By Jennifer Chiou
New York, March 24 – JPMorgan Chase & Co. priced $3,077,000 of 0% capped knock-in return enhanced notes due June 22, 2016 linked to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if the index closes below the 95% knock-in level on any day during the life of the notes.
If the index finishes above the initial level and a knock-in event has not occurred, the payout will be par plus 200% of the index gain, capped at 22.26%.
If the index gains and a knock-in event has occurred, the payout at maturity will be par plus 300% of the gain, capped at 33.39%.
If the final level is equal to the initial level, the payout will be par.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped knock-in return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,077,000
|
| Maturity: | June 22, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level and knock-in event has not occurred, par plus 200% of the index gain, capped at 22.26%; if index gains and a knock-in event has occurred, par plus 300% of the gain, capped at 33.39%; otherwise, full exposure to losses
|
| Initial price: | 3,726.07
|
| Knock-in level: | 95% of initial level
|
| Knock-in event: | Index closes below the 95% knock-in level on any day during the life of the notes
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.16%
|
| Cusip: | 48125UJX1
|
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