By Susanna Moon
Chicago, July 25 - JPMorgan Chase & Co. priced $1.25 million of 0% buffered return enhanced notes due July 23, 2013 linked to and index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Russell 2000 index and the S&P MidCap 400 index.
Payout at maturity will be par plus 1.2125 times any gain on the basket.
If the basket falls by up to 20%, the payout will be par. Investors will lose 1.25% for each 1% that the basket declines beyond 20%.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying indexes: | Equal weights of Russell 2000 and S&P MidCap 400
|
| Amount: | $1,247,000
|
| Maturity: | July 23, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2125 times any basket gain; par if basket declines by up to 20%; investors lose 1.25% for each 1% that basket declines beyond 20%
|
| Pricing date: | July 18
|
| Settlement date: | July 23
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 2.25%
|
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