By Angela McDaniels
Tacoma, Wash., July 22 – JPMorgan Chase & Co. priced $8.51 million of 0% knock-out buffered return enhanced notes due July 21, 2017 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component finishes at or above its initial level, the payout at maturity will be par plus 200% of the return of the lesser performing underlying component.
If either underlying component finishes below its initial level but neither underlying component has declined by more than 25%, the payout will be par.
If either underlying component declines by more than 25%, investors will be fully exposed to the decline of the lesser performing underlying component.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Knock-out buffered return enhanced notes
|
Underliers: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
Amount: | $8.51 million
|
Maturity: | July 21, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each underlying component finishes at or above initial level, par plus 200% of return of lesser performing underlying component; if either underlying component finishes below initial level but neither has declined by more than 25%, par; if either underlying component declines by more than 25%, full exposure to decline of lesser performing underlying component
|
Initial levels: | 3,164.21 for index and $67.88 for ETF
|
Pricing date: | July 18
|
Settlement date: | July 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3%, all of which will be used for selling concessions
|
Cusip: | 48127DRY6
|
© 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.