Published on 9/8/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.05 million trigger PLUS linked to three indexes
By Susanna Moon
Chicago, Sept. 8 – JPMorgan Chase & Co. priced $7.05 million of 0% trigger Performance Leveraged Upside Securities due Sept. 6, 2018 linked to a basket of three equally weighted indexes, according to an FWP filing with the Securities and Exchange Commission.
The underlying components are the S&P 500 index, the Euro Stoxx 50 index and the Topix index.
If the basket finishes at or above the initial level, the payout at maturity will be par of $10 plus double the return, up to a maximum return of 36%.
If the basket falls by up to the 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlyings: | S&P 500 index, Euro Stoxx 50 index and Topix index
|
| Amount: | $7,051,870
|
| Maturity: | Sept. 6, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket gains, par plus 200% of return, capped at 36%; if basket falls by up to trigger level, par; otherwise, full exposure to any losses
|
| Initial levels: | 1,972.18 for S&P 500, 3,269.93 for Euro Stoxx 50 and 1,537.05 for Topix
|
| Trigger level: | 85% of initial level
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2.5%
|
| Cusip: | 48127V710
|
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