By Angela McDaniels
Tacoma, Wash., April 6 – JPMorgan Chase & Co. priced $1.75 million of 0% capped index knock-out notes due April 20, 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 closes below the initial index level by more than 20% on any day during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus 9%. Otherwise, investors will receive par plus the index return, with any gains capped at 9% and with full exposure to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped index knock-out notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.75 million
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Maturity: | April 20, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If knock-out event does not occur, par plus 9%; otherwise, par plus index return, with any gains capped at 9% and with full exposure to any losses
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Knock-out event: | Index closes below initial index level by more than 20% on any day during life of notes
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Initial index level: | 3,715.27
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Pricing date: | April 8
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Settlement date: | April 15
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48125UML3
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