Published on 11/29/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.33 million capped buffered return notes on iShares MSCI EAFE
By Marisa Wong
Madison, Wis., Nov. 29 - JPMorgan Chase & Co. priced $1.33 million of 0% capped buffered return enhanced notes due May 30, 2014 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 16%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the underwriter.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying ETF: | iShares MSCI EAFE index fund
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Amount: | $1,325,000
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Maturity: | May 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any fund gain, capped at 16%; par if shares fall by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial price: | $54.13
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.29%, including 0.25% for selling concessions
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Cusip: | 48126DFE4
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