By Susanna Moon
Chicago, March 27 - JPMorgan Chase & Co. priced $3.84 million of 5.5% autocallable yield notes due March 31, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par plus accrued interest if both indexes close above their initial levels on any quarterly call date.
A trigger event will occur if either index falls below the 70% trigger level on any trading day.
The payout at maturity will be par unless a trigger event occurs and the return of the least-performing component is negative, in which case investors will share in any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying indexes: | S&P 500 index and the Russell 2000 index
|
| Amount: | $3.84 million
|
| Maturity: | March 31, 2014
|
| Coupon: | 5.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index ever closes below buffer level and worst-performing component falls, in which case full exposure to losses
|
| Call: | At par if both underlying indexes close at or above initial levels on June 26, 2013, Sept. 25, 2013 and Dec. 26, 2013
|
| Buffer amount: | 465.507 for S&P, 283.755 for Russell; 30% of initial levels
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.31%
|
| Cusip: | 48126DYT0
|
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