By Susanna Moon
Chicago, Oct. 31 – JPMorgan Chase & Co. priced $28,000 of 0% return notes due Jan. 29, 2016 linked to the J.P. Morgan Strategic Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return, with exposure to any losses.
Holders may request that the company repurchase their notes early at par plus the index return minus a 0.5% repurchase fee. The issuer said it intends to accept all requests for repurchase but is not obligated to do so.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Return notes
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| Underlying index: | J.P. Morgan Strategic Volatility index
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| Amount: | $28,000
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| Maturity: | Jan. 29, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus index return
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| Repurchase option: | At par plus index return minus 0.5% repurchase fee
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| Initial index level:
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| Pricing date: | Oct. 28
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| Settlement date: | Oct. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48127DG85
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