By Jennifer Chiou
New York, Dec. 26 - JPMorgan Chase & Co. priced $446,000 of 0% notes due March 26, 2014 linked to the performance of the dollar relative to the Israeli new shekel, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity for each $1,000 principal amount note will be $980 plus an additional amount.
If the dollar appreciates by at least 5% relative to the shekel, the additional amount will equal the digital amount, which will be $136.50 per $1,000 principal amount.
If the dollar appreciates by less than 5% or depreciates relative to the shekel, the additional amount will be zero.
Investors will receive at least $980 and up to a maximum payment of $1,116.50 per note.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying currency: | Dollar relative to Israeli new shekel
|
| Amount: | $446,000
|
| Maturity: | March 26, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 98% of par plus an additional amount of (a) $136.50 per note if dollar appreciates by at least 5% relative to the shekel or (b) zero if dollar appreciates by less than 5% or depreciates relative to the shekel; floor of 98% of par
|
| Initial spot rate: | 3.5120 shekels per dollar
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48126NTN7
|
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