By Susanna Moon
Chicago, April 23 – JPMorgan Chase & Co. priced $988,000 of 6% autocallable yield notes due July 26, 2016 linked to the Financial Select Sector SPDR fund, Euro Stoxx 50 index and Russell 2000 index, 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 each component closes at or above its initial level on any quarterly call date other than the final date.
A trigger event will occur if any component closes below its 67% trigger level on any trading day during the life of the notes.
The payout at maturity will be par unless a trigger event occurs and any component finishes below its initial level, in which case investors will be fully exposed to any losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlyings: | Financial Select Sector SPDR fund, Euro Stoxx 50 index and Russell 2000 index
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| Amount: | $988,000
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| Maturity: | July 26, 2016
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| Coupon: | 6%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any component falls and any component ever dips below trigger level, in which case full exposure to losses of worst performing component
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| Trigger event: | any component closes below its trigger level on any trading day during life of notes
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| Call: | At par plus accrued interest if each component closes at or above its initial level on any quarterly call date other than the final date
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| Initial levels: | $24.11 for Financial Select, 3,719.38 for Euro Stoxx and 1,264.151 for Russell
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| Trigger levels: | 67% of initial levels
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| Pricing date: | April 21
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| Settlement date: | April 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 48125UMA7
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