By Angela McDaniels
Tacoma, Wash., Jan. 5 – JPMorgan Chase & Co. priced $2.39 million of 0% capped buffered enhanced participation notes due April 4, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 140% of the basket return, subject to a maximum payout of $1,168 for each $1,000 principal amount of notes. Investors will receive par if the basket falls by 10% or less and will lose 1.1111% for each 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $2,387,000
|
| Maturity: | April 4, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of any gain in basket, capped at 16.8%; par if basket falls by 10% or less; 1.1111% loss for every 1% that basket declines beyond 10%
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48128GGT1
|
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