New Issue: JPMorgan sells $2.9 million buffered notes linked to Euro Stoxx

By Jennifer Chiou

New York, Nov. 17 - JPMorgan Chase & Co. priced a $2.9 million issue of 0% buffered return enhanced notes due May 20, 2009 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any positive return on the index, capped at a maximum return of 15%.

If the ending index level declines by 15% or less, the payout will be par. Holders will lose 1.1765% for each 1% decline beyond 15%.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered return enhanced senior notes
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$2.9 million
Maturity:	May 20, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any return on the index, capped at a 15% return; par if the ending basket level declines by 15% or less; 1.1765% loss for each 1% decline beyond 15%
Initial index level:	4,108.83
Pricing date:	Nov. 15
Settlement date:	Nov. 20
Agent:	J.P. Morgan Securities Inc.
Fees:	2.485% total: 1.243% to JPMorgan, 1.243% to affiliated dealers

© 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.