By Marisa Wong
Madison, Wis., April 10 - JPMorgan Chase & Co. priced $1.14 million of 0% contingent absolute return autocallable optimization securities due April 14, 2014 linked to the common stock of Silver Wheaton Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 12% if Silver Wheaton shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and the final share price is at or above the 75% trigger level, the payout at maturity will be par plus the absolute value of the return.
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: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Silver Wheaton Corp. (Symbol: SLW)
|
| Amount: | $1,135,500
|
| Maturity: | April 14, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of return; otherwise, full exposure to stock decline
|
| Call: | At par plus 12% per year if Silver Wheaton closes at or above initial share price on any quarterly observation date
|
| Initial share price: | $29.07
|
| Trigger price: | $21.80, 75% of initial share price
|
| Pricing date: | April 5
|
| Settlement date: | April 11
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48124B485
|
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