By Susanna Moon
Chicago, May 23 - JPMorgan Chase & Co. priced $16.03 million of buffered autocallable optimization securities due May 30, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call return of 9.25% if the fund closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par if index falls by up to 5%.
Otherwise, investors will lose 1% for each 1% decline beyond 5%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered autocallable optimization securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $16,025,310
|
| Maturity: | May 30, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes at or above 95% of initial level; otherwise, 1% loss for every 1% decline beyond 5%
|
| Call: | At par plus 9.25% per year if index closes at or above initial level on quarterly observation date after six months
|
| Initial level: | 998.78
|
| Pricing date: | May 21
|
| Settlement date: | May 24
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48124B261
|
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