By Jennifer Chiou
New York, Dec. 24 - JPMorgan Chase & Co. priced $5 million of 0% capped market plus notes due March 4, 2015 linked to a WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the price of WTI crude finishes at or above the trigger level, the payout at maturity will be par plus the greater of the 7.35% contingent minimum return and double any gain, up to a maximum return of 20%.
Otherwise, investors will be fully exposed to losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped market plus notes
|
| Underlying commodity: | WTI crude oil futures contract
|
| Amount: | $5 million
|
| Maturity: | March 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If crude finishes at or above trigger level, par plus 200% of any gain, floor of 7.35% and gains capped at 20%; otherwise, full exposure to losses
|
| Initial price: | $99.32
|
| Trigger level: | 80% of initial level
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126NTP2
|
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