By Angela McDaniels
Tacoma, Wash., Aug. 2 - JPMorgan Chase & Co. priced $2.5 million of 0% single observation capped market plus notes due Aug. 10, 2012 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price of gold is less than 90% of the strike value, the payout at maturity will be par plus the gold return. Otherwise, the payout will be par plus the gold return, subject to a minimum payout of par and a maximum payout of 118% of par.
The strike value is $1,625.00. This is lower than the price of gold on the pricing date, which was $1,628.50.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Single observation capped market plus notes
|
| Underlying commodity: | Gold
|
| Amount: | $2.5 million
|
| Maturity: | Aug. 10, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final price of gold is less than 90% of strike value, full exposure to decline in gold price; otherwise, par plus gold return, subject to minimum payout of par and maximum payout of 118% of par
|
| Strike value: | $1,625.00
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125XC53
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
