Published on 1/19/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $933,000 buffered return enhanced notes linked to indexes, EM ETF
By Angela McDaniels
Tacoma, Wash., Jan. 19 – JPMorgan Chase & Co. priced $933,000 of 0% capped buffered return enhanced notes due Jan. 19, 2018 linked to a basket consisting of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 35% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus 1.8 times the basket return, up to a maximum return of 19%. Investors will receive par if the basket declines by 18% or less and will lose 1.2195% for every 1% that the basket declines beyond 18%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying basket: | S&P 500 index (50% weight), Euro Stoxx 50 index (35% weight) and iShares MSCI Emerging Markets ETF (15% weight)
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Amount: | $933,000
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Maturity: | Jan. 19, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.8 times basket return, up to 19% maximum return; par if basket declines by 18% or less; 1.2195% loss for every 1% that basket declines beyond 18%
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Initial levels: | 1,921.84 for S&P 500, 3,024 for Euro Stoxx 50 and $29.63 for ETF
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Pricing date: | Jan. 14
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Settlement date: | Jan. 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48128GKJ8
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