By Marisa Wong
Madison, Wis., July 7 – JPMorgan Chase & Co. priced $6 million of 0% capped return enhanced notes due July 22, 2015 linked to the Vanguard FTSE Europe exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, subject to a maximum return of 30%.
Investors will be fully exposed to any fund decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
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| Underlying ETF: | Vanguard FTSE Europe ETF
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| Amount: | $6 million
|
| Maturity: | July 22, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any fund gain, capped at 30%; full exposure to losses
|
| Initial price: | $60.50
|
| Final price: | Average of closing prices on five averaging dates ending July 17, 2015
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| Pricing date: | July 2
|
| Settlement date: | July 8
|
| Agent: | JPMorgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127DSA7
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