By Angela McDaniels
Tacoma, Wash., Aug. 11 - JPMorgan Chase & Co. priced $564,000 of 0% single review notes due Sept. 13, 2012 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the trust's final share price is greater than or equal to the initial share price, the notes will be automatically called and investors will receive par plus 15.35%.
If the notes are not called and the final share price is less than the initial share price by no more than 15%, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline from the initial share price to the final share price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Single review notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $564,000
|
| Maturity: | Sept. 13, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final share price is at least 85% of initial level; otherwise, full exposure to share price decline
|
| Call: | Automatically at par plus 15.35% if final share price is greater than or equal to initial share price
|
| Initial share price: | $117.37
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.15%, including 0.25% for selling concessions
|
| Cusip: | 48125XL20
|
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