By Toni Weeks
San Luis Obispo, Calif., May 4 – JPMorgan Chase & Co. priced $600,000 of capped contingent buffered equity notes due May 18, 2016 linked to the FTSE China A50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 16.5%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any loses if the index falls by more than 25%.
The final index level will be the average of the closing index levels on the five trading days ending May 13, 2016.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered equity notes
|
| Underlying index: | FTSE China A50
|
| Amount: | $600,000
|
| Maturity: | May 18, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 16.5%; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
|
| Initial level: | 14,158.26
|
| Contingent buffer: | 25%
|
| Pricing date: | April 30
|
| Settlement date: | May 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125UPJ5
|
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