Published on 8/21/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.03 million return notes tied to Brent Crude Oil Index
By Devika Patel
Knoxville, Tenn., Aug. 21 – JPMorgan Chase & Co. priced $2,027,000 0% return notes due Feb. 24, 2017 linked to the S&P GSCI Brent Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Return notes
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| Underlying index: | S&P GSCI Brent Crude Oil Index Excess Return
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| Amount: | $2,027,000
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| Maturity: | Feb. 24, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain in the index, exposure to any losses
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| Initial level: | 344.5904
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agents: | J.P. Morgan Securities LLC
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| Cusip: | 48125UM66
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| Fees: | 0%
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