By Susanna Moon
Chicago, Feb. 3 – JPMorgan Chase & Co. priced $2.02 million of 0% capped dual directional contingent buffered equity notes due Feb. 18, 2016 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 13.25%.
If the index falls by up to 13.25%, 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: | $2.02 million
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Maturity: | Feb. 18, 2016
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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 13.25%; if index falls by up to 13.25%, par plus absolute value of index return; otherwise, full exposure to any losses
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Initial level: | 3,351.44
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Contingent buffer: | 13.25%
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Pricing date: | Jan. 30
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Settlement date: | Feb. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48127D7G7
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