By Angela McDaniels
Tacoma, Wash., April 6 – JPMorgan Chase & Co. priced $420,000 of 0% capped optimal entry return enhanced notes due July 7, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The lookback level will be the index’s lowest closing level during the lookback observation period, which began on the pricing date and will end on May 4.
If the final index level is greater than the lookback index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 17.2%. If the final index level is less than the lookback level, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped optimal entry return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $420,000
|
| Maturity: | July 6, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than lookback index level, par plus 200% of index return, subject to maximum return of 17.2%; if final index level is less than lookback level, full exposure to decline
|
| Lookback index level: | Index’s lowest closing level from pricing date through May 4
|
| Pricing date: | April 2
|
| Settlement date: | April 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.16%
|
| Cusip: | 48125UMG4
|
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