By Susanna Moon
Chicago, March 31 - JPMorgan Chase & Co. priced $8.48 million of 0% trigger autocallable optimization securities due March 31, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date.
If the notes are not called and the index finishes at or above the trigger level, 72.33% of the initial level, the payout at maturity will be par.
Otherwise, investors will be exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $8,477,300
|
| Maturity: | March 31, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par if index finishes at or above trigger level; otherwise, full exposure to any losses
|
| Call: | At par plus 8% per year if index closes at or above initial level on any quarterly observation date
|
| Initial index level: | 1,151.4406
|
| Trigger level: | 832.84, 72.33% of initial index level
|
| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48127F509
|
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