By Susanna Moon
Chicago, Aug. 12 – JPMorgan Chase & Co. priced $2.43 million of 0% capped dual directional contingent buffered equity notes due Aug. 26, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the index return, up to a maximum return of 12.4%.
If the index falls by up to 12.4%, the payout will be par plus the absolute value of the index return.
Otherwise, 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: | Capped dual directional contingent buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2.43 million
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| Maturity: | Aug. 26, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return, capped at 12.4%; if index falls by up to 12.4%, par plus absolute value of index return; otherwise, full exposure to any losses
|
| Initial index level: | 3,006.83
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| Contingent buffer: | 12.4%
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| Pricing date: | Aug. 8
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| Settlement date: | Aug. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48127DWL8
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