By Susanna Moon
Chicago, Oct. 1 – JPMorgan Chase & Co. priced $70.11 million of 0% capped contingent buffered return enhanced notes due Aug. 20, 2015 linked to WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 1.5 times any gain in the price of crude, up to a maximum return of 15%.
If the price of crude falls by up to the 15% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Capped contingent buffered return enhanced notes
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| Underlying asset: | WTI crude oil futures contracts
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| Amount: | $70,111,000
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| Maturity: | Dec. 21, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of crude gain, capped at 15%; par if crude falls by up to 15%; otherwise, full exposure to any losses
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| Initial level: | $93.54
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| Contingent buffer: | 15%
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| Pricing date: | Sept. 26
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| Settlement date: | Oct. 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48127DNV6
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