By Susanna Moon
Chicago, June 28 - JPMorgan Chase & Co. priced $304,000 of 12% single observation autocallable yield notes due June 30, 2014 linked to the S&P 500 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par plus accrued interest if both components close at or above their initial levels on any quarterly call date.
A trigger event will occur if either component falls below the 65% trigger level.
The payout at maturity will be par unless a trigger event has occurred, in which case investors will be fully exposed to any losses of the lesser performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | S&P 500 index and Market Vectors Gold Miners ETF
|
| Amount: | $304,000
|
| Maturity: | June 30, 2014
|
| Coupon: | 12%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either component falls below trigger level, in which case full exposure to lesser performing component
|
| Call: | At par if both components close at or above initial levels on any quarterly call date
|
| Buffer amount: | 555.8105 for S&P 500, $8.281 for gold fund, 35% of initial levels
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48126NCQ8
|
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