By Marisa Wong
Madison, Wis., June 28 - JPMorgan Chase & Co. priced $4.37 million 0% capped equity-linked partial principal at risk securities due June 29, 2017 based on a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket consists of the SPDR S&P 500 ETF trust, the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund.
The payout at maturity will be par of $10.00 plus any basket gain, subject to a maximum payment of $16.25 per note.
If the final basket level is less than the initial level, the payout will be par plus the basket return. Investors will receive a minimum payment of $9.00 per note.
J.P. Morgan Securities LLC is the agent and will use all of its fees to allow selling concessions to Morgan Stanley Smith Barney LLC.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped equity-linked partial principal at risk securities
|
| Underlying ETFs: | SPDR S&P 500 ETF trust, iShares MSCI EAFE index fund, iShares MSCI Emerging Markets index fund
|
| Amount: | $4,367,020
|
| Maturity: | June 29, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at $16.25 per note; if basket falls, par plus return, with a floor of $9.00 per note
|
| Initial fund prices: | $126.81 for SPDR S&P 500, $57.10 for iShares MSCI EAFE and $45.50 for iShares MSCI EM
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.5%
|
| Cusip: | 46634X187
|
© 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.
