By Marisa Wong
Madison, Wis., June 27 - JPMorgan Chase & Co. priced $1.67 million of 0% capped buffered return enhanced notes due Dec. 31, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any fund gain, up to a maximum return of 17%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the underwriter.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying ETF: | iShares MSCI Emerging Markets index fund
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Amount: | $1,666,000
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Maturity: | Dec. 31, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any fund gain, capped at 17%; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | $37.43
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Pricing date: | June 25
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Settlement date: | June 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48126NCC9
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