By Jennifer Chiou
New York, Jan. 18 - JPMorgan Chase & Co. priced $312,900 of 0% trigger phoenix autocallable optimization securities due Jan. 18, 2013 linked to the class A shares of Accenture plc, according to a 424B2 filing with the Securities and Exchange Commission.
If Accenture stock closes at or above the trigger price - 80% of the initial share price - on a quarterly observation date, the issuer will pay an annualized contingent coupon of 12.5% for that quarter.
If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par of $10 plus the contingent coupon.
If the notes are not called and Accenture shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger phoenix autocallable optimization securities
|
| Underlying shares: | Accenture plc (NYSE: ACN)
|
| Amount: | $312,900
|
| Maturity: | Jan. 18, 2013
|
| Coupon: | 12.5% per year, payable quarterly only if the shares close at or above trigger price on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | If shares finish at or above the trigger price, par plus contingent coupon; otherwise, exposure to losses
|
| Call: | At par plus contingent coupon if share price at or above initial price on any quarterly observation date
|
| Initial share price: | $53.25
|
| Trigger price: | $42.60, 80% of initial share price
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48126B632
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