Published on 10/14/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.22 million autocallable notes linked to S&P 500, Euro Stoxx 50
By Jennifer Chiou
New York, Oct. 14 – JPMorgan Chase & Co. priced $2.22 million of 0% autocallable notes due Oct. 13, 2017 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 13.5% per year if each index closes at or above its initial price on any of three annual call dates.
The payout at maturity will be par unless either index finishes below its barrier level, 80% of its initial level, in which case investors will be fully exposed to any losses of the worst performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Autocallable notes
|
| Underlying indexes: | S&P 500 and Euro Stoxx 50
|
| Amount: | $2,223,000
|
| Maturity: | Oct. 13, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus annualized call premium of 13.5% if both indexes finish at or above their initial levels on an annual call date
|
| Payout at maturity: | Par unless either index finishes below barrier level, in which case full exposure to worst performing index
|
| Initial levels: | 1,928.21 for S&P, 3,042.45 for Euro Stoxx
|
| Barrier levels: | 1,542.568 for S&P, 2,433.96 for Euro Stoxx; 80% of initial levels
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48127DL30
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
