By Toni Weeks
San Diego, Dec. 12 - JPMorgan Chase & Co. priced $5,064,000 of 0% capped buffered enhanced participation equity notes due July 15, 2014 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 150% of the gain, subject to a maximum payment of $1,219.75 per $1,000 principal amount of notes.
Investors will receive par for losses up to 10% and will share in losses beyond the buffer at a rate of 1.1111% per 1% drop beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $5,064,000
|
| Maturity: | July 15, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 21.975%; par for losses up to 10%; exposure to losses beyond the buffer at a rate of 1.1111% per 1% drop
|
| Initial level: | 1,569.32
|
| Trade date: | Dec. 10
|
| Settlement date: | Dec. 17
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 1.7%
|
| Cusip: | 48126DPE3
|
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