By Jennifer Chiou
New York, Jan. 21 – JPMorgan Chase & Co. priced $2.57 million of 0% contingent buffered equity notes due July 20, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 22.5% and will be fully exposed to any losses if the index falls by more than the 22.5% contingent buffer.
The final index level will be the average of the closing index levels on the five trading days ending July 15, 2016.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2.57 million
|
| Maturity: | July 20, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus return; par if index falls by up to 22.5%; otherwise, full exposure to any losses
|
| Initial level: | 3,202.24
|
| Contingent buffer: | 22.5%
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48127D6E3
|
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