By Jennifer Chiou
New York, Oct. 23 - JPMorgan Chase & Co. priced $1.3 million of 5.45% single observation autocallable yield notes due April 27, 2015 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.
The notes will be automatically called at par if each index closes at or above its initial level on a quarterly call date.
If the notes are not called and the final level of either underlying index is less than 75% of its initial level, the payout at maturity will be par plus the return of the lesser performing index. Otherwise, the payout will be par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Single observation autocallable yield notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1.3 million
|
| Maturity: | April 27, 2015
|
| Coupon: | 5.45%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Full exposure to decline of lesser performing index if final level of either index is less than 75% of its initial level; otherwise, par
|
| Call: | Automatically at par if each index closes at or above its initial level on a quarterly call date
|
| Initial index levels: | 1,744.50 for S&P 500 and 1,114.77 for Russell
|
| Buffer amounts: | 436.125 for S&P 500 and 278.6925 for Russell, 25% of initial levels
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%, all for selling concessions
|
| Cusip: | 48126NWS2
|
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