By Marisa Wong
Madison, Wis., March 19 - JPMorgan Chase & Co. priced $935,000 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 double the stock return, subject to a maximum return of 32.5%.
If the final share price is less than the initial price by up to 10%, the payout will be par.
If the final share price is less than the initial price by more than 10%, investors will lose 1% for every 1% that the final share price is less than the initial 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: | $935,000
|
| Maturity: | April 1, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than initial share price, par plus double stock return, subject to a maximum return of 32.5%; if final share price is less than initial price by up to 10%, par; if final share price is less than initial price by more than 10%, 1% loss for every 1% that final share price is less than initial price
|
| Initial price: | $34.09
|
| Pricing date: | March 17
|
| Settlement date: | March 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127DBW7
|
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