New Issue: JPMorgan prices $13.66 million review notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., April 11 - JPMorgan Chase & Co. priced $13.66 million of 0% review notes due Oct. 15, 2015 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 9% per year if each index closes at or above its initial level on Oct. 9, 2014, April 9, 2015 or Oct. 9, 2015.

If the notes are not called and the final level of each index is less than its initial level by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% that the lesser-performing index declines beyond 20%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$13.66 million
Maturity:	Oct. 15, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is less than initial level by up to 20%, par; otherwise, 1.25% loss for each 1% that lesser-performing index declines beyond 20%
Call:	At par plus premium of 9% per year if each index closes at or above initial level on Oct. 9, 2014, April 9, 2015 or Oct. 9, 2015
Initial index levels:	1,872.18 for S&P 500 and 1,159.9613 for Russell 2000
Pricing date:	April 9
Settlement date:	April 14
Agent:	J.P. Morgan Securities LLC
Fees:	0.19649%
Cusip:	48127DEP9

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