Published on 2/11/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $8.9 million capped buffered equity notes on S&P 500
By Susanna Moon
Chicago, Feb. 11 - JPMorgan Chase & Co. priced $8.9 million of 0% capped buffered enhanced participation equity notes due July 16, 2015 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 1.2 times any index gain, up to a maximum return of 15.6%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered enhanced participation equity notes
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Underlying index: | S&P 500
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Amount: | $8,897,000
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Maturity: | July 16, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any index gain, capped at 15.6%; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
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Initial level: | 1,797.02
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Pricing date: | Feb. 7
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Settlement date: | Feb. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48126N3K1
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