New Issue: JPMorgan prices $2.32 million 0% capped buffered return enhanced notes on S&P 500

By Marisa Wong

Madison, Wis., April 18 - JPMorgan Chase & Co. priced $2.32 million of 0% capped buffered return enhanced notes due May 23, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, subject to a maximum return of 11%.

Investors will receive par if the index declines by up to 5% and will lose 1% for every 1% decline beyond 5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$2,317,000
Maturity:	May 23, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain in the index, subject to maximum return of 11%; par if index declines by up to 5%; exposure to losses beyond 5%
Initial level:	1,574.57
Pricing date:	April 16
Settlement date:	April 23
Agent:	JPMorgan Securities LLC
Fees:	0.85%, including 0.1% for selling concessions
Cusip:	48126DZ28

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