New Issue: JPMorgan sells $2.84 million trigger return optimization notes on FTSE EM fund

By Tali Rackner

Norfolk, Va., April 6 – JPMorgan Chase & Co. priced $2.84 million of 0% trigger return optimization securities due March 29, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus two times the ETF return, up to a maximum return of 43.97%.

If the ETF falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger return optimization securities
Underlying fund:	Vanguard FTSE Emerging Markets ETF
Amount:	$2,843,880
Maturity:	March 29, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is positive, par plus two times the return, subject to maximum return of 43.97%; if ETF falls by up to 25%, par; if ETF falls by more than 25%, full exposure to fund’s decline
Initial price:	$33.90
Trigger price:	$25.43, 75% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48128B804

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