By Susanna Moon
Chicago, April 27 - JPMorgan Chase & Co. priced $10.95 million of 0% notes due July 29, 2016 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index less a fee of 0.5% per year that accrues daily.
J.P. Morgan Securities LLC is the agent, with UBS Financial Services Inc. as a dealer.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | JPMorgan ETF Efficiente 5 index
|
| Amount: | $10.95 million
|
| Maturity: | July 29, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, floor of par
|
| Initial index level: | 111.89
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 1.64% to JPMorgan, 3% to UBS
|
| Cusip: | 48125VTK6
|
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