Published on 7/30/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $875,000 buffered return notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 30 – JPMorgan Chase & Co. priced $875,000 of 0% buffered return enhanced notes due July 31, 2017 to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum 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: | Buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $875,000
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Maturity: | July 31, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus double any index gain, capped at 20%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | 3,554.11
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.04286%
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Cusip: | 48125UYL0
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