New Issue: JPMorgan prices $3.02 million trigger jump notes linked to oil

By Angela McDaniels

Tacoma, Wash., Aug. 4 – JPMorgan Chase & Co. priced $3.02 million of 0% trigger jump securities due Sept. 3, 2015 linked to the performance of West Texas Intermediate crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the oil return is positive, the payout at maturity will be par plus the greater of the oil return and 13.88%. Investors will receive par if the price declines by 10% or less and will be exposed to losses from the initial price if oil declines by more than 10%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger jump securities
Underlying commodity:	West Texas Intermediate crude oil
Amount:	$3,021,000
Maturity:	Sept. 3, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If oil return is positive, par plus greater of oil return and 13.88%; par if price declines by 10% or less; exposure to losses from initial price if oil declines by more than 10%
Initial oil price:	$98.17
Downside threshold:	$88.353, 90% of initial price
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2%
Cusip:	48127DTK4

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