By Toni Weeks
San Diego, Aug. 19 - JPMorgan Chase & Co. priced $5 million of 0% return enhanced notes due Sept. 4, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 21.46%.
Investors will be fully exposed to any decline in the index.
J.P. Morgan Securities LLC will be the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $5 million
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Maturity: | Sept. 4, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to a maximum return of 21.46%; full exposure to losses
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Initial level: | 1,193.89
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Pricing date: | Aug. 17
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Settlement date: | Aug. 22
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Agents: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48125XP34
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