New Issue: JPMorgan prices $3.29 million 11.5% autocallable yield notes tied to fund, two indexes

By Susanna Moon

Chicago, May 10 - JPMorgan Chase & Co. priced $3.29 million of 11.5% autocallable yield notes due May 10, 2013 linked to the SPDR S&P Metals & Mining exchange-traded fund, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each of the components closes at or above its initial level on any of three call dates.

The payout at maturity will be par unless any component finishes below its initial level and ever closes below the 50% trigger level during the life of the notes, in which case investors will lose 1% for every 1% decline of the worst-performing component.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying components:	SPDR S&P Metals & Mining ETF, S&P 500 index and Russell 2000 index
Amount:	$3,287,000
Maturity:	May 10, 2013
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	If any component ever closes below trigger level and finishes below initial level, 1% loss for every 1% decline of worst-performing component; otherwise, par
Call:	At par if underlying components close at or above initial levels on Aug. 8, Nov. 7, 2012 and Feb. 6, 2013
Initial levels:	$45.28 for metals fund, 1,363.72 for S&P and 793.06 for Russell
Buffer amount:	$22.64 for metals fund, 681.86 for S&P and 396.53 for Russell, 50% of initial level
Pricing date:	May 8
Settlement date:	May 11
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48125VWS5

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