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Published on 12/16/2014 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $815,000 review notes linked to Euro Stoxx 50 index

By Jennifer Chiou

New York, Dec. 16 – JPMorgan Chase & Co. priced $815,000 of 0% review notes due Dec. 14, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 11.75% per year if the index closes at or above its initial level on any of three semiannual review dates beginning on Dec. 24, 2015.

The payout at maturity will be par unless the index falls by more than the contingent buffer of 10%, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Review notes
Underlying index:Euro Stoxx 50
Amount:$815,000
Maturity:Dec. 14, 2016
Coupon:0%
Price:Par
Payout at maturity:Par unless the index falls by more than the contingent buffer of 10%, in which case investors will be fully exposed to any losses
Call:Automatically at par plus a premium of 11.75% per year if the index closes at or above its initial level on any of three semiannual review dates beginning Dec. 24, 2015
Initial level:3,067.32
Final level:Average of index’s closing levels on five trading days ending Dec. 9, 2016
Pricing date:Dec. 12
Settlement date:Dec. 17
Agent:J.P. Morgan Securities LLC
Fees:1.5%
Cusip:48127D3B2

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