Published on 7/2/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.72 million capped enhanced notes on Euro Stoxx Banks
By Susanna Moon
Chicago, July 2 – JPMorgan Chase & Co. priced $1.72 million of 0% capped return enhanced notes due July 15, 2015 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 24.5%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $1,721,000
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| Maturity: | July 15, 2015
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in the index, capped at 24.5%; exposure to any losses
|
| Initial level: | 147.80
|
| Pricing date: | June 27
|
| Settlement date: | July 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48127DNJ3
|
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