By E. Janene Geiss
Philadelphia, Dec. 29 - JPMorgan Chase & Co. priced $2.14 million of 0% buffered return optimization securities due Dec. 31, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the share price, up to a maximum gain of 25.75%.
Investors will receive par if the share price falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the underwriter, and UBS Financial Services Inc. is the placement agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return optimization securities
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $2,142,460
|
| Maturity: | Dec. 31, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any share price gain, capped at 25.75%; par for losses of 15% or less; exposure to losses beyond 15%
|
| Initial share price: | $38.12
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 30
|
| Underwriter: | J.P. Morgan Securities LLC with UBS Financial Services Inc. as placement agent
|
| Fees: | 2%
|
| Cusip: | 48126B822
|
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