By Marisa Wong
Madison, Wis., Oct. 16 - JPMorgan Chase & Co. priced $2.94 million of 0% capped index knock-out notes due Oct. 30, 2013 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the index closes below its initial level by more than 30% on any day during the life of the notes.
If a knock-out event occurs, the payout at maturity will be par plus the index return, which may be positive or negative, subject to a maximum return of 8.9%.
If a knock-out event does not occur, the payout will be par plus a contingent digital return of 8.9%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped index knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,935,000
|
| Maturity: | Oct. 30, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If knock-out event occurs, par plus index return, subject to cap of 8.9% and full exposure to losses if index declines; otherwise, par plus 8.9%
|
| Knock-out event: | Index's closing level is less than initial index level by more than 30% on any day during life of notes
|
| Initial index level: | 2,487.08 (index closing level on Oct. 11)
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126DDU0
|
© 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.
