By Toni Weeks
San Luis Obispo, Calif. July 22 – JPMorgan Chase & Co. priced $1 million of 0% capped return enhanced notes due Aug. 5, 2015 linked to Amazon.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the Amazon.com share price, up to a maximum return of 26.4%.
Investors will be exposed to any losses.
The final price will be the average of the closing share prices on the five trading days ending July 31, 2015.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
|
| Amount: | $1 million
|
| Maturity: | Aug. 5, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any Amazon.com share price gain, up to a maximum return of 26.4%; full exposure to losses
|
| Initial price: | $358.66
|
| Final price: | Average of closing share prices on five trading days ending July 31, 2015
|
| Pricing date: | July 18
|
| Settlement date: | July 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127DTW8
|
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