New Issue: JPMorgan prices $2.95 million trigger PLUS linked to iShares MSCI EAFE

By Susanna Moon

Chicago, Oct. 22 – JPMorgan Chase & Co. priced $2.95 million of 0% trigger Performance Leveraged Upside Securities due Oct. 21, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 185% of any fund gain, up to a maximum return of 200% of par.

Investors will receive par if the fund falls by 50% or less and will be fully exposed to any losses if the fund finishes below the 50% trigger level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$2,950,460
Maturity:	Oct. 21, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 185% of any fund gain, capped at 200% of par; par if fund falls by 50% or less; otherwise, full exposure to any losses
Trigger level:	$30.32, 50% of the initial level
Pricing date:	Oct. 17
Settlement date:	Oct. 22
Agent:	J.P. Morgan Securities LLC
Fees:	3%
Cusip:	48127H554

© 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.