By Marisa Wong
Madison, Wis., Aug. 20 - JPMorgan Chase & Co. priced $2.68 million of 7.25% daily observation callable yield notes due Nov. 21, 2014 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless either index closes below its initial level by more than 35% on any day during the life of the notes and either index finishes below the initial level, in which case the payout will be the return of the worse performing index.
The notes are callable at par on any interest payment date other than the maturity date.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Daily observation callable yield notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $2.68 million
|
| Maturity: | Nov. 21, 2014
|
| Coupon: | 7.25%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index ever closes below initial level by more than buffer during life of notes and either index finishes below initial level, in which case full exposure to losses of worse performing index
|
| Call option: | At par on any interest payment date other than the maturity date
|
| Initial index levels: | 2,854.27 for Euro Stoxx and 1,024.30 for Russell
|
| Buffer amounts: | 998.9945 for Euro Stoxx and 358.505 for Russell, 35% of initial levels
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126NNR4
|
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