By Marisa Wong
Madison, Wis., June 2 - JPMorgan Chase & Co. priced $6.87 million of 0% return optimization securities due Aug. 4, 2015 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 14%.
If the index return is negative, investors will be fully exposed to the decline from the initial level.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the underwriters.
Issuer: | JPMorgan Chase & Co.
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Issue: | Return optimization securities
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Underlying index: | MSCI EAFE
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Amount: | $6.87 million
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Maturity: | Aug. 4, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, subject to a maximum return of 14%; full exposure to any decline in the index
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Initial level: | 1,955.68
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Pricing date: | May 29
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Settlement date: | June 3
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Underwriters: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 48127F269
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