By Susanna Moon
Chicago, March 15 - JPMorgan Chase & Co. priced $2.08 million of 0% capped buffered enhanced participation equity notes due June 20, 2014 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 1.2 times any gain in the index, up to a maximum return of $1,127.20 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.08 million
|
| Maturity: | June 20, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any index gain, capped at 12.72%; par if index declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
|
| Initial index level: | 1,554.52
|
| Pricing date: | March 13
|
| Settlement date: | March 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126DZN2
|
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