Published on 4/1/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $11.05 million contingent buffered equity notes on Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 1 - JPMorgan Chase & Co. priced $11.05 million of 0% contingent buffered equity notes due Sept. 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% trigger level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 3.1%.
Otherwise, investors will be fully exposed to the decline in the index.
The final index level will be the average of the closing index levels on the five trading days ending Sept. 25, 2015.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Contingent buffered equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $11,051,000
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Maturity: | Sept. 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is at least 80% of initial level, par plus any index gain, floor of 3.1%; otherwise, full exposure to losses
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Initial level: | 3,172.43
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Trigger level: | 80% of initial level
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Final level: | Average of index closing levels on five averaging dates ending Sept. 25, 2015
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Pricing date: | March 28
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Settlement date: | April 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48127DCH9
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