By Marisa Wong
Madison, Wis., Sept. 20 - JPMorgan Chase & Co. priced $1.29 million of 8.25% autocallable yield notes due Sept. 24, 2014 linked to the Market Vectors Gold Miners exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If each component closes at or above its initial level on any quarterly call date, the notes will be called at par plus accrued interest.
The payout at maturity will be par unless either component closes below its initial level by more than 45% on any day during the life of the notes and either component finishes below the initial level, in which case the payout will be the return of the worse performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | Market Vectors Gold Miners ETF and Russell 2000 index
|
| Amount: | $1,286,000
|
| Maturity: | Sept. 24, 2014
|
| Coupon: | 8.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either component ever closes below initial level by more than buffer amount during life of notes and either component finishes below initial level, in which case full exposure to losses of worse performing component
|
| Call: | At par plus accrued interest if each component closes at or above its initial level on and quarterly call dates
|
| Initial levels: | $27.31 for ETF and 1,075.27 for index
|
| Buffer amounts: | $12.2895 for ETF and 483.8715 for index, 45% of initial levels
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48126NQG5
|
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