Published on 4/25/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $10.69 million return optimization securities linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 25 - JPMorgan Chase & Co. priced $10.69 million of 0% return optimization securities due June 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 22%.
If the index return is negative, investors will be fully exposed to the decline from the initial level.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the underwriters.
Issuer: | JPMorgan Chase & Co.
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Issue: | Return optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $10,685,000
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Maturity: | June 30, 2015
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If index return is positive, par plus 300% of index return, with maximum return of 22%; full exposure to any losses
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Initial level: | 3,175.97
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Pricing date: | April 23
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Settlement date: | April 28
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Underwriters: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 48127F624
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