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Published on 4/25/2014 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $10.69 million return optimization securities linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., April 25 - JPMorgan Chase & Co. priced $10.69 million of 0% return optimization securities due June 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 22%.

If the index return is negative, investors will be fully exposed to the decline from the initial level.

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

Issuer:JPMorgan Chase & Co.
Issue:Return optimization securities
Underlying index:Euro Stoxx 50
Amount:$10,685,000
Maturity:June 30, 2015
Coupon:0%
Price:Par of $10.00
Payout at maturity:If index return is positive, par plus 300% of index return, with maximum return of 22%; full exposure to any losses
Initial level:3,175.97
Pricing date:April 23
Settlement date:April 28
Underwriters:J.P. Morgan Securities LLC and UBS Financial Services Inc.
Fees:2%
Cusip:48127F624

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