By Angela McDaniels
Tacoma, Wash., Aug. 30 - JPMorgan Chase & Co. priced $1.97 million of 10% autocallable yield notes due Aug. 30, 2013 linked to 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 Nov. 27, 2012, Feb. 25, 2013 or May 28, 2013.
A trigger event will occur if the closing level of either underlying declines by more than 40% 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 underlying declines below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | Market Vectors Gold Miners ETF and Russell 2000
|
| Amount: | $1.97 million
|
| Maturity: | Aug. 30, 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 underlying; 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 Nov. 27, 2012, Feb. 25, 2013 or May 28, 2013
|
| Initial levels: | $46.85 for ETF and 814.28 for index
|
| Buffer amounts: | $18.74 for ETF and 325.712 for index; 40% of initial levels
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.1%, including 1.89% for selling concessions
|
| Cusip: | 48125VZ78
|
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