New Issue: JPMorgan prices $4 million capped contingent buffered equity notes linked to Whole Foods

By Toni Weeks

San Luis Obispo, Calif., July 21 – JPMorgan Chase & Co. priced $4 million of 0% capped contingent buffered equity notes due Aug. 5, 2015 linked to the common stock of Whole Foods Market, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is at least 81.9% of the initial price, the payout at maturity will be par plus the greater of the 1.25% contingent minimum return and the stock return, subject to a maximum return of 20%. If the final share price is less than the initial price by more than 18.1%, investors will be fully exposed to the decline in the stock price from the initial share price.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped contingent buffered equity notes
Underlying stock:	Whole Foods Market, Inc. (Symbol: WFM)
Amount:	$4 million
Maturity:	Aug. 5, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is at least 81.9% of initial price, par plus greater of 1.25% and stock return, with maximum return of 20%; if final price is less than 81.9% of initial price, full exposure to losses from initial share price
Initial share price:	$36.76
Pricing date:	July 17
Settlement date:	July 22
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48127DTM0

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