New York, Dec. 24 – JPMorgan Chase & Co. priced $1.10 million of 0% capped index knock-out notes due Jan. 6, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index closes below the initial index level by more than 20% on any day during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the contingent digital return of 8.75%.
Otherwise, investors will receive par plus the index return, with exposure to any losses and any gains capped at 8.75%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped index knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,095,000
|
| Maturity: | Jan. 6, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index never dips below knock-out level, par plus 8.75%; otherwise, exposure to any losses and any gains capped at 8.75%
|
| Knock-out level: | 80% of initial level
|
| Pricing date: | Dec. 19
|
| Settlement date: | Dec. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127D4D7
|
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