By Marisa Wong
Madison, Wis., Dec. 24 - JPMorgan Chase & Co. priced $3.74 million of 7.1% airbag autocallable yield optimization notes due Dec. 29, 2014 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if Halliburton shares close at or above the initial price on any quarterly observation date.
The payout at maturity will be par unless the final price is less than the conversion price, in which case the payout will be a number of Halliburton shares equal to $1,000 divided by the conversion price. The conversion price is 90% of the initial price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Halliburton Co. (Symbol: HAL)
|
| Amount: | $3,743,000
|
| Maturity: | Dec. 29, 2014
|
| Coupon: | 7.1%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If final price is less than conversion price, number of Halliburton shares equal to $1,000 divided by conversion price; otherwise, par
|
| Call: | At par if Halliburton shares close at or above initial share price on any quarterly observation date
|
| Initial price: | $50.54
|
| Conversion price: | $45.49, 90% of initial price
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48127A492
|
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