By Jennifer Chiou
New York, Jan. 21 – JPMorgan Chase & Co. priced $10,313,000 of contingent income autocallable securities due Jan. 20, 2016 linked to the S&P GSCI Crude Oil Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly payment of 5.25% if the index closes at or above its 80% barrier level on the observation date for that quarter.
The notes will be redeemed at par plus the contingent payment if the index closes at or above 95% of the initial level on any determination date other than the final date.
The payout at maturity will be par plus the final coupon unless the index finishes below its 80% trigger level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent income autocallable securities
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| Underlying index: | S&P GSCI Crude Oil Index - Excess Return
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| Amount: | $10,313,000
|
| Maturity: | Jan. 20, 2016
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| Coupon: | 5.25% per quarter, payable if index closes at or above its 80% barrier level on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless the index finishes below its 80% trigger level, in which case investors will be fully exposed to any losses
|
| Call: | At par plus contingent payment if the index closes at or above 95% of initial level on any determination date other than the final date
|
| Initial level: | 267.1545
|
| Downside threshold level: | 213.7236, 80% of initial level
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| Pricing date: | Jan. 16
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| Settlement date: | Jan. 22
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management
|
| Fees: | 1.75%
|
| Cusip: | 48127DPS1
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