By Susanna Moon
Chicago, Sept. 17 - JPMorgan Chase & Co. priced $1 million of 0% notes due Sept. 18, 2020 linked to a basket of two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE ETF with a 60% weight and the iShares MSCI Emerging Markets ETF with a 40% weight.
The payout at maturity will be par plus 85% of the basket return, with a minimum payout of par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying basket: | iShares MSCI EAFE ETF (60% weight) and the iShares MSCI Emerging Markets ETF (40% weight)
|
| Amount: | $1 million
|
| Maturity: | Sept. 18, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 85% of return, floor of par
|
| Initial levels: | $62.81 for EAFE fund, $41.16 for EM fund
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48126NSK4
|
© 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.
