Published on 2/17/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $776,350 buffered PLUS due 2019 tied to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Feb. 17 – JPMorgan Chase & Co. priced $776,350 of 0% buffered Performance Leveraged Upside Securities due Feb. 15, 2019 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 200% of any index gain, up to a maximum return of 40%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Buffered Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $776,350
|
Maturity: | Feb. 15, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 200% of any index gain, capped at 40%; par if index falls by up to 10%; exposure to any losses beyond 10%
|
Initial level: | 2,756.16
|
Pricing date: | Feb. 12
|
Settlement date: | Feb. 18
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.5%
|
Cusip: | 48128A251
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.