By Marisa Wong
Madison, Wis., July 16 – JPMorgan Chase & Co. priced $2.8 million of 0% trigger Performance Leveraged Upside Securities due July 18, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus double the gain, up to a maximum return of 25%.
If the index falls by up to the 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2.8 million
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| Maturity: | July 18, 2017
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 25%; par if index falls by up to 15%; full exposure to any losses if index finishes below trigger level
|
| Initial index level: | 3,590.43
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| Trigger level: | 3,051.8655, 85% of the initial price
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| Pricing date: | July 14
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| Settlement date: | July 17
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| Agent: | J.P. Morgan Securities LLC with distribution through Morgan Stanley Smith Barney LLC
|
| Fees: | 2.5%
|
| Cusip: | 48127V603
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