By Susanna Moon
Chicago, Sept. 3 - JPMorgan Chase & Co. priced $830,000 of 0% knock-out buffered notes due Sept. 1, 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 56.5% knock-out level during the life of the notes.
If the index finishes above its initial level, the payout at maturity is par plus the index gain.
If the index finishes below its initial level but a knock-out event never occurs, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Knock-out buffered notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $830,000
|
| Maturity: | Sept. 1, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus return; if index falls but never closes below knock-out level, par; otherwise, full exposure to any losses
|
| Initial index level: | 1,638.17
|
| Knock-out buffer: 56.5% of initial level
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126NPA9
|
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