By Susanna Moon
Chicago, July 2 – JPMorgan Chase & Co. priced $3.35 million of 0% Performance Leveraged Upside Securities due July 6, 2017 linked to the Health Care Select Sector SPDR 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 fund, up to a maximum return of 20.25%.
Investors will be exposed to any losses.
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 fund: | Health Care Select Sector SPDR fund
|
Amount: | $3,351,500
|
Maturity: | July 6, 2017
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 200% of any fund gain, capped at 20.25%; exposure to any losses
|
Initial level: | $74.39
|
Pricing date: | June 30
|
Settlement date: | July 6
|
Agent: | J.P. Morgan Securities LLC
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2%
|
Cusip: | 48127X260
|
|
|
© 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.