New Issue: JPMorgan prices $2.11 million capped single observation knock-out notes tied to Oracle

By Toni Weeks

San Diego, Jan. 18 - JPMorgan Chase & Co. priced $2.11 million of 0% capped single observation knock-out notes due Jan. 30, 2013 linked to Oracle Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of Oracle stock falls by more than 20% on the observation date, the payout at maturity will be par plus the stock return. Investors will be fully exposed to losses.

Otherwise, the payout will be par plus the greater of the 9.05% contingent minimum return and the stock return, subject to a maximum return of 20%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped single observation knock-out notes
Underlying stock:	Oracle Corp. (Nasdaq: ORCL)
Amount:	$2,105,000
Maturity:	Jan. 30, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If share price falls by more than 20% on Jan. 25, 2013, par plus stock return; otherwise par plus greater of 9.05% and stock return, subject to maximum return of 20%
Initial share price:	$27.34
Knock-out buffer:	20% of initial level
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125VJG6

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