By Susanna Moon
Chicago, April 16 - JPMorgan Chase & Co. priced $19.19 million 0% single observation knock-out notes due Oct. 15, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index finishes below the 80% knock-out level.
If a knock-out event never occurs, the payout at maturity will be par plus the greater of any index gain and a contingent minimum return of 7.8%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Single observation knock-out notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $19.19 million
|
| Maturity: | Oct. 15, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by up to 20%, par plus any gain, floor of 7.8%; otherwise, par plus return with full exposure to any losses
|
| Knock-out event: | If index finishes below 80% trigger level
|
| Initial level: | 2,633.47
|
| Pricing date: | April 12
|
| Settlement date: | April 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48126DP37
|
© 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.
