By Susanna Moon
Chicago, Sept. 1 – JPMorgan Chase & Co. priced $1.43 million of 0% autocallable contingent buffered return enhanced notes due Aug. 30, 2018 linked to the Euro Stoxx 50 ex Financials index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus the 10% call premium if the index closes above its 110% call level on the review date of Feb. 27, 2017.
The payout at maturity will be par plus double any gain in the index.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50 ex Financials
|
| Amount: | $1,429,000
|
| Maturity: | Aug. 30, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2 times any gain; par if index falls by up to 25%; full exposure to any losses if the index falls by more than 25%
|
| Call: | At par plus 10% if index closes above 110% call level on Feb. 27, 2017
|
| Initial level: | 1,634.18
|
| Trigger level: | 75% of initial level
|
| Call level: | 110% of initial level
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 31
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.6%
|
| Cusip: | 48125UP63
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
