By Susanna Moon
Chicago, July 2 – JPMorgan Chase & Co. priced $3.46 million of 0% contingent buffered equity notes due Dec. 29, 2015 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange.
If the index finishes above the initial level, the payout at maturity will be par plus the gain.
If the index falls by up to the 87.5% trigger level, the payout will be par.
Otherwise, 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: | Contingent buffered equity notes
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Underlying index: | Euro Stoxx Banks
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Amount: | $3.46 million
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Maturity: | Dec. 29, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus return; if index falls by up to 12.5%, par; otherwise, full exposure to any losses
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Initial level: | 147.80
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Trigger level: | 87.5% of initial level
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Pricing date: | June 27
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Settlement date: | July 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48127DNK0
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