By Toni Weeks
San Diego, April 27 - JPMorgan Chase & Co. priced $5.19 million of 0% buffered Performance Leveraged Upside Securities due Oct. 25, 2012 linked to the iShares MSCI Brazil index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum payment of $11.875 per $10.00 principal amount.
Investors will receive par if the fund falls by up to 10% and will be exposed to any decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Brazil index fund
|
| Amount: | $5,188,630
|
| Maturity date: | Oct. 25, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain, up to a maximum of $11.875 per $10.00 note; exposure to declines beyond 10%
|
| Initial price: | $78.17
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 46634X278
|
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