By Jennifer Chiou
New York, March 23 - JPMorgan Chase & Co. priced $2.92 million of 7.5% autocallable yield notes due March 26, 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 automatically at par plus accrued interest if the index and fund close above their initial levels on five bimonthly call dates.
A trigger event will occur if either underlying component falls below the trigger level, 60% of the initial level, on any trading day.
If a trigger event does not occur, investors will receive par at maturity.
If a trigger event occurs and the return of the least-performing component is negative, investors will share in those losses.
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: | $2.92 million
|
| Maturity: | March 26, 2013
|
| Coupon: | 7.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If neither underlying component falls below 60% of initial level during life of notes, par; full exposure to losses if a trigger event occurs and the return of the worst-performing component is negative
|
| Call: | At par if both underlying components close at or above initial levels on any of the bimonthly call dates
|
| Initial levels: | $43.24 for EM fund, 829.92 for Russell
|
| Protection amount: | $17.296 for EM fund, 331.968 for Russell, 40% of initial levels
|
| Pricing date: | March 21
|
| Settlement date: | March 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.693%, including 2.5% for selling concessions
|
| Cusip: | 48125VRK8
|
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