% per year if the ETF's shares close at or above the initial share price on any of three annual call dates.

If the notes have not been called, the payout at maturity will be par unless the final share price is less than the barrier level, in which case investors will lose 1% for every 1% that the final share price is below the initial share price. The barrier level is 75% of the initial share price.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable notes
Underlying ETF:	Vanguard FTSE Emerging Markets exchange-traded fund
Amount:	$3,555,000
Maturity:	Dec. 9, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless final share price is less than barrier level, in which case 1% loss for every 1% that final share price is below initial share price
Call:	Automatically at par plus 10.25% per year if ETF's shares close at or above initial share price on Dec. 11, 2014, Dec. 4, 2015 or Dec. 6, 2016
Initial share price:	$40.56
Barrier level:	$30.42, or 75% of initial share price
Pricing date:	Dec. 4
Settlement date:	Dec. 9
Agent:	J.P. Morgan Securities LLC
Fees:	2.75%
Cusip:	48126NK71

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