By Jennifer Chiou
New York, Dec. 12 – JPMorgan Chase & Co. priced $1.88 million of contingent coupon callable yield notes due Dec. 16, 2016 linked to EOG Resources, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of 12.75% annualized if EOG Resources stock closes at or above its coupon barrier level, 70% of the initial level, on any quarterly observation date.
The notes will are callable at par plus the contingent coupon on any interest payment date other than the final date.
The payout at maturity will be par unless EOG Resources stock finishes below its 70% barrier level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Contingent coupon callable yield notes
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| Underlying stock: | EOG Resources, Inc. (NYSE: EOG)
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| Amount: | $1.88 million
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| Maturity: | Dec. 16, 2016
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| Coupon: | 12.75%, payable quarterly if EOG Resources stock closes at or above its coupon barrier level on observation date for quarter
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| Price: | Par
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| Payout at maturity: | If stock falls below knock-in level, par plus return; otherwise, par
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| Call option: | At par plus coupon on any interest payment date other than the final date
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| Initial level: | $86.79
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| Barrier level: | $60.753, 70% of initial level
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| Pricing date: | Dec. 10
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| Settlement date: | Dec. 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48127D2V9
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