By Marisa Wong
Madison, Wis., June 11 - JPMorgan Chase & Co. priced $372,500 of 0% contingent absolute return autocallable optimization securities due June 14, 2013 linked to Harley-Davidson, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 11.5% if Harley-Davidson stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the stock finishes at or above the 65% trigger level, the payout at maturity will be par plus the absolute value of the stock return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Harley-Davidson, Inc. (Symbol: HOG)
|
| Amount: | $372,500
|
| Maturity: | June 14, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is at or above trigger price, par plus absolute value of stock return; otherwise, full exposure to losses
|
| Call: | At par plus 11.5% per year if Harley-Davidson stock closes at or above initial share price on any quarterly observation date
|
| Initial share price: | $48.00
|
| Trigger price: | $31.20, 65% of initial share price
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| Pricing date: | June 7
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| Settlement date: | June 12
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 46637G470
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