By Toni Weeks
San Luis Obispo, Calif., Sept. 27 - JPMorgan Chase & Co. priced $1.77 million of 0% notes due Sept. 28, 2018 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 115% of the index return.
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 and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | JPMorgan ETF Efficiente 5 index
|
| Amount: | $1,767,000
|
| Maturity: | Sept. 28, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 115% of the return; minimum payout of par
|
| Initial index level: | 117.75
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 48126NQZ3
|
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