By Toni Weeks
San Luis Obispo, Calif., Oct. 11 - JPMorgan Chase & Co. priced $345,000 of 0% capped buffered equity notes due Oct. 15, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus the fund return, up to a maximum payment of $1,162.50 per $1,000 of notes.
Investors will receive par if the fund falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $345,000
|
| Maturity: | Oct. 15, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, capped at 16.25%; par if fund falls by up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial price: | $41.67
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126NVP9
|
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