New Issue: JPMorgan prices $4.15 million capped single observation knock-out notes on iShares MSCI EM

By Marisa Wong

Milwaukee, April 19 - JPMorgan Chase & Co. priced $4.15 million of 0% capped index fund single observation knock-out notes due April 18, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price of the exchange-traded fund is at least 80% of the initial share price, the payout at maturity will be par plus the fund return, subject to a minimum return of 15.5% and a maximum return of 90%. Otherwise, the payout will be par plus the fund return.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped index fund single observation knock-out notes
Underlying index fund:	iShares MSCI Emerging Markets
Amount:	$4.15 million
Maturity:	April 18, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is at least 80% of initial share price, par plus fund return with floor of 15.5% and cap of 90%; otherwise, par plus fund return
Initial share price:	$43.73
Pricing date:	April 15
Settlement date:	April 20
Agent:	J.P. Morgan Securities Inc.
Fees:	1.5%
Cusip:	48124AMK0

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