By Susanna Moon
Chicago, May 22 - JPMorgan Chase & Co. priced $427,000 of 0% capped buffered enhanced participation equity due July 22, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 times any fund gain, up to a maximum return of $1,138.45 for each $1,000 principal amount.
Investors will receive par if the shares fall by up 10% and will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $427,000
|
| Maturity: | July 22, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.3 times fund gain, capped at 13.845%; par if shares fall by 10% or less; 1.1111% loss for every 1% drop beyond 10%
|
| Initial level: | $43.53
|
| Pricing date: | May 20
|
| Settlement date: | May 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126D5E5
|
© 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.
