By Angela McDaniels
Tacoma, Wash., May 17 - JPMorgan Chase & Co. priced $50 million of 5% annualized return notes due Aug. 22, 2013 linked to the PowerShares Senior Loan Portfolio, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $993.80 plus (b) $1,000 multiplied by the fund return.
The $25.21 strike price was set by the calculation agent and is higher than the official closing price of one share of the exchange-traded fund on the pricing date, $25.20.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying ETF: | PowerShares Senior Loan Portfolio
|
| Amount: | $50 million
|
| Maturity: | Aug. 22, 2013
|
| Coupon: | 5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | For each $1,000 principal amount of notes, $993.80 plus ETF return, with exposure to any losses
|
| Share strike price: | $25.21
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126DV48
|
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