Published on 3/19/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.44 million return notes tied to basket of 15 stocks
By Toni Weeks
San Luis Obispo, Calif., March 19 - JPMorgan Chase & Co. priced $1.44 million of 0% return notes due April 2, 2014 linked to a basket of 15 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of AMC Networks Inc., Bed Bath & Beyond Inc., Cabot Oil & Gas Corp., ExactTarget, Inc., Global Payments Inc., Insulet Corp., Joy Global Inc., Life Technologies Corp., Mead Johnson Nutrition Co., New York Times Co., Open Table, Inc., Splunk Inc., Texas Roadhouse, Inc., TripAdvisor, Inc. and Viacom Inc.
The payout at maturity will be (a) $1,000 multiplied by (b) one plus the basket return, which could be positive or negative, multiplied by (c) the basket adjustment factor, which is 98.85%.
Because of the basket adjustment factor, investors will lose principal if the basket return is less than 1.1634%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Return notes
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| Underlying stocks: | AMC Networks Inc. (Symbol: AMCX), Bed Bath & Beyond Inc. (Symbol: BBBY), Cabot Oil & Gas Corp. (Symbol: COG), ExactTarget, Inc. (Symbol: ET), Global Payments Inc. (Symbol: GPN), Insulet Corp. (Symbol: PODD), Joy Global Inc. (Symbol: JOY), Life Technologies Corp. (Symbol: LIFE), Mead Johnson Nutrition Co. (Symbol: MJN), New York Times Co. (Symbol: NYT), Open Table, Inc. (Symbol: OPEN), Splunk Inc. (Symbol: SPLK), Texas Roadhouse, Inc. (Symbol: TXRH), TripAdvisor, Inc. (Symbol: TRIP) and Viacom Inc. (Symbol: VIAB), equally weighted
|
| Amount: | $1.44 million
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| Maturity: | April 2, 2014
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | (a) Par plus basket return multiplied by (b) 98.85% basket adjustment factor
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| Initial share prices: | $61.31 for AMC Networks Inc., $60.925 for Bed Bath & Beyond Inc., $67.06 for Cabot Oil & Gas Corp., $23.16 for ExactTarget, Inc., $47.93 for Global Payments Inc., $24.04 for Insulet Corp., $62.13 for Joy Global Inc., $63.20 for Life Technologies Corp., $73.35 for Mead Johnson Nutrition Co., $9.96 for New York Times Co., $61.15 for Open Table, Inc., $39.00 for Splunk Inc., $19.59 for Texas Roadhouse, Inc., $52.45 for TripAdvisor, Inc. and $63.13 for Viacom Inc.
|
| Pricing date: | March 15
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| Settlement date: | March 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48126DC56
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