By Toni Weeks
San Luis Obispo, Calif., Feb. 27 – JPMorgan Chase & Co. priced $1.7 million of 0% capped buffered return enhanced notes due June 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, subject to a maximum return of 17.625%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index decline beyond the 10% buffer.
The final index level will be the average of the closing index levels on the five trading days ending June 27, 2016.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.7 million
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Maturity: | June 30, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any gain in the index, subject to maximum return of 17.625%; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10% buffer
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Initial level: | 3,541.78
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Pricing date: | Feb. 25
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Settlement date: | March 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.16%
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Cusip: | 48125UGJ5
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