Published on 6/3/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.32 million contingent buffered notes on Euro Stoxx
By Susanna Moon
Chicago, June 3 - JPMorgan Chase & Co. priced $3.32 million of 0% contingent buffered equity notes due Dec. 2, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index falls by up to the 16% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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: | $3,315,000
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Maturity: | Dec. 2, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; if index falls by up to 16%, par; otherwise, full exposure to any losses
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Initial index level: | 3,244.6
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Pricing date: | May 30
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Settlement date: | June 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48127DKE7
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