By Susanna Moon
Chicago, Dec. 30 – JPMorgan Chase & Co. priced $344,000 0% capped buffered return enhanced notes due Dec. 30, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.75 times any gain in the fund, up to a maximum return of 20%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying fund: | iShares MSCI Emerging Markets ETF
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Amount: | $344,000
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Maturity: | Dec. 30, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 175% of any gain in the fund, capped at 20%; par for losses up to 10%; 1% loss for every 1% drop beyond 10%
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Initial level: | $39.02
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Pricing date: | Dec. 23
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Settlement date: | Dec. 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.387%
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Cusip: | 48127DZ68
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