By Jennifer Chiou
New York, March 27 – JPMorgan Chase & Co. priced $2,954,000 of 0% capped buffered enhanced participation equity notes due Nov. 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,202.50 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,954,000
|
| Maturity: | Nov. 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, up to maximum return of 20.25%; par if index falls by 10%; 1.1111% loss for each 1% index decline beyond 10%
|
| Initial index level: | 3,684.04
|
| Pricing date: | March 25
|
| Settlement date: | April 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48125UKG6
|
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