By Susanna Moon
Chicago, Nov. 1 - JPMorgan Chase & Co. priced $379,000 of contingent interest notes due Oct. 31, 2018 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a coupon of 0.75% if the index level on any annual interest review date is at or above the initial index level. Interest is payable annually.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index less a fee of 0.5% per year that accrues daily.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent interest notes
|
| Underlying index: | JPMorgan ETF Efficiente 5 index
|
| Amount: | $379,000
|
| Maturity: | Oct. 31, 2018
|
| Coupon: | 0.75% if index level on any annual interest review date is at or above initial level; payable annually
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, floor of par
|
| Initial index level: | 116.11
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 5.67%, including 3.331% for selling concessions
|
| Cusip: | 48126DBC2
|
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