By Susanna Moon
Chicago, April 29 - JPMorgan Chase & Co. priced $1.5 million of autocallable contingent interest notes due May 13, 2015 linked to FireEye Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate 22.1% if FireEye shares close at or above the trigger level, 55% of the initial share price, on the review date for that quarter.
The notes will be called at par plus the contingent coupon if FireEye shares close at or above the initial share price on any quarterly review date other than the final review date.
If the notes have not been called and the stock finishes at or above the trigger level, the payout at maturity will be par plus the 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 shares: | FireEye Inc. (Symbol: FEYE)
|
| Amount: | $1.5 million
|
| Maturity: | May 13, 2015
|
| Coupon: | 22.1% per year, payable quarterly if FireEye shares close at or above trigger level on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon unless FireEye shares finish below trigger level, in which case investors share fully in losses
|
| Call: | At par plus contingent coupon if FireEye shares close at or above initial share price on any quarterly call date
|
| Initial share price: | $41.18
|
| Trigger level: | $22.649, 55% of initial share price
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127DFV5
|
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