Published on 4/21/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.42 million review notes linked to Russell 2000, iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., April 21 - JPMorgan Chase & Co. priced $1.42 million of 0% review notes due Oct. 22, 2015 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 11.3% per year if each component closes at or above its initial level on Oct. 17, 2014, April 17, 2015 or Oct. 19, 2015.
If the notes are not called and the final level of each component is less than its initial level by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% that the lesser-performing component declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Review notes
|
Underlying components: | Russell 2000 index and iShares MSCI EAFE ETF
|
Amount: | $1,423,000
|
Maturity: | Oct. 22, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final level of each component is less than initial level by up to 20%, par; otherwise, 1.25% loss for each 1% that lesser-performing component declines beyond 20%
|
Call: | At par plus premium of 11.3% per year if each component closes at or above initial level on Oct. 17, 2014, April 17, 2015 or Oct. 19, 2015.
|
Initial levels: | 1,137.899 for index and $67.53 for ETF
|
Pricing date: | April 17
|
Settlement date: | April 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.15%
|
Cusip: | 48127DFL7
|
© 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.