By Susanna Moon
Chicago, Sept. 24 - JPMorgan Chase & Co. priced $1.73 million of 7.4% autocallable yield notes due Sept. 24, 2013 linked to the iShares MSCI Emerging Markets index fund and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each underlying closes at or above its initial level on Dec. 19, March 20, 2013 or June 19, 2013.
A trigger event occurs if either component closes below 59% of the initial level during the life of the notes.
The payout at maturity will be par unless any underlying finishes below its initial level and a trigger event has occurred, in which case investors will lose 1% for every 1% that the worst-performing underlying declines below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | iShares MSCI Emerging Markets index fund and Russell 2000 index
|
| Amount: | $1,727,000
|
| Maturity: | Sept. 24, 2013
|
| Coupon: | 7.4%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If any underlying finishes below its initial level and a trigger event has occurred, full exposure to decline of worst-performing underlying; otherwise, par
|
| Trigger event: | Either component falls by more than buffer amount during life of notes
|
| Call: | At par if each underlying closes at or above its initial level on Dec. 19, March 20, 2013 and June 19, 2013
|
| Initial levels: | $41.93 for EM fund and 856.08 for Russell
|
| Buffer amounts: | $17.1913 for EM fund and 350.9928 for Russell; 41% of initial levels
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.161%, including 2.35% for selling concessions
|
| Cusip: | 48125V5Z9
|
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