By Toni Weeks
San Luis Obispo, Calif., April 10 – JPMorgan Chase & Co. priced $2.67 million of 0% capped buffered return enhanced notes due Aug. 11, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, up to a maximum return of 17.625%. Investors will receive par if the index falls by up to 10% and will lose 11111% 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 Aug. 8, 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: | $2.67 million
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Maturity: | Aug. 11, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.5 times index return, up to maximum return of 17.625%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
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Initial index level: | 3,742.63
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Pricing date: | April 8
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Settlement date: | April 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.12%
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Cusip: | 48125UNK4
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