By Susanna Moon
Chicago, Dec. 31 - JPMorgan Chase & Co. priced $204,000 of notes due Dec. 31, 2018 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 115% times any index gain.
If the index falls, the payout will be par.
The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index less a fee of 0.5% per year that accrues daily.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | JPMorgan ETF Efficiente 5 index
|
| Amount: | $204,000
|
| Maturity: | Dec. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any index gain, floor of par
|
| Initial index level: | 118.36
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 5.37%, including 3.45% for selling concessions
|
| Cusip: | 48126DKC2
|
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