Published on 1/28/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.36 million capped buffered return enhanced notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Jan. 28 – JPMorgan Chase & Co. priced $1.36 million of 0% capped buffered return enhanced notes due Jan. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 27%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
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 index: | Euro Stoxx 50
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Amount: | $1,364,000
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Maturity: | Jan. 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain, capped at 27%; par if the index falls by up to 10%; exposure to any losses beyond 10%
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Initial index level: | 3,032.84
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.13673%
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Cusip: | 48128GHF0
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