By Angela McDaniels
Tacoma, Wash., March 17 - JPMorgan Chase & Co. priced $1 million of 0% capped contingent buffered return enhanced notes due April 1, 2015 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus two times the stock return, subject to a maximum return of 34.8%.
If the final share price is less than the initial share price by up to 10%, the payout will be par.
If the final share price is less than the initial share price by more than 10%, investors will lose 1% for every 1% that the final share price is less than the initial share price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying stock: | General Motors Co. (Symbol: GM)
|
| Amount: | $1,975,000
|
| Maturity: | April 1, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than initial share price, par plus two times stock return, subject to 34.8% cap; if final share price is less than initial share price by up to 10%, par; otherwise, 1% loss for every 1% that final share price is less than initial share price
|
| Initial share price: | $34.09
|
| Pricing date: | March 13
|
| Settlement date: | March 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127DBV9
|
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