By Toni Weeks
San Luis Obispo, Calif., Jan. 16 - JPMorgan Chase & Co. priced $3.53 million of 0% capped barrier return enhanced notes due July 16, 2015 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 24%.
Investors will receive par for losses up to 10% and will be fully exposed to any decline in the fund if the share price declines beyond the barrier.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped barrier return enhanced notes
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $3,525,000
|
| Maturity: | July 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, up to a maximum return of 24%; par for losses up to 10%; full exposure to decline if share price drops below barrier level
|
| Initial share price: | $49.06 (closing share price on Jan. 13)
|
| Barrier level: | 90% of initial share price
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48126NV95
|
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