Published on 5/19/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $745,000 capped return enhanced notes linked to LinkedIn
By Susanna Moon
Chicago, May 19 – JPMorgan Chase & Co. priced $745,000 of 0% capped return enhanced notes due Nov. 25, 2015 linked to LinkedIn Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in LinkedIn shares, up to a maximum return of 22.3%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Capped return enhanced notes
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| Underlying stock: | LinkedIn Corp. (Symbol: LNKD)
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| Amount: | $745,000
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| Maturity: | Nov. 25, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any gain in LinkedIn shares, capped at 22.3%; exposure to any losses
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| Initial price: | $195.66
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| Pricing date: | May 15
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| Settlement date: | May 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48125URX2
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