By Angela McDaniels
Tacoma, Wash., Feb. 4 - JPMorgan Chase & Co. priced $1.08 million of 0% capped contingent buffered return enhanced notes due Feb. 19, 2015 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 1.5 times the stock return, subject to a maximum return of 21%.
If the final share price is less than the initial share price by up to 20%, the payout will be par.
If the final share price is less than the initial share price by more than 20%, investors will lose 1% for every 1% that the final share price is less than the initial share price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $1,075,000
|
| Maturity: | Feb. 19, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than initial share price, par plus 150% of stock return, capped at 21%; if final share price is less than initial share price by up to 20%, par; otherwise, 1% loss for every 1% that final share price is less than initial share price
|
| Initial share price: | $500.60
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126N3C9
|
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