Published on 6/12/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $280,000 5.8% callable yield notes on Russell, metals ETF
By Marisa Wong
Madison, Wis., June 12 - JPMorgan Chase & Co. priced $280,000 of 5.8% callable yield notes due Dec. 13, 2012 linked to the Russell 2000 index and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either component falls to or below its knock-in level - 50% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worse-performing component, up to a maximum payout of par.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Callable yield notes
|
Underlying components: | Russell 2000 index, SPDR S&P Metals & Mining ETF
|
Amount: | $280,000
|
Maturity: | Dec. 13, 2012
|
Coupon: | 5.8%, payable monthly
|
Price: | Par
|
Payout at maturity: | Par, unless either component falls to or below knock-in level during life of notes, in which case par plus return of worse-performing component, maximum payout of par
|
Initial levels: | 769.19 for Russell, $40.30 for ETF
|
Knock-in levels: | 384.595 for Russell, $20.15 for ETF, 50% of initial levels
|
Call option: | At par on any interest payment date
|
Pricing date: | June 8
|
Settlement date: | June 13
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.25%
|
Cusip: | 48125VG20
|
© 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.