By Susanna Moon
Chicago, Aug. 12 - JPMorgan Chase & Co. priced $41 million of 0% return notes due Aug. 29, 2012 linked to the MDAX index converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level and the final index level are each converted into dollars at the exchange rate then in effect.
The payout at maturity will be par plus the index return times an adjustment factor of 99.2%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Return notes
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Underlying index: | MDAX converted into dollars
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Amount: | $41 million
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Maturity: | Aug. 29, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return times 99.2%
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Initial level: | 12,719.24391
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Pricing date: | Aug. 11
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Settlement date: | Aug. 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48125XL95
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