By Susanna Moon
Chicago, June 14 - JPMorgan Chase & Co. priced $2 million of 1.65% principal-protected notes due June 15, 2015 based on the J.P. Morgan Alternative Index Multi-Strategy 5 (USD), according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable on June 15 of each year.
The payout at maturity will be par minus a threshold percentage of 8.7% plus 1.5 times any index gain.
Investors will receive at least par.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Principal-protected notes
|
| Underlying index: | J.P. Morgan Alternative Index Multi-Strategy 5 (USD)
|
| Amount: | $2 million
|
| Maturity: | June 15, 2015
|
| Coupon: | 1.65%, payable annually
|
| Price: | Par
|
| Payout at maturity: | Par minus 8.7% plus 150% of the index return; floor of par
|
| Initial index level: | 103.77
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 2%, including 0.1% for selling concessions
|
| Cusip: | 48124AUK1
|
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