By Jennifer Chiou
New York, Dec. 2 - JPMorgan Chase & Co. priced $14,175,290 of 0% trigger autocallable optimization securities due Nov. 30, 2015 linked to the Russell 2000 index with a 30% weight, the Euro Stoxx 50 index with a 40% weight and the MSCI Emerging Markets index with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus at an annualized call return of 8% if the basket closes at or above the initial level on any quarterly observation date.
The payout at maturity will be par unless the basket finishes below the 80% trigger level, in which case investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying indexes: | Russell 2000 (30% weight), Euro Stoxx 50 (40% weight) and MSCI Emerging Markets index (30% weight)
|
| Amount: | $14,175,290
|
| Maturity: | Nov. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par if basket finishes at or above trigger price; otherwise, full exposure to basket decline
|
| Call: | Automatically at par plus 8% per year if basket closes at or above initial level on any quarterly observation date beginning on Feb. 26
|
| Trigger level: | 80% of initial level
|
| Pricing date: | Nov. 26
|
| Settlement date: | Nov. 29
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48127A658
|
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