Published on 2/4/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.33 million 0% capped return enhanced notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 4 – JPMorgan Chase & Co. priced $3.33 million of 0% capped return enhanced notes due Feb. 18, 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 double any gain in the index, subject to a maximum return of 21%. Investors will be fully exposed to any losses.
The final index level will be the average of the closing index levels on the five trading days ending Feb. 12, 2016.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $3,325,000
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Maturity: | Feb. 18, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain in the index, subject to maximum return of 21%; exposure to losses
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Initial level: | 3,351.44
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Pricing date: | Jan. 30
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Settlement date: | Feb. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48127D7H5
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