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Published on 11/5/2014 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $8.63 million PLUS due 2016 linked to S&P 500

By Susanna Moon

Chicago, Nov. 5 – JPMorgan Chase & Co. priced $8.63 million of 0% Performance Leveraged Upside Securities due Feb. 4, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12.5%.

Investors will be exposed to any losses.

J.P. Morgan Securities LLC is the agent with distribution through Morgan Stanley Smith Barney LLC.

Issuer:JPMorgan Chase & Co.
Issue:Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$8,626,440
Maturity:Feb. 4, 2016
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of index gain, capped at 12.5%; exposure to any losses
Initial index level:2,018.05
Pricing date:Oct. 31
Settlement date:Nov. 5
Agent:J.P. Morgan Securities LLC
Distributer:Morgan Stanley Smith Barney LLC
Fees:1.75%
Cusip:48127H224

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