By Susanna Moon
Chicago, June 18 - JPMorgan Chase & Co. priced $4.5 million of 0% index fund knock-out notes due July 21, 2011 based on the performance of the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the shares fall by more than 44.1% during the life of the notes.
If a knock-out event occurs, the payout at maturity will be par plus the fund return, with exposure to any losses.
If a knock-out event has not occurred, the payout will be par plus the greater of the fund return and a contingent minimum return of zero.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Index fund knock-out notes
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $4.5 million
|
| Maturity: | July 21, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If shares never fall by more than 44.1% during life of notes, par plus any gain, floor of par; otherwise, par plus fund return, with exposure to losses
|
| Initial share price: | $50.54
|
| Pricing date: | June 16
|
| Settlement date: | June 21
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 0.75%
|
| Cusip: | 48124AUR6
|
© 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.
