By Toni Weeks
San Luis Obispo, Calif., March 13 – JPMorgan Chase & Co. priced $2 million of 0% contingent buffered equity notes due Sept. 15, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the index declines by up to 21%, the payout will be par. If the index declines by more than 21%, investors will be fully exposed to the decline.
The final index level will be the average of the closing index levels on the five trading days ending Sept. 12, 2016.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2 million
|
| Maturity: | Sept. 15, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return; if index declines by up to 21%, par; if index declines by more than 21%, full exposure to decline
|
| Initial index level: | 3,649.54
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48125UJP8
|
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