By Susanna Moon
Chicago, March 3 - JPMorgan Chase & Co. priced $7.15 million of 0% quarterly review notes due March 11, 2015 linked to the Mexican peso relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 12% if the currency finishes above its initial level on any quarterly review date.
The payout at maturity will be par if the currency finishes at or above the 90% trigger level.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Quarterly review notes
|
| Underlying currency: | Mexican peso relative to Japanese yen
|
| Amount: | $7.15 million
|
| Maturity: | March 11, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if index gains or falls by up to 10%; otherwise, full exposure to losses
|
| Call: | At par plus 12% annualized if currency finishes above its initial level on any quarterly review date beginning
|
| Initial spot rate: | 7.67153
|
| Trigger level: | 90% of the initial level
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126NUN5
|
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