By Susanna Moon
Chicago, Nov. 5 – JPMorgan Chase & Co. priced $384,000 of 0% digital notes due Nov. 3, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus a digital return of 20.25%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Digital notes
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| Underlying fund: | iShares MSCI Emerging Markets
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| Amount: | $384,000
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| Maturity: | Nov. 3, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus 20.25%; par if fund falls by up to 10%; exposure to any losses beyond 10%
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| Initial price: | $42.15
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.1%
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| Cusip: | 48127DM62
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