By Marisa Wong
Madison, Wis., May 18 – JPMorgan Chase & Co. priced $6.39 million of 0% review notes due May 17, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 11.5% per year if the index closes at or above its initial level on any of three annual review dates beginning on May 20, 2016.
The payout at maturity will be par unless the index falls by more than the contingent buffer of 10%, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $6.39 million
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| Maturity: | May 17, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless the index falls by more than the contingent buffer of 10%, in which case investors will be fully exposed to any losses
|
| Call: | Automatically at par plus a premium of 11.5% per year if the index closes at or above its initial level on any of three annual review dates beginning May 20, 2016
|
| Initial level: | 3,602.22
|
| Pricing date: | May 14
|
| Settlement date: | May 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48125USD5
|
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