By Marisa Wong
Madison, Wis., Feb. 13 - JPMorgan Chase & Co. priced $4.79 million of 0% trigger Performance Leveraged Upside Securities due Feb. 16, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus four times any gain in the index, up to a maximum payment of $14.20 per note.
Investors will receive par if the index falls by up to 10% and will be fully exposed to losses if the index drops below the 90% trigger level.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $4.79 million
|
| Maturity: | Feb. 16, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus four times any index gain, up to a maximum payment of $14.20 per note; par if index falls by up to 10% and full exposure to losses if index drops below trigger level
|
| Initial level: | 1,517.01
|
| Trigger level: | 1,365.309, 90% of initial level
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 14
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC handling distribution
|
| Fees: | 3%
|
| Cusip: | 48126E230
|
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