New Issue: JPMorgan prices $7.62 million trigger autocallable optimization securities on GM

By Jennifer Chiou

New York, June 30 – JPMorgan Chase & Co. priced $7,622,000 of 0% trigger autocallable optimization securities due June 28, 2019 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.

If General Motors stock closes at or above the initial share price on any of the quarterly observation dates beginning on July 1, 2015, the notes will be called at par of $10 plus an annualized call return of 9%.

The payout at maturity will be par if General Motors stock finishes at or above 50% of the initial share price. Otherwise, investors will be exposed to any share price decline.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger autocallable optimization securities
Underlying stock:	General Motors Co. (NYSE: GM)
Amount:	$7,622,000
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If General Motors stock finishes at or above $18.45, which is 50% of initial price, par; otherwise exposure to losses
Initial price:	$36.90
Trigger price:	$18.45, 50% of initial
Call option:	Par plus 9% per year if General Motors stock closes at or above the initial share price on any of the quarterly observation dates beginning on July 1, 2015
Pricing date:	June 26
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48127E163

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