By Toni Weeks
San Diego, Oct. 11 - JPMorgan Chase & Co. priced $250,000 of 0% capped contingent buffered notes due Oct. 23, 2013 linked to a basket of two equally weighted indexes, each converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the Hang Seng China Enterprises index and the Hang Seng index.
The payout at maturity will be par plus any basket gain, up to a maximum return of 26.75%.
Investors will receive par if the basket falls by up to 15% and will be fully exposed to any losses if the basket drops beyond the 85% barrier level.
The index levels on the pricing date and observation date are equal to the closing index level on that date multiplied by the Hong Kong dollar exchange rate on that date.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered notes
|
| Underlying basket: | Hang Seng China Enterprises and Hang Seng index, equally weighted
|
| Underlying currency: | Hong Kong dollar
|
| Amount: | $250,000
|
| Maturity: | Oct. 23, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 26.75%; par if basket falls by up to 15%; full exposure to losses if basket drops beyond 85% barrier
|
| Initial exchange rate: | 0.12898
|
| Initial levels: | 1,285.30892 for Hang Seng China Enterprises, 2,710.17677 for Hang Seng (closing index level multiplied by exchange rate on pricing date)
|
| Pricing date: | Oct. 5
|
| Settlement date: | Oct. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126DCF4
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
