By Angela McDaniels
Tacoma, Wash., April 3 - JPMorgan Chase & Co. priced $4.35 million of 0% dual directional contingent buffered equity notes due April 17, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the lesser of the index return and 10%.
If the final index level is less than the initial index level by up to 18%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 18%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $4.35 million
|
| Maturity: | April 17, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus lesser of index return and 10%; if final index level is less than initial index level by up to 18%, par plus absolute value of index return; if final index level is less than initial index level by more than 18%, 1% loss for every 1% that final index level is less than initial index level
|
| Initial index level: | 1,408.47
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125VTA8
|
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