Published on 5/28/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.16 million trigger jump notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, May 28 – JPMorgan Chase & Co. priced $3.16 million of 0% trigger jump securities due March 2, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If index finishes above its initial level, the payout at maturity will be par plus the greater of the gain and the upside return of 15.75%.
Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below the 90% trigger level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase & Co.
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,156,570
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Maturity: | May 25, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus greater of return and 15.75%; if index falls by 10% or less, par; otherwise, full exposure to any losses
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Initial index level: | 3,679.14
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Trigger level: | 3,311.226, 90% of initial level
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Pricing date: | May 22
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Settlement date: | May 28
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Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 1.75%
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Cusip: | 48127X781
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