By Marisa Wong
Madison, Wis., Dec. 30 – JPMorgan Chase & Co. priced $5.2 million of 0% trigger Performance Leveraged Upside Securities due Jan. 2, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus double the gain, up to a maximum return of 70%.
If the index falls by up to the 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $5.2 million
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| Maturity: | Jan. 2, 2018
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, return capped at 70%; par if index falls by 15% or less; otherwise, full exposure to any losses
|
| Initial index level: | 3,192.47
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| Trigger level: | 2,713.5995, 85% of the initial level
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.15%
|
| Cusip: | 48127P317
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