By Angela McDaniels
Tacoma, Wash., April 7 - JPMorgan Chase & Co. priced $5.6 million of 0% Performance Leveraged Upside Securities due Dec. 31, 2014 linked to a basket of one index and three exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 50% weight, the iShares Russell 2000 ETF with an 18% weight, the iShares MSCI EAFE ETF with a 17% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10.00 plus double the basket return, subject to a maximum payment of $11.30 per note. If the final basket level is less than the initial basket level, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying basket: | S&P 500 index (50% weight), iShares Russell 2000 ETF (18% weight), iShares MSCI EAFE ETF (17% weight) and iShares MSCI Emerging Markets ETF (15% weight)
|
| Amount: | $5.6 million
|
| Maturity: | Dec. 31, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final basket level is greater than initial basket level, par plus 200% of basket return, subject to maximum payment of $11.30 per note; full exposure to decline if final basket level is less than initial basket level
|
| Initial levels: | 1,888.77 for S&P 500; $117.15 for iShares Russell 2000; $67.57 for iShares MSCI EAFE; $41.41 for iShares MSCI Emerging Markets
|
| Pricing date: | April 3
|
| Settlement date: | April 8
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| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 0.18%
|
| Cusip: | 48127F855
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