Published on 6/28/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.68 million protected notes due 2019 tied to S&P 500
By Marisa Wong
Madison, Wis., June 28 - JPMorgan Chase & Co. priced $3.68 million of 0% notes due June 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 75% of any index gain.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | S&P 500
|
| Amount: | $3.68 million
|
| Maturity: | June 28, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 75% of any index gain; minimum payout of par
|
| Initial level: | 1,319.99
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 6.25%, including 3.25% for selling concessions
|
| Cusip: | 48125VM72
|
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