New Issue: JPMorgan prices $2.15 million market plus notes linked to WTI crude oil

By Angela McDaniels

Tacoma, Wash., Sept. 6 - JPMorgan Chase & Co. priced $2.15 million of 0% market plus notes due Sept. 16, 2014 linked to WTI crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of oil is at least 75% of the initial price, the payout at maturity will be par plus the greater of the oil return and 7.6%. Otherwise, investors will lose 1% for every 1% that the final price is less than the initial price.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Market plus notes
Underlying commodity:	West Texas Intermediate light sweet crude oil
Amount:	$2,145,000
Maturity:	Sept. 16, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of oil is at least 75% of initial price, par plus greater of oil return and 7.6%; if price is less than 75% of initial price, 1% loss for every 1% that final price is less than initial price.
Initial oil price:	$107.23
Pricing date:	Sept. 4
Settlement date:	Sept. 9
Agents:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48126D6X2

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