By Toni Weeks
San Diego, Dec. 31 - JPMorgan Chase & Co. priced $4.93 million 0% notes due March 29, 2018 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return.
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 and UBS Financial Services Inc. is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Notes
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Underlying index: | JPMorgan ETF Efficiente 5 index
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Amount: | $4,932,000
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Maturity: | March 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return, subject to minimum payout of par
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Initial index level: | 118.09
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Pricing date: | Dec. 26
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Settlement date: | Dec. 31
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Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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Fees: | 3.8%
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Cusip: | 48126DKE8
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