By Susanna Moon
Chicago, Feb. 10 - JPMorgan Chase & Co. priced $5 million of 9% annualized callable yield notes due Feb. 13, 2013 linked to the Russell 2000 index and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless either underlying component closes below the trigger level - 55% of its initial level - during the life of the notes and the final level is less than the initial level, in which case investors will receive par plus the return of the worst-performing underlying component.
The notes will be callable at par on any interest payment date.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Callable yield notes
|
| Underlying components: Russell 2000 index and SPDR S&P Metals & Mining ETF
|
| Amount: | $5 million
|
| Maturity: | Feb. 13, 2013
|
| Coupon: | 9%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either component ever closes below 55% trigger level and finishes below initial level, in which case par plus return of worst-performing component
|
| Initial levels: | 828.39 for Russell, $55.47 for metals fund
|
| Protection amount: | 372.7755 for Russell, $24.9615 for metals fund; 45% of initial levels
|
| Call option: | At par on any monthly interest payment date
|
| Pricing date: | Feb. 8
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| Settlement date: | Feb. 13
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.4%, including 3% for selling concessions
|
| Cusip: | 48125VMW7
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