By Susanna Moon
Chicago, Dec. 24 - JPMorgan Chase & Co. priced $338,000 of zero-coupon principal-protected notes due Dec. 31, 2015 linked to the JPMorgan Efficiente (USD) index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive at least par.
The index is a notional dynamic basket that tracks the excess returns of a portfolio of nine indexes above the JPMorgan Cash Index USD 3 Month. It is based on the "modern portfolio theory" approach to asset allocation, which suggests how a rational investor should allocate his capital across the available universe of assets to maximize return for a given risk appetite.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Principal-protected notes
|
| Underlying index: | JPMorgan Efficiente (USD) index
|
| Amount: | $338,000
|
| Maturity: | Dec. 31, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; floor of par
|
| Initial index level: | 101.61
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 6.772%, including selling concession of 3.732%
|
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