By Jennifer Chiou
New York, Oct. 24 - JPMorgan Chase & Co. priced $4.66 million of autocallable contingent interest notes due Nov. 6, 2013 linked to the common stock of Priceline.com Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Priceline.com shares close at or above the 75% trigger level on a quarterly review date, the notes will pay a coupon that quarter at an annualized rate of 19%.
If the shares close at or above the initial share price on any of the review dates other than the final review date, the notes will be called at par plus the coupon.
If the notes have not been called and Priceline.com stock finishes at or above the trigger level, the payout at maturity will be par plus the 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 stock: | Priceline.com, Inc. (Symbol: PCLN)
|
| Amount: | $4.66 million
|
| Maturity: | Nov. 6, 2013
|
| Coupon: | 19% per year, payable quarterly, if the closing price of Priceline.com shares is equal to or greater than trigger price
|
| Price: | Par
|
| Payout at maturity: | Par in cash unless Priceline.com shares finish below downside threshold price, in which case investors share in losses
|
| Call: | At par plus contingent coupon if closing share price on first three quarterly valuation dates is greater than or equal to initial share price
|
| Initial share price: | $560.50
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| Downside threshold price: | $420.375, 75% of initial share price
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| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 24
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126DDW6
|
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