Published on 7/7/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.14 million contingent buffered return enhanced notes on Stoxx 50
By Susanna Moon
Chicago, July 7 – JPMorgan Chase & Co. priced $2.14 million of 0% contingent buffered return enhanced notes due Jan. 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.365 times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if it falls by more than the contingent buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Contingent buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,135,000
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Maturity: | Jan. 3, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.365 times any index gain; par if index falls by up to 25%; full exposure to any losses if index falls more than 25%
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Initial level: | 2,864.74
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Contingent buffer: | 25%
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 46646EKV3
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