By Susanna Moon
Chicago, Jan. 20 – JPMorgan Chase & Co. priced $2.5 million of 0% return enhanced notes due Sept. 5, 2017 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 76%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Return enhanced notes
|
Underlying index: | S&P GSCI Crude Oil Index Excess Return
|
Amount: | $2.5 million
|
Maturity: | Sept. 5, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at 76%; exposure to any losses
|
Initial level: | 252.7290
|
Pricing date: | Jan. 15
|
Settlement date: | Jan. 21
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48127DPX0
|
|
|
© 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.