New Issue: JPMorgan prices $2.76 million capped contingent buffered notes on gold

By Toni Weeks

San Diego, Nov. 6 - JPMorgan Chase & Co. priced $2.76 million of 0% capped contingent buffered notes due Nov. 15, 2013 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final gold price is greater than the strike price, which is the gold price on the pricing date, the payout at maturity will be par plus the gain, subject to a maximum return of 13.05%. If the price of gold falls by up to 15%, the payout will be par. If the final gold price is less than the strike price by more than 15%, investors will be fully exposed to the decline.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped contingent buffered notes
Underlying commodity:	Gold
Amount:	$2,757,000
Maturity:	Nov. 15, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any price gain, capped at 13.05%; par if gold price falls by up to 15%; full exposure to decline if gold price falls by more than 15%
Strike price:	$1,685.00
Pricing date:	Nov. 2
Settlement date:	Nov. 7
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48126DLA5

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