New Issue: JPMorgan sells $2.24 million dual directional contingent buffered notes on Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., June 23 – JPMorgan Chase & Co. priced $2.24 million of 0% capped dual directional contingent buffered equity notes due Dec. 29, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the return, up to a maximum return of 16.8%.

If the index falls by up to 16.8%, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered equity notes
Underlying index:	Euro Stoxx 50
Amount:	$2,241,000
Maturity:	Dec. 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return, capped at 16.8%; if index falls by up to 16.8%, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	3,455.8
Final level:	Average of closing index levels on five trading days ending Dec. 23, 2016
Contingent buffer:	16.8%
Pricing date:	June 19
Settlement date:	June 24
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	48125UXP2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.