By Toni Weeks
San Luis Obispo, Calif., May 30 - JPMorgan Chase & Co. priced $1.5 million of 0% capped buffered return enhanced notes due May 29, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, subject to a maximum return of 16%.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 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 index: | Russell 2000
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Amount: | $1.5 million
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Maturity: | May 29, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any gain in the index, subject to maximum return of 16%; par if index declines by up to 10%; exposure to losses beyond 10%
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Initial level: | 997.35
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Pricing date: | May 28
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Settlement date: | May 31
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Agent: | JPMorgan Securities LLC
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Fees: | 2.069%, including up to 2.25% for selling concessions
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Cusip: | 48126D3L1
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