Published on 4/28/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.48 million return enhanced notes tied to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., April 28 – JPMorgan Chase & Co. priced $3.48 million of 0% capped return enhanced notes due May 11, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
If the index return is positive, the payout at maturity will be par plus three times the index return, up to a maximum return of 19.5%. If the index return is negative, investors will have one-to-one exposure to the decline.
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: | $3,475,000
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Maturity: | May 11, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus three times index return, up to maximum return of 19.5%; if index return is negative, one-to-one exposure to decline
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Initial index level: | 3,713.96
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Pricing date: | April 24
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Settlement date: | April 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48125UNY4
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