By Jennifer Chiou
New York, Sept. 9 – JPMorgan Chase & Co. priced $15,194,000 of 5.25% single observation autocallable yield notes due March 10, 2016 linked to the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be automatically called at par if the closing level of each underlying asset is greater than or equal to its initial level on any quarterly call date.
If the notes are not called, the payout at maturity will be par unless the final level of either underlying asset is less than its initial level by more than 20%, in which case investors will lose 1.25% for every 1% that the lesser-performing underlying asset declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Single observation autocallable yield notes
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| Underlying assets: | iShares MSCI EAFE ETF and Russell 2000 index
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| Amount: | $15,194,000
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| Maturity: | March 10, 2016
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| Coupon: | 5.25%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless final level of either underlying asset is less than initial level by more than buffer amount, in which case 1.25% loss for every 1% that lesser-performing underlying asset declines beyond 20%
|
| Call: | Automatically at par if each underlying asset closes at or above its initial level on any quarterly call date beginning on March 5, 2015
|
| Initial levels: | $67.00 for ETF and 1,170.132 for index
|
| Buffer amounts: | $13.40 for ETF and 234.0264 for index, 20% of initial levels
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| Pricing date: | Sept. 5
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| Settlement date: | Sept. 10
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 48127DZD3
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