Published on 3/5/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.19 million PLUS linked to Euro Stoxx 50
By Susanna Moon
Chicago, March 5 - JPMorgan Chase & Co. priced $5.19 million of 0% Performance Leveraged Upside Securities due April 6, 2015 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 triple any index gain, up to a maximum return of 16%.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as dealer.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5,187,380
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Maturity: | April 6, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 16%; exposure to any losses
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Initial level: | 3,149.23
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Pricing date: | Feb. 28
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Settlement date: | March 5
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Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as dealer
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Fees: | 2%
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Cusip: | 48127E403
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