By Susanna Moon
Chicago, Aug. 12 – JPMorgan Chase & Co. priced $1.68 million of 0% return enhanced notes due Sept. 11, 2015 linked to a Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus double any gain in the price of crude, up to a maximum return of 13%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return enhanced notes
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| Underlying asset: | Brent crude oil futures contract
|
| Amount: | $1.68 million
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| Maturity: | Sept. 11, 2015
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 200% of any crude gain, capped at 13%; exposure to any losses
|
| Initial level: | $105.02
|
| Pricing date: | Aug. 8
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| Settlement date: | Aug. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48127DUV8
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