By Jennifer Chiou
New York, Feb. 21 - JPMorgan Chase & Co. priced $632,000 of 7% autocallable yield notes due Feb. 21, 2014 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 automatically called at par if each underlying component closes at or above its initial level on May 16, 2013, Aug. 16, 2013 or Nov. 18, 2013.
A trigger event will occur if any component declines by more than 30% during the life of the notes.
The payout at maturity will be par unless a trigger event occurs and the final level of any underlying component is less than its initial level, in which case investors will lose 1% for every 1% that the least-performing component declines below its initial level.
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: | $632,000
|
| Maturity: | Feb. 21, 2014
|
| Coupon: | 7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any component declines by more than buffer amount during life of notes and final level of any component is less than initial level, in which case full exposure to decline of least-performing component from initial level
|
| Call: | At par if each underlying component closes at or above initial level on May 16, 2013, Aug. 16, 2013 or Nov. 18, 2013
|
| Initial levels: | $43.99 for emerging markets ETF and 923.15 for Russell 2000
|
| Buffer amount: | $13.197 for emerging markets ETF and 276.945 for Russell 2000; 30% of initial levels
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.785%, including 0.842% for selling concessions
|
| Cusip: | 48126DWQ8
|
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