By Toni Weeks
San Luis Obispo, Calif., May 29 - JPMorgan Chase & Co. priced $4.96 million of 0% trigger step performance securities due May 31, 2017 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is zero or positive, the payout at maturity will be par of $10 plus the greater of the 18.04% step return and the fund return.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to losses from the initial level if it falls more than 20%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger step performance securities
|
| Underlying fund: | Vanguard FTSE Emerging Markets exchange-traded fund
|
| Amount: | $4,960,300
|
| Maturity: | May 31, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is zero or positive, par plus greater of fund return and 18.04%; par if fund falls by 20% or less; full exposure to losses if fund falls more than 20%
|
| Initial price: | $42.55
|
| Trigger price: | $34.04, 80% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | May 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48127E296
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
