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Published on 10/1/2013 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $4.66 million buffered PLUS linked to four currencies

By Susanna Moon

Chicago, Oct. 1 - JPMorgan Chase & Co. priced $4.66 million of 0% buffered Performance Leveraged Upside Securities due Oct. 30, 2014 linked to a basket of four equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, Indian rupee, Russian ruble and Australian dollar.

The payout at maturity will be par plus double any basket gain.

Investors will receive par if the basket falls by up to 12.2% and will be exposed to any decline beyond 12.2%.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.

Issuer:JPMorgan Chase & Co.
Issue:Buffered Performance Leveraged Upside Securities
Underlying basket:Brazilian real, Indian rupee, Russian ruble and Australian dollar, equally weighted against U.S. dollar
Amount:$4,663,490
Maturity:Oct. 30, 2014
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus 200% of any basket gain; par if basket falls by up to 12.2%, exposure to losses beyond 12.2%
Pricing date:Sept. 27
Settlement date:Oct. 2
Agent:J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as dealer
Fees:2%
Cusip:48126H357

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