Published on 6/28/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $60,000 more 0% capped buffered return enhanced notes linked to Russell
By Jennifer Chiou
New York, June 28 - JPMorgan Chase & Co. priced another $60,000 of 0% capped buffered return enhanced notes due April 30, 2015 linked to the Russell 2000 index, adding to the original $1.93 million issued on April 30, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, subject to a maximum return of 16%.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Capped buffered return enhanced notes
|
Underlying index: | Russell 2000
|
Amount: | $1,993,000 (up from original $1,933,000)
|
Maturity: | April 30, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any gain in the index, subject to maximum return of 16%; par if index declines by up to 10%; 1% loss for every 1% decline beyond 10%
|
Initial level: | 940.28
|
Pricing date: | April 25 for original $1,933,000; June 25 for $60,000
|
Settlement date: | April 30 original $1,933,000; June 28 for reopened notes
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.696%, including 2.03% for selling concessions
|
Cusip: | 48126DJ59
|
© 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.