By Jennifer Chiou
New York, Dec. 13 - JPMorgan Chase & Co. priced a $128.5 million issue of 0% buffered return enhanced notes due June 17, 2008 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.82 times any positive return on the index up to a maximum return of 28.2%.
If the final index level declines by 7% or less, the payout will be par. Investors will lose 1% for each 1% decline beyond 7%.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Dow Jones Euro Stoxx 50
|
| Amount: | $128.5 million
|
| Maturity: | June 17, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.82 times any positive index return up to a 28.2% return; par if final index level declines by 7% or less; 1% loss for each 1% decline beyond 7%
|
| Initial index level: | 4,054.25
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 15
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 0.2%
|
© 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.
