New Issue: JPMorgan prices $2.26 million capped contingent buffered notes on gold

By Toni Weeks

San Diego, Nov. 20 - JPMorgan Chase & Co. priced $2.26 million of 0% capped contingent buffered notes due Nov. 28, 2013 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of gold finishes above the strike price, which is the gold price on the pricing date, the payout at maturity will be par plus the return, up to a maximum return of 12.75%.

Investors will receive par if the gold falls by up to 15% and will be fully exposed to any losses if gold falls below the 85% trigger level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped contingent buffered notes
Underlying commodity:	Gold
Amount:	$2,256,000
Maturity:	Nov. 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any price gain, capped at 12.75%; par if gold price falls by up to 15%; full exposure to decline if gold price falls by more than 15%
Strike price:	$1,713.50
Pricing date:	Nov. 16
Settlement date:	Nov. 21
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48126DLM9

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