By Angela McDaniels
Tacoma, Wash., Oct. 28 - JPMorgan Chase & Co. priced $228,000 of 0% notes due Oct. 31, 2016 linked to the J.P. Morgan Alternative Index Multi-Strategy 5 (USD), according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of the index return, subject to a floor of par.
The index is a notional rules-based proprietary index that tracks the return of 26 alternative investment strategies covering different styles and asset classes in order to seek to generate positive performance with a low correlation to traditional asset classes. It also seeks to cap its volatility at 5% or less.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | J.P. Morgan Alternative Index Multi-Strategy 5 (USD)
|
| Amount: | $228,000
|
| Maturity: | Oct. 31, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 130% of index return, subject to floor of par
|
| Initial index level: | 103.37
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 7.950%, including 4.336% for selling concessions
|
| Cusip: | 48124AM46
|
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