By Marisa Wong
Madison, Wis., Dec. 31 - JPMorgan Chase & Co. priced $693,000 of 0% capped buffered enhanced participation equity notes due March 4, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any fund gain, up to a maximum settlement amount of $1,156.60 per $1,000 principal amount of notes.
Investors will receive par if the shares fall by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $693,000
|
| Maturity: | March 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any fund gain, capped at 15.66%; par if shares decline by up to 10%; 1.1111% loss per 1% drop beyond 10%
|
| Initial level: | $41.30
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126NQ67
|
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