By Susanna Moon
Chicago, Oct. 7 – JPMorgan Chase & Co. priced $5.5 million of 0% return enhanced notes due Oct. 14, 2016 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 1.62 times any gain in the stock.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Return enhanced notes
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| Underlying stock: | General Electric Co. (NYSE: GE)
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| Amount: | $5.5 million
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| Maturity: | Oct. 14, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 162% of any stock gain; exposure to any losses
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| Initial level: | $25.40
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48127DJ82
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