Published on 5/12/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.09 million capped return enhanced notes on S&P 500
By Devika Patel
Knoxville, Tenn., May 12 – JPMorgan Chase & Co. priced $1.09 million of capped return enhanced notes due Aug. 11, 2016 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 3 times any gain in the index, up to a maximum return of 15%.
Investors will receive par if the index remains the same and will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Capped return enhanced notes
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| Underlying indexes: | S&P 500
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| Amount: | $1,088,000
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| Maturity: | Aug. 11, 2016
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any gain, capped at 15%, par if index stays the same, 1% loss for each 1% decline
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| Initial index level: | 2,116.10
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| Pricing date: | May 8
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| Settlement date: | May 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48125UQX3
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