New Issue: JPMorgan prices $9.86 million capped index knock-out notes on S&P 500

By Marisa Wong

Madison, Wis., July 27 - JPMorgan Chase & Co. priced $9.86 million of 0% capped index knock-out notes due Jan. 26, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index falls by more 40% at any time during the life of the notes.

If a knock-out event occurs, the payout at maturity will be par plus the index return, subject to a maximum return of 14.8% with exposure to any losses.

If a knock-out event has not occurred, the payout will be par plus the maximum return of 14.8%.

J.P. Morgan Securities Inc. is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped index knock-out notes
Underlying index:	S&P 500
Amount:	$9,855,000
Maturity:	Jan. 26, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If index never falls by more than 40% during life of notes, par plus 14.8%; otherwise, par plus index return, with exposure to losses, capped 14.8%
Initial index level:	1,102.66
Pricing date:	July 23
Settlement date:	July 28
Agent:	J.P. Morgan Securities Inc.
Fees:	0.75%
Cusip:	48124AXN2

© 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.