By Susanna Moon
Chicago, Nov. 13 - JPMorgan Chase & Co. priced $750,000 of autocallable contingent interest notes due Nov. 27, 2013 linked to Citigroup Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Citigroup shares close at or above the 80% trigger level on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 18.05%.
If Citigroup 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 contingent coupon.
If the notes have not been called and the final share price is greater than or equal to the trigger level, the payout at maturity will be par plus contingent coupon.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Citigroup Inc. (NYSE: C)
|
| Amount: | $750,000
|
| Maturity: | Nov. 27, 2013
|
| Coupon: | 18.05% per year if Citigroup shares close at or above trigger level on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If final share price is at or above trigger level, par plus contingent coupon; otherwise, full exposure to losses
|
| Call: | At par plus contingent coupon if Citigroup shares close at or above initial share price on any review date other than final review date
|
| Initial share price: | $35.93
|
| Trigger level: | $28.744, 80% of initial share price
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126DHE2
|
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