By Susanna Moon
Chicago, Sept. 17 – JPMorgan Chase & Co. priced $5.22 million of 0% contingent absolute return autocallable optimization securities due Sept. 21, 2015 linked to Facebook Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 11.65% if Facebook stock closes 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.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the underwriters.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | Facebook Inc. (Symbol: FB)
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| Amount: | $5,216,700
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| Maturity: | Sept. 21, 2015
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to stock decline
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| Call: | At par plus 11.65% per year if Facebook stock closes at or above initial share price on any quarterly observation date
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| Initial share price: | $77.48
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| Trigger price: | $58.11, 75% of initial share price
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| Pricing date: | Sept. 12
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| Settlement date: | Sept. 17
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| Underwriters: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | 1.5%
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| Cusip: | 481246288
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