New Issue: JPMorgan prices $8.04 million capped buffered return enhanced notes on Brent crude

By Marisa Wong

Madison, Wis., Jan. 22 - JPMorgan Chase & Co. priced $8.04 million of 0% capped buffered return enhanced notes due Jan. 30, 2015 linked to a Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3 times any gain in the futures contract, capped at 16.1%.

Investors will receive par for losses up to 5% and will be exposed to any decline beyond the buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying asset:	Brent crude oil futures contract
Amount:	$8,039,000
Maturity:	Jan. 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any gain in futures contract, capped at 16.1%; par for losses up to 5%; full exposure to any decline beyond buffer
Initial price:	$106.48
Pricing date:	Jan. 17
Settlement date:	Jan. 23
Agent:	J.P. Morgan Securities LLC
Fees:	0.224%, up to 0.37% selling commissions
Cusip:	48126NX69

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