Published on 10/2/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $17.5 million PLUS due 2017 linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 2 – JPMorgan Chase & Co. priced $17.5 million of 0% Performance Leveraged Upside Securities due Jan. 5, 2017 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 of $10 plus triple any gain in the index, up to a maximum return of 21.5%.
Investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $17,496,910
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Maturity: | Jan. 5, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 21.5%; full exposure to any losses
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Initial index level: | 3,100.67
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 2.25%
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Cusip: | 48127Y706
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