Published on 7/22/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $805,000 return enhanced notes linked to Euro Stoxx Banks
By Angela McDaniels
Tacoma, Wash., July 22 – JPMorgan Chase & Co. priced $805,000 of 0% capped return enhanced notes due Aug. 5, 2015 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 25.7%. If the index return is negative, investors will be fully exposed to the decline.
The final index level will be the average of the index’s closing levels on the five trading days ending July 17, 2015.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx Banks
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Amount: | $805,000
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Maturity: | Aug. 5, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to maximum return of 25.7%; if index return is negative, full exposure to decline
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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 July 31, 2015
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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%
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Cusip: | 48127DTF5
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