By Angela McDaniels
Tacoma, Wash., Dec. 13 - JPMorgan Chase & Co. priced $1 million of 0% capped contingent buffered equity notes due Dec. 30, 2014 linked to the common stock of McDermott International, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The strike price is $8.07, which is an average of the per-share price of certain intraday trades in McDermott stock on the pricing date, as determined by the calculation agent.
If the final share price is greater than the strike price, the payout at maturity will be par plus the stock return, subject to a maximum return of 20%.
If the final share price is less than the strike price by up to 38%, the payout will be par.
If the final share price is less than the strike price by more than 38%, investors will lose 1% for every 1% that the final share price is less than the strike price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered equity notes
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| Underlying stock: | McDermott International, Inc. (Symbol: MDR)
|
| Amount: | $1 million
|
| Maturity: | Dec. 30, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than strike price, par plus stock return, capped at 20%; if final share price is less than strike price by up to 38%, par; otherwise, 1% loss for every 1% that final share price is less than strike price
|
| Strike price: | $8.07, or average of per-share price of some intraday trades on pricing date
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| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48126NM61
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