By Jennifer Chiou
New York, Jan. 21 – JPMorgan Chase & Co. priced $960,000 of 0% capped index knock-out notes due Feb. 3, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 20% from the initial level during the life of the notes.
If a knock-out event does not occur, the payout at maturity is par plus the contingent digital return of 10.2%.
Otherwise, the payout at maturity is par plus the index return, with exposure to any losses and any gains capped at 10.2%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped index knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $960,000
|
| Maturity: | Feb. 3, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index never closes below knock-out level during life of notes, par plus 10.2%; otherwise, par plus index return, capped at 10.2%
|
| Initial index level: | 3,202.24
|
| Knock-out buffer: | 20% of initial level
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127D6F0
|
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