By Marisa Wong
Madison, Wis., Dec. 27 - JPMorgan Chase & Co. priced $609,000 of 7% autocallable yield notes due Dec. 31, 2013 linked to the iShares MSCI Emerging Markets index fund and the 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 both components close above their initial levels on any of three quarterly call dates.
A trigger event will occur if either component falls below the 70% 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 the return of the lesser-performing component is negative, in which case investors will receive par plus the return of the lesser-performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | iShares MSCI Emerging Markets index fund and Russell 2000 index
|
| Amount: | $609,000
|
| Maturity: | Dec. 31, 2013
|
| Coupon: | 7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either component ever dips below 70% trigger level and worse-performing component falls, in which case full exposure to decline of lesser-performing component
|
| Call: | At par if both underlying components close at or above initial levels on March 26, June 26 or Sept. 25, 2013
|
| Initial levels: | $43.40 for iShares MSCI EM, 847.92 for Russell
|
| Buffer amount: | $12.99 for iShares MSCI EM, 254.376 for Russell; 30% of initial levels
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.6%, including 1.38% for selling concessions
|
| Cusip: | 48126DKB4
|
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