By Angela McDaniels
Tacoma, Wash., Oct. 30 – JPMorgan Chase & Co. priced $9.94 million of 0% buffered return optimization securities due Oct. 31, 2017 linked to the FTSE MIB index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 150% of the index return, subject to a maximum return of 45.33%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
The FTSE MIB index is the primary benchmark index for the Italian equity markets.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | FTSE MIB
|
| Amount: | $9,936,120
|
| Maturity: | Oct. 31, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any index gain, up to 45.33% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
| Initial index level: | 19,476.62
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 481246148
|
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