By Jennifer Chiou
New York, Nov. 21 – JPMorgan Chase & Co. priced $7,723,720 of 0% Performance Leveraged Upside Securities due Dec. 24, 2015 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 21%.
Investors will be fully exposed to any decline in the index.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx Banks
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Amount: | $7,723,720
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Maturity: | Dec. 24, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, return capped at 21%; full exposure to losses
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Initial level: | 137.16
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Pricing date: | Nov. 19
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Settlement date: | Nov. 24
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Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management
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Fees: | 2.2%
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Cusip: | 48127P713
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