By Susanna Moon
Chicago, May 22 - JPMorgan Chase & Co. priced $1 million of 0% capped buffered return enhanced notes due Sept. 21, 2012 linked to the Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the price of Brent crude, up to a maximum settlement amount of $1,100 for each $1,000 principal amount.
Investors will receive par if the Brent crude falls by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying asset: | Brent crude oil futures contract
|
| Amount: | $1 million
|
| Maturity: | Sept. 21, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any price gain, capped at 10%; par if Brent crude falls by up to 15%; 1% loss per 1% drop beyond 15%
|
| Initial level: | $107.14
|
| Pricing date: | May 18
|
| Settlement date: | May 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48125VUT5
|
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