By Angela McDaniels
Tacoma, Wash., Dec. 28 - JPMorgan Chase & Co. priced $4.6 million of 0% currency-linked partial principal at risk securities due Dec. 29, 2014 linked to the performance of a basket of currencies relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.
If the basket appreciates relative to the euro, the payout at maturity will be par plus 150% of the basket return.
Investors will be exposed to the decline if the basket depreciates relative to the euro, subject to a minimum payout of $900 per $1,000 principal amount of notes.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Currency-linked partial principal at risk securities
|
| Underlying currencies: | Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted
|
| Amount: | $4,595,000
|
| Maturity: | Dec. 29, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of basket return if basket appreciates relative to euro; exposure to decline if basket depreciates relative to euro, subject to minimum payout of $900 per $1,000 principal amount of notes
|
| Initial spot rates: | 2.42004 for real; 40.51296 for ruble; 68.74422 for rupee; 8.24182 for renminbi
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 3%
|
| Cusip: | 48125VFX3
|
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