By Devika Patel
Knoxville, Tenn., Jan. 4 – JPMorgan Chase & Co. priced $4.11 million of 0% Performance Leveraged Upside Securities due Feb. 2, 2017 linked to the Euro Stoxx Banks index converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level was converted into dollars from euros at the exchange rate in effect on the pricing date, and the final index level will be converted at the exchange rate then in effect.
If the final index level is greater than the initial level, the payout at maturity will be par of $10 plus 300% of the index gain, subject to a maximum payout of par plus 18.5%. If the final level is less than or equal to the initial level, investors will have one-to-one exposure to the decline.
J.P. Morgan Securities LLC is the agent. Distribution will be through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks converted into dollars
|
| Amount: | $4,109,000
|
| Maturity: | Feb. 2, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 18.5% return; full exposure to any losses
|
| Initial index level: | 140.41952 (index’s closing level on pricing date, 128.66, converted into dollars)
|
| Final index level: | Index’s closing level on Jan. 30, 2017 converted into dollars
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 48128A715
|
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