Published on 11/28/2011 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $335,000 notes linked to indexes, iShares MSCI EAFE ETF
By Angela McDaniels
Tacoma, Wash., Nov. 28 - JPMorgan Chase & Co. priced $335,000 of 0% notes due Nov. 28, 2017 linked to an equally weighted basket of three indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index, the Dow Jones industrial average, the Dow Jones - UBS Commodity index and the iShares MSCI EAFE index fund.
The payout at maturity will be par plus the basket return, subject to a minimum payout of par.
The final basket level will be the average of the basket's closing levels on Nov. 23, 2012, Nov. 22, 2013, Nov. 24, 2014, Nov. 23, 2015, Nov. 22, 2016 and Nov. 22, 2017.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Notes
|
Underlying basket: | S&P 500 index, Dow Jones industrial average, Dow Jones - UBS Commodity index and iShares MSCI EAFE index fund, equally weighted
|
Amount: | $335,000
|
Maturity: | Nov. 28, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus basket return, subject to minimum payout of par
|
Initial levels: | 1,188.04 for S&P 500; 11,493.72 for Dow; 144.3383 for Dow Jones - UBS Commodity; $48.01 for ETF
|
Final basket level: | Average of basket's closing levels on Nov. 23, 2012, Nov. 22, 2013, Nov. 24, 2014, Nov. 23, 2015, Nov. 22, 2016 and Nov. 22, 2017
|
Pricing date: | Nov. 22
|
Settlement date: | Nov. 30
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 7.67%, including 4.551% for selling concessions
|
Cusip: | 48125VAT7
|
© 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.