Published on 7/22/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.4 million contingent buffered notes linked to Euro Stoxx Banks
By Angela McDaniels
Tacoma, Wash., July 22 – JPMorgan Chase & Co. priced $3.4 million of 0% contingent buffered equity notes due Jan. 21, 2016 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the index finishes flat or falls by up to 13.5%, the payout will be par. If the index falls by more than 13.5%, investors will be fully exposed to the index’s decline from the initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Contingent buffered equity notes
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Underlying index: | Euro Stoxx Banks
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Amount: | $3,402,000
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Maturity: | Jan. 21, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus index return; if index finishes flat or falls by up to 13.5%, par; if index falls by more than 13.5%, full exposure to index’s decline from initial level
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Initial index level: | 142.35
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Final index level: | Average of index’s closing levels on five trading days ending Jan. 15, 2016
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Pricing date: | July 18
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Settlement date: | July 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48127DTD0
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