By Toni Weeks
San Luis Obispo, Calif., Aug. 13 - JPMorgan Chase & Co. priced $535,000 of 0% capped single observation index knock-out notes due Aug. 27, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 11.35% from the initial level on the Aug. 22, 2014 observation date.
If a knock-out event does not occur, the payout at maturity is par plus the 9.4% contingent digital return.
If a knock-out event occurs, the payout is par plus the index return, with full exposure to losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped single observation index knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $535,000
|
| Maturity: | Aug. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 11.35% on Aug. 22, 2014, par plus index return; otherwise, par plus 9.4%
|
| Initial index level: | 2,825.62
|
| Knock-out buffer: | 11.35% of initial level
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126NND5
|
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