By Jennifer Chiou
New York, July 1 - JPMorgan Chase & Co. priced $1.78 million of 0% notes due July 3, 2019 linked to the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 160% of the index return, subject to a minimum payout of par.
The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index less a fee of 0.5% per year that accrues daily.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | JPMorgan ETF Efficiente 5
|
| Amount: | $1.78 million
|
| Maturity: | July 3, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 160% of index return, subject to minimum payout of par
|
| Initial index level: | 115.99
|
| Pricing date: | June 27
|
| Settlement date: | July 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 48126NGN1
|
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