New Issue: JPMorgan prices $629,000 return enhanced notes tied to General Motors

By Toni Weeks

San Diego, Aug. 24 - JPMorgan Chase & Co. priced $629,000 of 0% return enhanced notes due Sept. 6, 2012 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.

The final share price will be the average of the closing prices of General Motors stock on the five days ending Aug. 31, 2012. If the final share price is greater than the strike price, the payout at maturity will be par plus double the stock return, up to a maximum return of 34.5%.

Investors will lose 1% for every 1% drop beyond the strike price.

J.P. Morgan Securities LLC will be the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Return enhanced notes
Underlying stock:	General Motors Co. (NYSE: GM)
Amount:	$629,000
Maturity:	Sept. 6, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If average stock price for five days ending Aug. 31, 2012 is greater than strike price, par plus double stock return, up to maximum return of 34.5%; full exposure to losses
Strike price:	$22.86
Pricing date:	Aug. 19
Settlement date:	Aug. 24
Agents:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125XN93

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