By Toni Weeks
San Luis Obispo, Calif., May 8 - JPMorgan Chase & Co. priced $37.2 million of 0% return notes due Feb. 10, 2015 linked to the performance of the Stoxx Europe 600 Basic Resources index converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the index return multiplied by (c) 100.8%.
Because the participation rate is 100.8%, the payout will be less than par if the underlying return is less than negative 0.79365%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying index: | Stoxx Europe 600 Basic Resources index, converted into dollars
|
| Amount: | $37.2 million
|
| Maturity: | Feb. 10, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (a) $1,000 multiplied by (b) one plus index return multiplied by (c) 100.8%
|
| Initial index level: | 569.790035, which is based on the index's 408.95 closing level and the 1.3933 spot rate on the pricing date
|
| Final index level: | The closing level of the index multiplied by the spot rate on Feb. 5, 2015
|
| Pricing date: | May 6
|
| Settlement date: | May 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48127DHF8
|
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