New Issue: JPMorgan prices $25.57 million knock-out notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Aug. 27 - JPMorgan Chase & Co. priced $25.57 million of 0% capped index knock-out notes due Sept. 11, 2013 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index's closing level is less than the initial index level by more than 30% on any day during the life of the notes.

If a knock-out event has not occurred, the payout at maturity will be par plus 10%. If a knock-out event has occurred, the payout will be par plus the index return, which could be positive or negative, subject to a maximum return of 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped index knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$25,565,000
Maturity:	Sept. 11, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If knock-out event has not occurred, par plus 10%; if knock-out event has occurred, par plus index return, which could be positive or negative, subject to maximum return of 10%
Knock-out event:	Index's closing level declines by more than 30% during life of notes
Initial index level:	2,429.17
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125V4E7

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