New Issue: JPMorgan prices $5.86 million PLUS linked to commodities basket

By Angela McDaniels

Tacoma, Wash., Jan. 28 - JPMorgan Chase & Co. priced $5.86 million of 0% Performance Leveraged Upside Securities due Feb. 27, 2015 linked to a basket of equally weighted commodities, according to an FWP filing with the Securities and Exchange Commission.

The underlying commodities are gold, platinum, palladium, soybeans and WTI crude oil.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 200% of the basket return, subject to a maximum return of 23.7%. If the final basket level is less than the initial basket level, investors will have 1-to-1 exposure to the decline.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

Issuer:	JPMorgan Chase & Co.
Issue:	Performance Leveraged Upside Securities
Underlying commodities:	Gold, platinum, palladium, soybeans and WTI crude oil, equally weighted
Amount:	$5,855,00
Maturity:	Feb. 27, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than initial basket level, par plus 200% of basket return, subject to 23.7% maximum return; if final basket level is less than initial basket level, 1-to-1 exposure to decline
Initial prices:	$1,267 for gold, $1,443 for platinum, $745 for palladium, 1,284.75 cents for soybeans and $96.64 for oil
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2%
Cusip:	48126NTR8

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