By Susanna Moon
Chicago, July 15 – JPMorgan Chase & Co. priced $4.75 million of 0% contingent buffered equity notes due Jan. 13, 2016 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 return.
If the index falls by up to the 13.6% contingent buffer, 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: | $4.75 million
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Maturity: | Jan. 13, 2016
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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; par if index falls by up to 13.6%; otherwise, full exposure to any losses
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Initial level: | 141.2
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Contingent buffer: | 13.6%
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Pricing date: | July 11
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Settlement date: | July 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48127DSG4
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