New Issue: JPMorgan prices $1.28 million 8.5% upside autocallable reverse exchangeables on Trinity

By Jennifer Chiou

New York, Sept. 10 – JPMorgan Chase & Co. priced $1,277,000 of 8.5% upside autocallable reverse exchangeable notes due Sept. 11, 2015 linked to Trinity Industries, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par plus accrued interest if Trinity Industries stock closes at or above the initial share price on either quarterly call date.

The payout at maturity will be par in cash unless Trinity Industries stock ever closes below the 75% trigger level during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Trinity Industries shares equal to $1,000 divided by the initial share price or, at JPMorgan’s option, the cash equivalent.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Upside autocallable reverse exhangeable notes
Underlying stock:	Trinity Industries, Inc. (Symbol: TRN)
Amount:	$1,277,000
Maturity:	Sept. 11, 2015
Coupon:	8.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Trinity Industries shares ever dips below trigger level and finish below the initial price, in which case 20.5719 Trinity Industries shares
Initial price:	$48.61
Buffer amount:	$12.1525, 25% of initial share price
Call:	At par plus accrued interest if stock closes at or above initial price on March 9, 2015 or June 8, 2015
Pricing date:	Sept. 8
Settlement date:	Sept. 11
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48127DYH5

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