By Susanna Moon
Chicago, Oct. 23 - JPMorgan Chase & Co. priced $2.65 million of 0% Performance Leveraged Upside Securities due Nov. 22, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum payment of $11.44 per $10 principal amount.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,654,500
|
| Maturity: | Nov. 22, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain capped at 14.4%; exposure to any losses
|
| Initial level: | 1,433.25
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 24
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC handling distribution
|
| Fees: | 2%
|
| Cusip: | 48126E545
|
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