Published on 1/13/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $970,000 capped return enhanced notes on dollar vs. euro
By Jennifer Chiou
New York, Jan. 13 – JPMorgan Chase & Co. priced $970,000 of 0% capped return enhanced notes due Jan. 28, 2016 linked to the performance of the dollar relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any gain in the currency, subject to a maximum return of 10.8%.
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 rate: | Dollar relative to the euro
|
| Amount: | $970,000
|
| Maturity: | Jan. 28, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any gain, up to a maximum return of 10.8%; exposure to any losses
|
| Initial sport rate: | 1.18345
|
| Pricing date: | Jan. 9
|
| Settlement date: | Jan. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48127DPU6
|
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