By Marisa Wong
Madison, Wis., Nov. 1 - JPMorgan Chase & Co. priced $4.58 million of 10% autocallable yield notes due Oct. 31, 2013 linked to the lesser performing of the Market Vectors Gold Miners exchange-traded 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 automatically at par if each underlying closes at or above its initial level on Jan. 28, April 25 or July 26, 2013.
A trigger event will occur if the closing level of either underlying is less than its initial level by more than 40% on any day during the life of the notes.
The payout at maturity will be par unless either underlying finishes below its initial level and a trigger event has occurred, in which case investors will lose 1% for every 1% that the worse-performing component declines below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlyings: | Market Vectors Gold Miners ETF and Russell 2000 index
|
| Amount: | $4,575,000
|
| Maturity: | Oct. 31, 2013
|
| Coupon: | 10%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If either underlying finishes below its initial level and a trigger event has occurred, full exposure to decline of worse-performing component; otherwise, par
|
| Trigger event: | Either underlying declines by more than buffer amount during life of notes
|
| Call: | Automatically at par if each underlying closes at or above its initial level on Jan. 28, April 25 or July 26, 2013
|
| Initial levels: | $51.24 for ETF and 813.25 for index
|
| Buffer amounts: | $20.4960 for ETF and 325.30 for index, 40% of initial levels
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.65%, including 2% for selling concessions
|
| Cusip: | 48126DAU3
|
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