By Marisa Wong
Madison, Wis., Dec. 31 - JPMorgan Chase & Co. priced $847,630 of 0% trigger autocallable optimization securities due Dec. 31, 2015 linked to the S&P 500 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 6% 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, 85% of the initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the index decline from the initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $847,630
|
| Maturity: | Dec. 31, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par if index finishes at or above trigger level; otherwise, full exposure to index decline
|
| Call: | Automatically at par plus 6% per year if index closes at or above initial level on any quarterly observation date
|
| Initial index level: | 1,161.09
|
| Trigger level: | 847.25, 85% of initial index level
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48127A385
|
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