By Angela McDaniels
Tacoma, Wash., Aug. 1 – JPMorgan Chase & Co. priced $3.08 million of 0% trigger performance securities due July 31, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the MSCI EAFE index with a 60% weight and the Euro Stoxx 50 index with a 40% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus 155.65% of the basket return.
If the basket return is zero or negative and the basket’s final level is equal to or greater than the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the basket from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger performance securities
|
| Underlying indexes: | MSCI EAFE (60% weight) and Euro Stoxx 50 (40% weight)
|
| Amount: | $3,081,200
|
| Maturity: | July 31, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket return is positive, par plus 155.65% of basket return; if basket return is zero or negative and basket’s final level is equal to or greater than trigger level, par; if final level is less than trigger level, full exposure to decline in basket from initial level
|
| Initial index levels: | 1,960.89 for MSCI EAFE and 3,190.54 for Euro Stoxx 50
|
| Trigger level: | 75% of initial basket level
|
| Pricing date: | July 29
|
| Settlement date: | July 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 481246692
|
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