Published on 10/7/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $915,200 contingent absolute return notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 7 – JPMorgan Chase & Co. priced $915,200 of 0% contingent absolute return performance securities due Sept. 30, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 134.2% of the index return.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from its initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase & Co.
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Issue: | Contingent absolute return performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $915,200
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Maturity: | Sept. 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is positive, par plus 134.2% of the index return; if the index return is zero or negative and the final index level is greater than or equal to the trigger level, par plus the absolute value of the index return; otherwise, investors will be fully exposed to the index’s decline from its initial level
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Initial index level: | 3,039.44
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Trigger level: | 2,279.58, 75% of initial level
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Pricing date: | Sept. 28
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Settlement date: | Sept. 30
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 3.5%
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Cusip: | 48127V264
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