New Issue: JPMorgan prices $2.54 million 8.3% airbag autocallables linked to Apollo

By Angela McDaniels

Tacoma, Wash., July 31 - JPMorgan Chase & Co. priced $2.54 million of 8.3% airbag autocallable yield optimization notes due July 31, 2014 linked to the common stock of Apollo Global Management, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called automatically at par if Apollo shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Apollo shares equal to $1,000 divided by the conversion price. The conversion price is 80% of the initial share price.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Airbag autocallable yield optimization notes
Underlying stock:	Apollo Global Management, LLC (Symbol: APO)
Amount:	$2,535,000
Maturity:	July 31, 2014
Coupon:	8.3%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, number of Apollo shares equal to $1,000 divided by conversion price; otherwise, par
Call:	Automatically at par if Apollo shares close at or above initial share price on any quarter observation date
Initial share price:	$26.60
Conversion price:	$21.28 , 80% of initial share price
Pricing date:	July 29
Settlement date:	July 31
Underwriters:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48126H696

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