By Toni Weeks
San Luis Obispo, Calif., March 3 – JPMorgan Chase & Co. priced $5.94 million of 0% capped dual directional contingent buffered equity notes due Aug. 31, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the index return, up to a maximum return of 17.9%.
If the index falls by up to 17.9%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
The final index level will be the average of the closing index levels on the five trading days ending Aug. 26, 2016.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,935,000
|
| Maturity: | Aug. 31, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus index return, capped at 17.9%; if index falls by up to 17.9%, par plus absolute value of index return; otherwise, full exposure to any losses
|
| Initial level: | 3,599.0
|
| Contingent buffer: | 17.9%
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48125UGB2
|
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