By Marisa Wong
Madison, Wis., May 30 - JPMorgan Chase & Co. priced $1.95 million of 0% dual directional contingent buffered return enhanced notes due Dec. 1, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.25 times the index return.
If the index return is zero or negative but not less than negative 21%, the payout will be par plus 50% of the absolute value of the index return.
Investors will be fully exposed to losses from the initial level if the index falls by more than 21%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Dual directional contingent buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,945,000
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Maturity date: | Dec. 1, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than the initial index level, par plus 1.25 times the index return; if index return is zero or negative but not less than negative 21%, par plus 50% of the absolute value of the index return; otherwise, investors will be fully exposed to losses from the initial
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Initial level: | 3,244.28
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Pricing date: | May 27
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Settlement date: | May 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48127DJZ2
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