By Susanna Moon
Chicago, June 8 – JPMorgan Chase & Co. priced $1.5 million of autocallable contingent interest notes due June 7, 2018 linked to the worst performing of the Russell 2000 index, the iShares MSCI EAFE exchange traded fund and the SPDR Euro Stoxx 50 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a continent monthly coupon at an annual rate of 8% if each component closes at or above its barrier share price, 70% of its initial share price, on the review date for that month.
The notes will be called at par plus the coupon if each component closes at or above its initial level on any quarterly review date.
The payout at maturity will be par plus the contingent coupon unless any component finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlyings: | Russell 2000 index, iShares MSCI EAFE ETF and the SPDR Euro Stoxx 50 ETF
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Amount: | $1.5 million
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Maturity: | June 7, 2018
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Coupon: | 8% annualized per month that each component closes at or above barrier level on review date for that month
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Price: | Par
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Payout at maturity: | Par plus contingent coupon unless any component finishes below barrier level, in which case full exposure to any losses of the worst performing component
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Call: | At par plus contingent coupon if each component closes at or above initial share price on any quarterly review date
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Coupon barriers: | 70% of initial levels
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Trigger levels: | 65% of initial levels
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Pricing date: | June 3
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Settlement date: | June 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.65%
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Cusip: | 48125UVU3
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