By Angela McDaniels
Tacoma, Wash., June 29 – JPMorgan Chase & Co. priced $6 million of 0% Performance Leveraged Upside Securities due Sept. 29, 2016 linked to the iShares MSCI ACWI ex U.S. exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the ETF, up to a maximum return of 13%. Investors will be fully exposed to any decline in the ETF.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI ACWI ex. U.S. ETF
|
| Amount: | $6 million
|
| Maturity: | Sept. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at 13%; full exposure to losses
|
| Initial share price: | $46.31 (closing price of ETF on June 24)
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 48127X237
|
© 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.
