By Marisa Wong
Morgantown, W.Va., Feb. 11 – JPMorgan Chase & Co. priced $1.25 million of 0% capped buffered return enhanced notes due June 14, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 25.16%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
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: | $1.25 million
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Maturity: | June 14, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain, capped at 25.16%; par if the index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
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Initial index level: | 2,736.50
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Pricing date: | Feb. 9
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Settlement date: | Feb. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.16%
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Cusip: | 48128GMX5
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