By Susanna Moon
Chicago, May 26 – JPMorgan Chase & Co. priced $1.95 million of 0% capped buffered return enhanced notes due June 8, 2016 linked to a basket of three equally weighted common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are United Continental Holdings, Inc., American Airlines Group Inc. and Delta Air Lines, Inc.
The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum return of 16.95%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying stocks: | United Continental Holdings, Inc. (NYSE: UAL), American Airlines Group Inc. Nasdaq: AAL), Delta Air Lines, Inc. (NYSE: DAL)
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Amount: | $1.95 million
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Maturity: | June 8, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any basket gain, capped at 16.95%; par if index falls by up to 15%; 1.1765% loss per 1% drop beyond 15%
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Initial level: | $
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Pricing date: | May 21
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Settlement date: | May 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48125UUX8
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