By Jennifer Chiou
New York, April 8 -JPMorgan Chase & Co. priced $9.41 million of 0% buffered equity notes due Oct. 7, 2016 linked to the Euro Stoxx 50 index, converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be the greater of the contingent settlement amount of $1,341 per $1,000 principal amount and par plus the index return if the index return is zero or positive.
Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Buffered equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $9.41 million
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Maturity: | Oct. 7, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus greater of contingent settlement amount of $1,341 per $1,000 principal amount and par plus the index return if the index return is zero or positive; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial level: | 3,369.58612
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Pricing date: | April 4
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Settlement date: | April 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48126DF61
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