Published on 9/8/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.07 million dual directional notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Sept. 8 – JPMorgan Chase & Co. priced $5.07 million of 0% capped dual directional contingent buffered equity notes due March 8, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus the index return, subject to a maximum return of 16.95%.
If the index falls by up to 16.95%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the index decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,072,000
|
| Maturity: | March 8, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return, capped at 16.95%; if index falls by up to 16.95%, par plus absolute value of index return; otherwise, full exposure to losses
|
| Initial level: | 3,286.59
|
| Buffer amount: | 15.25%
|
| Pricing date: | Aug. 28
|
| Settlement date: | Sept. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48125UQ70
|
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