Published on 11/5/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.57 million two-year digital notes tied to Euro Stoxx
By Susanna Moon
Chicago, Nov. 5 – JPMorgan Chase & Co. priced $1.57 million of 0% digital notes due Nov. 3, 2016 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 initial level, the payout at maturity will be par plus a digital return of 20%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,571,000
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Maturity: | Nov. 3, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 20%; par if index falls by up to 10%; exposure to any losses beyond 10%
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Initial level: | 3,113.32
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.1%
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Cusip: | 48127DM70
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