By Susanna Moon
Chicago, June 18 – JPMorgan Chase & Co. priced $9.36 million of 8.1% airbag autocallable yield optimization notes due June 18, 2015 linked to Western Refining Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if Western Refining shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Western Refining shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Airbag autocallable yield optimization notes
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| Underlying stock: | Western Refining Inc. (Symbol: WNR)
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| Amount: | $9,355,000
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| Maturity: | June 18, 2015
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| Coupon: | 8.1%, payable monthly
|
| Price: | Par
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| Payout at maturity: | If final price is less than conversion price, Western Refining shares equal to $1,000 divided by the conversion price; otherwise, par
|
| Call: | At par if Western Refining shares close at or above initial share price on any quarterly observation date
|
| Initial price: | $40.27
|
| Conversion price: | $34.23, 85% of initial price
|
| Pricing date: | June 13
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| Settlement date: | June 18
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48127E247
|
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