By Angela McDaniels
Tacoma, Wash., April 8 - JPMorgan Chase & Co. priced $4.2 million of 0% contingent buffered equity notes due Sept. 21, 2015 linked to the MSCI Europe index converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level and the final index level will be converted into dollars using the exchange rate then in effect.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is equal to or less than the initial index level by up to 15.75%, the payout will be par.
If the final index level is less than the initial index level by more than 15.75%, investors will lose 1% for every 1% that the final level is less than the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | MSCI Europe converted into dollars
|
| Amount: | $4,198,000
|
| Maturity: | Sept. 21, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return; if index declines by up to 15.75%, par; if index declines by more than 15.75%, 1% loss for every 1% that final level is less than initial level
|
| Initial index level: | 158.06984, which is based on index closing level of 115.43 and exchange rate of 1.3694
|
| Final index level: | Average of index's converted closing levels on the five trading days ending Sept. 16, 2015
|
| Pricing date: | April 4
|
| Settlement date: | April 9
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48127DDX3
|
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