Published on 5/28/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million 9% reverse exchangeables linked to NeuStar
New York, May 28 - JPMorgan Chase & Co. priced $1 million of 9% reverse exchangeable notes due Aug. 28, 2014 linked to NeuStar, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless NeuStar shares fall below the protection price of $18.85, 65.0673% of the initial price of $28.97, during the life of the notes and finish below the initial price in which case the payout will be 34.5185 shares of NeuStar stock.
JPMorgan is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Reverse exchangeable notes
|
Underlying stock: | NeuStar, Inc. (Symbol: NSR)
|
Amount: | $1 million
|
Maturity: | Aug. 28, 2014
|
Coupon: | 9%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par in cash unless NeuStar shares fall below the protection price of $18.85, 65.0673% of the initial price, and finish below the initial price, in which case 34.5185 shares of NeuStar stock
|
Initial price: | $28.97
|
Protection price: | $18.85, 65.0673% of $28.97
|
Exchange ratio: | 34.5185
|
Pricing date: | May 23
|
Settlement date: | May 29
|
Agent: | JPMorgan
|
Fees: | 0.75%
|
Cusip: | 48127DKC1
|
© 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.