Published on 12/10/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.02 million capped return enhanced notes on S&P 500
By Jennifer Chiou
New York, Dec. 10 – JPMorgan Chase & Co. priced $1,019,000 of 0% capped return enhanced notes due June 13, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 16.25%.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | S&P 500
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Amount: | $1,019,000
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Maturity: | June 13, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any index gain, up to a maximum return of 16.25%; investors will be fully exposed to any losses
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Initial index level: | 2,060.31
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Pricing date: | Dec. 8
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Settlement date: | Dec. 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48127D2H0
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