By Marisa Wong
Madison, Wis., July 24 - JPMorgan Chase & Co. priced $355,000 of 0% capped dual directional buffered equity notes due Aug. 7, 2013 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.
If the final share price is greater than the initial price, the payout at maturity will be par plus the gain, up to a maximum return of 20%.
If the final share price is less than the initial share price by up to 21.35%, the payout will be par plus the absolute value of the stock return.
If the final share price is less than the initial share price by more than 21.35%, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $355,000
|
| Maturity: | Aug. 7, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any stock gain, capped at 20%; if final share price is less than initial price by up to 21.35%, par plus absolute value of stock return; if final price is less than initial price by more than 21.35%, full exposure to decline
|
| Initial price: | $603.70
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125VS84
|
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