By Toni Weeks
San Diego, Sept. 7 - JPMorgan Chase & Co. priced $2.54 million of 0% autocallable buffered return enhanced notes due Sept. 10, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 10% if the index is at or above the initial level on the Oct. 7, 2013 call date.
If the notes are not called, the payout at maturity will be par plus 1.25 times any gain in the index.
Investors will receive par if the index declines by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,537,000
|
| Maturity: | Sept. 10, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any gain in the index; par if index declines by up to 15%; 1.1765% loss for every 1% index decline beyond 15%
|
| Call: | At par plus 10% if the index is at or above initial level on Oct. 7, 2013
|
| Initial level: | 1,403.44
|
| Pricing date: | Sept. 5
|
| Settlement date: | Sept. 10
|
| Agent: | JPMorgan Securities LLC
|
| Fees: | 1.99%, including 1% for selling concessions
|
| Cusip: | 48125V4X5
|
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