By Jennifer Chiou
New York, Nov. 12 – JPMorgan Chase & Co. priced $5,307,000 of 0% contingent absolute return autocallable optimization securities due Nov. 16, 2015 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 12.35% per year if Halliburton shares close at or above the initial share price on any observation date, which occurs every quarter.
If the notes are not called and Halliburton shares finish at or above the trigger price, 77.5% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | Halliburton Co. (Symbol: HAL)
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| Amount: | $5,307,000
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| Maturity: | Nov. 16, 2015
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to share price decline
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| Call: | Automatically at par plus 12.35% per year if Halliburton shares close at or above initial share price on any observation date, which occurs every quarter
|
| Initial share price: | $53.86
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| Trigger price: | $41.74, 77.5% of initial price
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| Pricing date: | Nov. 7
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| Settlement date: | Nov. 13
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48127P861
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