By Susanna Moon
Chicago, July 19 - JPMorgan Chase & Co. priced $1.25 million of 5.5% single observation callable yield notes due Jan. 23, 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 payout at maturity will be par unless either underlying index finishes below the 75% trigger level plus, in which the payout will be the return of the worst performing index.
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: | $1.25 million
|
| Maturity: | Jan. 23, 2015
|
| Coupon: | 5.5%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below trigger level, in which case full exposure to losses of worst performing index
|
| Call option: | At par on any interest payment date other than the maturity date
|
| Initial index levels: | 1,680.91 for S&P and 1,042.53 for Russell
|
| Buffer amounts: | 420.2275 for S&P and 260.6325 for Russell; 25% of initial levels
|
| Pricing date: | July 17
|
| Settlement date: | July 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48126NJK4
|
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