Published on 10/2/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.8 million capped return enhanced notes on Euro Stoxx
By Susanna Moon
Chicago, Oct. 2 – JPMorgan Chase & Co. priced $1.8 million of 0% capped return enhanced notes due Oct. 13, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 22.65%.
Investors will be fully exposed to any decline in the index.
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: | $1,795,000
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| Maturity: | Oct. 13, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any index gain, capped at 22.65%; full exposure to any decline
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| Initial level: | 3,113.16
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48125U5T5
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