Published on 4/1/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.88 million trigger performance securities on Euro Stoxx
By Jennifer Chiou
New York, April 1 - JPMorgan Chase & Co. priced $2,877,000 of 0% trigger performance securities due March 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 160% of the index return.
Investors will receive par if the index falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.
Issuer: | JPMorgan Chase & Co.
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,877,000
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Maturity: | March 31, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 160% of any index gain; par if index falls by 25% or less; full exposure to losses if index finishes below trigger level
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Initial index level: | 3,133.75
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Trigger level: | 2,350.31, 75% of initial level
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Pricing date: | March 27
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Settlement date: | March 31
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48127E569
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