By Susanna Moon
Chicago, Sept. 1 – JPMorgan Chase & Co. priced $3.54 million of 0% enhanced participation notes due March 2, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus double any basket gain, up to a maximum payout of $1,258 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $3.54 million
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Maturity: | March 2, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% any basket gain, capped at 25.8%; exposure to any losses
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Pricing date: | Aug. 27
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Settlement date: | Sept. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.33%
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Cusip: | 48125UN99
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