Published on 8/28/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.08 million capped buffered return enhanced notes on Euro Stoxx
By Susanna Moon
Chicago, Aug. 28 – JPMorgan Chase & Co. priced $1.08 million of 0% capped buffered return enhanced notes due Aug. 31, 2016 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 double any gain in the index, up to a maximum return of 21%.
Investors will receive par for losses up to 10% and will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,081,000
|
| Maturity: | Aug. 31, 2016
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in the index, capped at 21%; par for losses up to 10%; exposure to any losses beyond 10%
|
| Initial level: | 3,197.54
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.08696%
|
| Cusip: | 48127DVF2
|
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