By Susanna Moon
Chicago, April 29 - JPMorgan Chase & Co. priced $1.49 million of zero-coupon principal protected dual directional notes due Oct. 31, 2012 linked to a basket of three commodities and three commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains WTI crude oil weighted at 35%, primary aluminum weighted at 15%, copper grade A weighted at 15%, the S&P GSCI Precious Metals Index - Excess Return weighted at 15%, the S&P GSCI Livestock Index - Excess Return weighted at 10% and the S&P GSCI Agriculture Index - Excess Return weighted at 10%.
If the basket finishes above its initial level, the payout at maturity will be par plus 110% of the gain.
If the basket finishes at or below its initial level, the payout will be par plus 19% of the absolute value of the basket return.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Principal protected dual directional notes
|
| Underlying basket: | WTI crude oil (weighted at 35%), primary aluminum (15%), copper grade A (15%), S&P GSCI Precious Metals Index - Excess Return (15%), S&P GSCI Livestock Index - Excess Return (10%) and S&P GSCI Agriculture Index - Excess Return (10%)
|
| Amount: | $1,488,000
|
| Maturity: | Oct. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 110% of any gain; par plus 19% of the absolute value of any decline
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 4%, including 0.2% for selling concessions
|
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