Published on 12/30/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $161,000 buffered return enhanced notes on Euro Stoxx 50
By Susanna Moon
Chicago, Dec. 30 – JPMorgan Chase & Co. priced $161,000 of 0% buffered return enhanced notes due Dec. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 1.15 times any gain in the index.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $161,000
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| Maturity: | Dec. 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.15 times any index gain; par if the index falls by up to 20%; exposure to any losses beyond 20%
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| Initial index level: | 3,286.68
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5528%
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| Cusip: | 48128GEJ5
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