By Susanna Moon
Chicago, Dec. 21 – JPMorgan Chase & Co. priced $19.4 million 0% return optimization securities due Jan. 20, 2017 linked to an equally weighted basket consisting of the iShares MSCI Emerging Markets exchange-traded fund and the SPDR Euro Stoxx 50 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 21.24%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return optimization securities
|
| Underlying funds: | iShares MSCI Emerging Markets ETF and the SPDR Euro Stoxx 50 ETF, equally weighted
|
| Amount: | $19.4 million
|
| Maturity: | Jan. 20, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain in the basket, capped at 21.24%; exposure to any losses
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 22
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 48128A822
|
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