Published on 11/5/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $14.1 million PLUS due 2016 linked to Energy Select SPDR
By Susanna Moon
Chicago, Nov. 5 – JPMorgan Chase & Co. priced $14.1 million of 0% Performance Leveraged Upside Securities due Feb. 4, 2016 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 20%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with distribution through Morgan Stanley Smith Barney LLC.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying fund: | Energy Select Sector SPDR fund
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Amount: | $14,071,610
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Maturity: | Feb. 4, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of fund gain, capped at 20%; exposure to any losses
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Initial level: | $87.42
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | J.P. Morgan Securities LLC
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Distributer: | Morgan Stanley Smith Barney LLC
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Fees: | 1.75%
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Cusip: | 48127H232
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