By Toni Weeks
San Diego, Jan. 23 - JPMorgan Chase & Co. priced $1.65 million of 4.9% single observation callable yield notes due April 28, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If the final level of either underlying index is less than 70% of its initial level, the payout at maturity will be par plus the return of the worst-performing index. Otherwise, the payout will be par.
The notes are callable at par on any interest payment date other than the maturity date.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Single observation callable yield notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1.65 million
|
| Maturity: | April 28, 2014
|
| Coupon: | 4.9%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Full exposure to decline of worst-performing index if final level of either index is less than 70% of its initial level; otherwise, par
|
| Call option: | At par on any interest payment date other than the maturity date
|
| Initial index levels: | 1,485.98 for S&P 500 and 892.80 for Russell
|
| Buffer levels: | 445.794 for S&P 500 and 267.84 for Russell, 30% of initial levels
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.114%, including 1.5% for selling concessions
|
| Cusip: | 48126DSQ3
|
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