By Jennifer Chiou
New York, Oct. 4 - JPMorgan Chase & Co. priced $1.06 million of 0% notes due April 5, 2012 linked to the euro and gold, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are bearish on the euro and bullish on gold. The currency return will be positive if the euro depreciates relative to the dollar, and the commodity return will be positive if the price of gold appreciates.
The payout at maturity will be 98% of par plus the additional amount, which cannot be less than zero or more than $1,000 per $1,000 principal amount of notes. The additional amount will be the currency return or the commodity return, whichever is less.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Notes
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Underlying components: | The euro and gold
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Amount: | $1.06 million
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Maturity: | April 5, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | 98% of par plus the additional amount, which will be the lesser of the currency return and the commodity return; additional amount cannot be less than zero or more than $1,000 per $1,000 principal amount of notes; currency return will be positive if euro depreciates relative to dollar
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Initial levels: | 1.3433 dollars per euro and $1,620 per troy ounce of gold
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48125X5K8
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