By Susanna Moon
Chicago, June 10 – JPMorgan Chase & Co. priced $1.6 million of capped contingent buffered equity notes due June 22, 2016 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 plus any index gain, up to a maximum return of 17.85%.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any loses if the index falls by more than the 20% contingent buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped contingent buffered equity notes
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Underlying index: | Euro Stoxx Banks
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Amount: | $1,595,000
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Maturity: | June 22, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 17.85%; par if the index falls by up to 20%; full exposure to any losses if the index falls by more than 20%
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Initial level: | $152.87
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Contingent buffer: | 20% of initial level
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Pricing date: | June 5
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Settlement date: | June 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48125UWP3
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