By Toni Weeks
San Luis Obispo, Calif., Jan. 30 – JPMorgan Chase & Co. priced $8.55 million of 0% trigger return optimization securities due Jan. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum return of 50%.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger return optimization securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,554,000
|
| Maturity: | Jan. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 50%; par if index finishes at or above 75% of initial level and at or below initial level; otherwise, full exposure to index’s decline
|
| Initial index level: | 3,358.96
|
| Trigger level: | 2,519.22, 75% of initial level
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48127P150
|
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