Published on 10/2/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $73.44 million capped return enhanced notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Oct. 2 - JPMorgan Chase & Co. priced $73.44 million of 0% capped return enhanced notes due Oct. 16, 2014 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain in the index, subject to a maximum return of 20%. Investors will be exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | MSCI EAFE
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Amount: | $73,438,000
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Maturity: | Oct. 16, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain in index, subject to maximum return of 20%; exposure to any index decline
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Initial index level: | 1,835.85
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Final index level: Average of index's closing levels on Oct. 6, 2014, Oct. 7, 2014, Oct. 8, 2014, Oct. 9, 2014 and Oct. 10, 2014
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Pricing date: | Sept. 27
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Settlement date: | Oct. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48126NUT2
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