Published on 4/15/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $10.89 million return notes linked to 17 common stocks
By Angela McDaniels
Tacoma, Wash., April 15 - JPMorgan Chase & Co. priced $10.89 million of 0% return notes due April 29, 2015 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted common stocks are AMC Networks Inc., Bed Bath & Beyond Inc., BioMarin Pharmaceutical Inc., Endo Health Solutions, First Republic Bank, HomeAway, Inc., Insulet Corp., Lions Gate Entertainment Corp., Mylan Inc., Qlik Technologies Inc., Rackspace Hosting, Inc., Rowan Cos. plc, Splunk Inc., Tenneco Inc., Trulia, Inc., Viacom Inc. and Weatherford International Ltd.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return multiplied by (c) a basket adjustment factor of 99.1%. Because of the basket adjustment factor, investors will lose some or all of their principal if the basket return is less than 0.90817%.
The final basket level will be the average of the basket's closing levels on the five trading days ending April 24, 2015.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying stocks: | AMC Networks Inc., Bed Bath & Beyond Inc., BioMarin Pharmaceutical Inc., Endo Health Solutions, First Republic Bank, HomeAway, Inc., Insulet Corp., Lions Gate Entertainment Corp., Mylan Inc., Qlik Technologies Inc., Rackspace Hosting, Inc., Rowan Cos. plc, Splunk Inc., Tenneco Inc., Trulia, Inc., Viacom Inc. and Weatherford International Ltd., equally weighted
|
| Amount: | $10,885,000
|
| Maturity: | April 29, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (a) $1,000 multiplied by (b) one plus basket return multiplied by (c) 99.1%
|
| Final basket level: | Average of basket's closing levels on five trading days ending April 24, 2015
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48127DEH7
|
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