Published on 3/28/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.65 million enhanced participation notes on indexes
By Marisa Wong
Morgantown, W.Va., March 28 – JPMorgan Chase & Co. priced $6.65 million of 0% enhanced participation notes due March 27, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 159% of the basket return. If the basket return is negative, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $6.65 million
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Maturity: | March 27, 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 159% of basket return; if basket return is negative, full exposure to basket’s decline
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Initial levels: | 3,051.23 for Euro Stoxx, 6,192.74 for FTSE, 1,369.93 for Topix, 7,853.07 for Swiss Market and 5,166.623 for S&P/ASX
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Pricing date: | March 22
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Settlement date: | March 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48128GRK8
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