Published on 12/8/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.55 million PLUS due 2017 linked to Euro Stoxx 50
New York, Dec. 8 – JPMorgan Chase & Co. priced $3.55 million of 0% Performance Leveraged Upside Securities due March 3, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par of $10 plus 300% of the index gain, subject to a maximum payout of par plus 18.75%. If the final level is less than or equal to the initial level, investors will have one-to-one exposure to the decline.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,549,190
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Maturity: | March 3, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 18.75% return; full exposure to any losses
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Initial index level: | 3,506.45
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Pricing date: | Nov. 30
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Settlement date: | Dec. 3
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 48127Y318
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