By Marisa Wong
Madison, Wis., May 6 - JPMorgan Chase & Co. priced $2.8 million of 0% return notes due May 20, 2015 linked to an equally weighted basket of the MSCI Italy SMID Cap index and the MSCI Spain SMID Cap index, according to a 424B2 filing with the Securities and Exchange Commission.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return multiplied by (c) a basket adjustment factor of 99%. Because of the basket adjustment factor, investors will lose some or all of their principal if the basket return is less than 1.01%.
The final basket level will be the average of the basket's closing levels on the five trading days ending May 15, 2015.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying indexes: | MSCI Italy SMID Cap index and MSCI Spain SMID Cap index, equally weighted
|
| Amount: | $2.8 million
|
| Maturity: | May 20, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 99% of sum of par plus basket return
|
| Initial index levels: | 547.30 for Italy index and 594.39 for Spain index
|
| Final basket level: | Average of basket's closing levels on five trading days ending May 15, 2015
|
| Pricing date: | May 2
|
| Settlement date: | May 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48127DGB8
|
© 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.
