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Published on 4/1/2014 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.88 million trigger performance securities on Euro Stoxx

By Jennifer Chiou

New York, April 1 - JPMorgan Chase & Co. priced $2,877,000 of 0% trigger performance securities due March 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 160% of the index return.

Investors will receive par if the index falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.

Issuer:JPMorgan Chase & Co.
Issue:Trigger performance securities
Underlying index:Euro Stoxx 50
Amount:$2,877,000
Maturity:March 31, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 160% of any index gain; par if index falls by 25% or less; full exposure to losses if index finishes below trigger level
Initial index level:3,133.75
Trigger level:2,350.31, 75% of initial level
Pricing date:March 27
Settlement date:March 31
Agents:UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:None
Cusip:48127E569

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