By Angela McDaniels
Tacoma, Wash., Dec. 2 - JPMorgan Chase & Co. priced $2.93 million of 0% capped market plus notes due Dec. 12, 2011 linked to the price of palladium, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price of palladium is less than 70% of the initial price, the payout at maturity will be par plus the palladium return. Otherwise, the payout will be par plus the greater of 5% and the palladium return.
In each case, the return will be subject to a 20.25% cap.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped market plus notes
|
| Underlying commodity: | Palladium
|
| Amount: | $2.93 million
|
| Maturity: | Dec. 12, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final price of palladium is less than 70% of initial price, par plus palladium return; otherwise, par plus greater of 5% and palladium return; return capped at 20.25% in all cases
|
| Initial palladium price: | $702.00
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48124A3J4
|
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