By Marisa Wong
Morgantown, W.Va., Jan. 7 – JPMorgan Chase & Co. priced $3.86 million of 0% buffered return optimization securities due Dec. 29, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 1.5 times any gain in the index, up to a maximum return of 32.6%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.46 million
|
| Maturity: | Dec. 29, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum return of 32.6%; par if index falls by up to 10%; 1% loss for every 1% that index declines beyond 10%
|
| Initial level: | 3,314.28
|
| Pricing date: | Dec. 29
|
| Settlement date: | Dec. 31
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 0.5%
|
| Cusip: | 48127Y110
|
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