By Marisa Wong
Madison, Wis., Oct. 27 – JPMorgan Chase & Co. priced $1.07 million of 6% autocallable yield notes due Jan. 27, 2016 linked to the least performing of the iShares MSCI Emerging Markets exchange-traded fund, the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par plus accrued interest if each component closes at or above its initial level on any quarterly call date.
A trigger event will occur if any component closes below its initial level by more than the 37% buffer amount on any trading day during the life of the notes.
The payout at maturity will be par unless a trigger event occurs and the return of the worst performing component is negative, in which case investors will share in losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable yield notes
|
| Underlying components: | iShares MSCI Emerging Markets exchange-traded fund, the iShares MSCI EAFE ETF and the Russell 2000 index
|
| Amount: | $1,073,000
|
| Maturity: | Jan. 27, 2016
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| Coupon: | 6%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless a trigger event occurs and the return of the worst performing component is negative, in which case investors will share in losses of the worst performing component
|
| Trigger event: | Any component closes below its initial level by more than the buffer amount on any trading day during the life of the notes
|
| Call: | At par plus accrued interest if each component closes at or above its initial level on any quarterly call date
|
| Initial levels: | 1,096.872 for index, $61.30 for EM ETF and $40.74 for EAFE ETF
|
| Buffer amounts: | 405.84264 for index, $15.0738 for EM ETF, $22.681 for EAFE ETF; 37% of initial levels
|
| Pricing date: | Oct. 22
|
| Settlement date: | Oct. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.35%
|
| Cusip: | 48127DL63
|
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