By Susanna Moon
Chicago, Sept. 11 – JPMorgan Chase & Co. priced $127,000 of autocallable contingent interest notes due Jan. 31, 2017 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 8% if the fund closes at or above its coupon barrier level, 75% of its initial level, on the review date for that period.
The notes will be called at par plus the contingent coupon if the fund closes at or above its initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless the fund finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying fund: | SPDR Euro Stoxx 50 ETF
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| Amount: | $127,000
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| Maturity: | Jan. 31, 2017
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| Coupon: | 8% annualized, payable semiannually if each underlying index closes at or above coupon barrier level on review date for that period
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless fund falls below trigger level, in which case full exposure to any losses
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly review date other than final date
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| Initial level: | $40.84
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| Trigger level: | 75% of initial level
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| Pricing date: | Sept. 3
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| Settlement date: | Sept. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48126N2H9
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