By Toni Weeks
San Luis Obispo, Calif., Jan. 30 – JPMorgan Chase & Co. priced $4.6 million of 0% capped buffered return enhanced notes due Aug. 2, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, subject to a maximum return of 19%.
Investors will receive par if the fund declines by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $4,602,000
|
| Maturity: | Aug. 2, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in the fund, subject to maximum return of 19%; par if fund declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | $61.36
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48125UAD4
|
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