New Issue: JPMorgan sells $414,000 0% buffered return enhanced notes tied to iShares Brazil fund

By Toni Weeks

San Diego, July 28 - JPMorgan Chase & Co. priced $414,000 of 0% buffered return enhanced notes due Jan. 31, 2013 linked to the iShares Brazil Index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of 23%.

Investors will receive par if the fund declines by up to 10% and will lose 1% for every 1% decline beyond 10%.

J.P. Morgan Securities LLC will be the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced notes
Underlying fund:	iShares Brazil Index fund
Amount:	$414,000
Maturity:	Jan. 31, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, up to a maximum return of 23%; par if fund declines by up to 10%; exposure to losses beyond 10%
Initial price:	$71.75
Pricing date:	July 26
Settlement date:	July 29
Agent:	JPMorgan Securities LLC
Fees:	1.97%, including 0.25% for selling concessions
Cusip:	48125XXJ0

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