Published on 3/27/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.68 million return notes linked to basket of 15 stocks
By Jennifer Chiou
New York, March 27 - JPMorgan Chase & Co. priced $1,675,000 of 0% return notes due April 9, 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.
|
| Issue: | Return notes
|
| 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: | $1,675,000
|
| Maturity: | April 9, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (a) Par plus basket return multiplied by (b) 98.85% basket adjustment factor
|
| Pricing date: | March 22
|
| Settlement date: | March 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126DE62
|
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