By Jennifer Chiou
New York, March 9 - JPMorgan Chase & Co. amended the issue amount of its 0% Brazilian real-denominated knock-out notes due March 8, 2012 tied to the Bovespa index to R$8.19 million from R$8.2 million, according to a 424B8 filing with the Securities and Exchange Commission.
The notes are real-denominated, but all payments will be made in dollars.
A knock-out event occurs if the index closes above 121% of its initial level on any day during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the index return, subject to a floor of par.
Otherwise, investors will receive par plus 5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Knock-out notes
|
| Underlying index: | Bovespa
|
| Amount: | R$8,185,000 ($4,972,056.86)
|
| Maturity: | March 8, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index never closes above 121% of initial level, par plus index gain, with floor of par; otherwise, par plus 5%
|
| Initial level: | 68,012.10
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125XGV2
|
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