By Susanna Moon
Chicago, March 5 - JPMorgan Chase & Co. priced $7.4 million of 0% dual directional Trigger Performance Leveraged Upside Securities due Sept. 3, 2015 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 150% of any index gain, up to a maximum return of 40%.
If the index falls by up to the 90% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Dual directional Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $7,400,600
|
| Maturity: | Sept. 3, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 40%; if index falls by up 10%, par plus absolute value of return; otherwise, full exposure to any losses
|
| Initial level: | 154.25
|
| Trigger level: | 138.825, 90% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 2%
|
| Cusip: | 48127E700
|
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