Published on 12/31/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $977,000 capped return enhanced notes on energy fund
By Marisa Wong
Morgantown, W.Va., Dec. 31 – JPMorgan Chase & Co. priced $977,000 of 0% capped return enhanced notes due Dec. 21, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 95%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $977,000
|
| Maturity: | Dec. 21, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any fund gain, capped at 95%; exposure to any losses
|
| Initial price: | $58.78
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48128GGK0
|
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