By Marisa Wong
Madison, Wis., June 13 - JPMorgan Chase & Co. priced $3.25 million of autocallable yield notes due Aug. 14, 2014 linked to the S&P 500 index, the Russell 2000 index and Harley-Davidson, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a coupon of 1.8667% per quarter.
The notes will be called at par plus accrued interest if each component closes at or above its initial levels on any quarterly call date.
A trigger event will occur if any component finishes below the 65% trigger level.
The payout at maturity will be par unless a trigger event occurs, in which case investors will share in losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | S&P 500 index, the Russell 2000 index and Harley-Davidson, Inc. shares (Symbol: HOG)
|
| Amount: | $3.25 million
|
| Maturity: | Aug. 14, 2014
|
| Coupon: | 1.8667% per quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any component finishes below trigger level, in which case full exposure to losses of worst performing component
|
| Call: | At par if all components close at or above initial levels on quarterly call date
|
| Initial levels: | 1,626.21 for S&P, 979.40 for Russell and $52.88 for Harley-Davidson
|
| Trigger levels: | 1,057.0365 for S&P, 636.61 for Russell and $34.372 for Harley-Davidson; 65% of initial levels
|
| Pricing date: | June 11
|
| Settlement date: | June 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9%
|
| Cusip: | 48126NER4
|
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