Published on 6/27/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.02 million capped buffered return enhanced notes on Russell 2000
By Jennifer Chiou
New York, June 27 – JPMorgan Chase & Co. priced $1,017,000 of 0% capped buffered return enhanced notes due June 30, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 1.75 times any gain in the index, up to a maximum return of 17%.
Investors will receive par for losses up to 10% and will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Russell 2000
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Amount: | $1,017,000
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Maturity: | June 30, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 175% of any gain in the index, capped at 17%; par for losses up to 10%; exposure to any losses beyond buffer
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Initial level: | 1,182.679
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.147%
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Cusip: | 48127DKT4
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