Published on 2/28/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $215,000 buffered return enhanced notes on Euro Stoxx 50
By Jennifer Chiou
New York, Feb. 28 - JPMorgan Chase & Co. priced $215,000 of 0% buffered return enhanced notes due Feb. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 1.1 times any gain in the index.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $215,000
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Maturity: | Feb. 28, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any gain in the index; par if index declines by up to 15%; exposure to losses beyond 15%
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Initial level: | 3,157.48
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Pricing date: | Feb. 25
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Settlement date: | Feb. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.87035%, up to 3.375% for selling concessions
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Cusip: | 48126N3D7
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