By Jennifer Chiou
New York, June 4 - JPMorgan Chase & Co. priced $15 million of 5.3% yield notes due Sept. 4, 2014 linked to the iShares MSCI EAFE index fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If the return of the lesser-performing underlying asset is at least 85% of its initial level, the payout at maturity will be par any accrued interest.
Otherwise, investors will share in the losses of the lesser-performing asset at a rate of 1.1765% per 1% decline beyond the 15% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlying components: iShares MSCI EAFE index fund and Russell 2000 index
|
| Amount: | $15 million
|
| Maturity: | Sept. 4, 2014
|
| Coupon: | 5.3%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par if return of the lesser-performing underlying asset is at least 85% of its initial level; otherwise, participation in losses of the lesser-performing asset at a rate of 1.1765% per 1% decline beyond the 15% buffer
|
| Initial index levels: | $60.08 for EAFE fund and 984.14 for Russell
|
| Buffer amounts: | 15% of initial levels
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48126NCZ8
|
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