By Marisa Wong
Madison, Wis., May 7 - JPMorgan Chase & Co. priced $110,000 of 0% capped contingent buffered equity notes due May 21, 2014 linked to the common stock of Occidental Petroleum Corp., 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 the stock return, subject to a maximum return of 27.55%.
If the stock finishes flat or falls by up to 20%, the payout will be par.
If the final share price is less than the initial share price by more than 20%, investors will lose 1% for every 1% that the final share price is less than the initial share price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered equity notes
|
| Underlying stock: | Occidental Petroleum Corp. (Symbol: OXY)
|
| Amount: | $110,000
|
| Maturity: | May 21, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than initial share price, par plus stock return, capped at 27.55%; if final share price is equal to or less than initial share price by up to 20%, par; otherwise, 1% loss for every 1% that final share price is less than initial share price
|
| Initial price: | $90.76
|
| Pricing date: | May 3
|
| Settlement date: | May 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126D3T4
|
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