New York, July 7 – JPMorgan Chase & Co. priced $11.65 million of 0% review notes due July 20, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 15.5% per year if the index closes at or above its initial level on any of four quarterly review dates beginning on Oct. 15.
The payout at maturity will be par unless the index falls by more than the contingent buffer of 20%, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Review notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $11,651,000
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| Maturity: | July 20, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless the index falls by more than the contingent buffer of 20%, in which case investors will be fully exposed to any losses
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| Call: | Automatically at par plus an annualized premium of 15.5% if the index closes at or above its initial level on any of four quarterly annual review dates beginning on Oct. 15
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| Initial level: | 3,496.28
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| Pricing date: | July 1
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| Settlement date: | July 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48125UYX4
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