New Issue: JPMorgan prices $2.02 million digital notes linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., Jan. 29 – JPMorgan Chase & Co. priced $2.02 million of 0% digital notes due July 31, 2018 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 the digital return of 27%. Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% index decline beyond the 20% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$2,023,000
Maturity:	July 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above initial level, par plus 27%; par if index falls by up to 20%; 1% loss for each 1% decline beyond 20%
Initial index level:	3,372.58
Buffer level:	80% of initial level
Pricing date:	Jan. 27
Settlement date:	Jan. 30
Agent:	J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48127D3V8

© 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.