By Jennifer Chiou
New York, Nov. 4 – JPMorgan Chase & Co. priced $6.51 million of 0% dual directional trigger Performance Leveraged Upside Securities due Nov. 3, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus any 1.5 times any fund gain, capped at 30%.
If the fund falls by up to 10%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses if the fund declines below the 90% trigger.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying fund: iShares MSCI Emerging Markets ETF
|
| Amount: | $6.51 million
|
| Maturity: | Nov. 3, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund gains, par plus 150% of return, capped at 30%; if shares fall by 10% or less, par plus absolute value of return; otherwise, full exposure to losses if fund drops below trigger
|
| Initial level: | $42.15
|
| Trigger level: | $37.935, 90% of initial index level
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48127P101
|
|
|
© 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.
