Published on 3/29/2011 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $10.72 million six-year notes tied to Dow Industrials
By Susanna Moon
Chicago, March 29 - JPMorgan Chase & Co. priced $10.72 million of 0% notes due March 30, 2017 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive at least par.
JPMorgan Securities Inc. is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Notes
|
Underlying index: | Dow Jones Industrial Average
|
Amount: | $10,719,000
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Maturity: | March 30, 2017
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus any index gain; floor of par
|
Initial level: | 12,220.59
|
Pricing date: | March 25
|
Settlement date: | March 30
|
Agent: | JPMorgan Securities Inc.
|
Fees: | 2.25%, including 0.25% for selling concessions
|
Cusip: | 48125XKS4
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