Published on 2/10/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.62 million capped buffered return enhanced notes on Russell 2000
By Susanna Moon
Chicago, Feb. 10 – JPMorgan Chase & Co. priced $3.62 million of 0% capped buffered return enhanced notes due April 22, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 12.4%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Russell 2000
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Amount: | $3,621,000
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Maturity: | April 22, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 12.4%; par if index falls by 10%; exposure to losses beyond 10%
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Initial level: | 1,208.707
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Pricing date: | Feb. 5
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Settlement date: | Feb. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48125UEE8
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