By Susanna Moon
Chicago, Sept. 1 – JPMorgan Chase & Co. priced $8.38 million of 0% trigger return optimization securities due Aug. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 47.16%.
If the index falls up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Trigger return optimization securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $8,376,820
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| Maturity: | Aug. 31, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 2 times any index gain, capped at 47.16%; par if the index falls up to trigger level; otherwise, fully exposure to any losses
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| Initial level: | 3,280.78
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| Trigger level: | 75% of initial level
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 31
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| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 2.5%
|
| Cusip: | 48127V660
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