Published on 12/10/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $891,000 capped return enhanced notes on Euro Stoxx
By Marisa Wong
Madison, Wis., Dec. 10 – JPMorgan Chase & Co. priced $891,000 of 0% capped return enhanced notes due June 13, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 32%.
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: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $891,000
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Maturity: | June 13, 2016
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus triple any index gain, up to a maximum return of 32%; investors will be fully exposed to any losses
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Initial index level: | 3,247.99
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Pricing date: | Dec. 8
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Settlement date: | Dec. 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48127D2J6
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