By Susanna Moon
Chicago, March 5 - JPMorgan Chase & Co. priced $4.19 million of autocallable contingent interest notes due March 19, 2014 linked to Amazon.com Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Amazon.com shares close at or above the 75% trigger level on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 12.65%.
If the shares close at or above the initial share price on any review date other than the final review date, the notes will be called at par plus the coupon.
If the notes have not been called and the stock finishes at or above the trigger level, the payout at maturity will be par plus the coupon.
Otherwise, investors will be fully exposed to losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying stock: | Amazon.com Inc. (Nasdaq: AMZN)
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Amount: | $4,185,000
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Maturity: | March 19, 2014
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Coupon: | 12.65% per year, payable quarterly if Amazon.com stock at or above trigger price that quarter
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Price: | Par
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Payout at maturity: | Par plus contingent coupon unless Amazon.com shares finish below trigger price, in which case investors share fully in losses
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Call: | At par plus contingent coupon if closing share price is at or above initial share price on any review date other than final review date
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Initial share price: | $265.74
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Trigger price: | $199.305, 75% of initial share price
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Pricing date: | March 1
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Settlement date: | March 6
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Underwriter: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48126DYL7
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