By Marisa Wong
Madison, Wis., March 29 - JPMorgan Chase & Co. priced $1.63 million of 0% notes due Sept. 30, 2015 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus an additional amount equal to 105% times the index return, provided the additional amount is not less than zero.
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: | Notes
|
| Underlying index: | JPMorgan ETF Efficiente 5 index
|
| Amount: | $1,629,000
|
| Maturity: | Sept. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 105% times the index return, minimum payout of par
|
| Initial index level: | 111.34
|
| Pricing date: | March 27
|
| Settlement date: | March 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.09%
|
| Cusip: | 48125VPW4
|
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