By Jennifer Chiou
New York, Jan. 24 - JPMorgan Chase & Co. priced $9,736,450 of contingent absolute return autocallable optimization securities due Jan. 28, 2013 linked to Freeport-McMoRan Copper & Gold Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 14.05% if the stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called and the stock finishes at or above the 65% trigger level, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent absolute return autocallable optimization securities
|
| Underlying stock: | Freeport-McMoRan Copper & Gold Inc. (Symbol: FCX)
|
| Amount: | $9,736,450
|
| Maturity: | Jan. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is at or above the 65% trigger level, par plus the absolute value of the return; otherwise, exposure to losses
|
| Call: | At par plus an annualized call premium of 14.05% if the stock closes at or above the initial share price on any quarterly observation date
|
| Initial share price: | $43.10
|
| Conversion price: | $28.02, 65% of initial share price
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48126B566
|
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