Published on 1/20/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.77 million digital dual directional contingent buffered notes on Stoxx
By Susanna Moon
Chicago, Jan. 20 – JPMorgan Chase & Co. priced $5.77 million of 0% digital dual directional contingent buffered notes due Feb. 1, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes at or above the 85% barrier level, the payout at maturity will be par plus the 10.6% contingent digital return.
If the index falls more than the 15% contingent buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Digital dual directional contingent buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $5,768,000
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Maturity: | Feb. 1, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above the 85% barrier level, par plus 10.6%; otherwise, par plus the return, with full exposure to any losses
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Initial level: | 2,952.48
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Contingent buffer: | 15%
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Pricing date: | Jan. 15
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Settlement date: | Jan. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48128GKA7
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