By Jennifer Chiou
New York, Sept. 25 - JPMorgan Chase & Co. priced $1 million of autocallable contingent interest notes due Oct. 16, 2014 linked to Sodastream International Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 15.15% if Sodastream shares close at or above the 60% barrier level on a quarterly review date.
The notes will be called at par plus the contingent coupon if Sodastream shares close at or above the initial price on any review date other than the final one.
If the notes have not been called and the stock finishes at or above the barrier level, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying stock: | Sodastream International Ltd. (Symbol: SODA)
|
| Amount: | $1 million
|
| Maturity: | Oct. 16, 2014
|
| Coupon: | 15.15% per year, payable quarterly if Sodastream stock closes at or above barrier price on review date for that interest period; otherwise, no coupon will be paid for that interest period
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon unless Sodastream shares finish below trigger price, in which case investors share fully in losses
|
| Call: | At par plus contingent coupon if Sodastream shares close at or above initial price on any quarterly call date
|
| Initial price: | $65.61
|
| Barrier level: | $39.366, 60% of initial price
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126NUV7
|
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