Published on 9/10/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $660,000 return notes linked to 16 stocks
By Marisa Wong
Madison, Wis., Sept. 10 - JPMorgan Chase & Co. priced $660,000 of 0% return notes due Sept. 24, 2014 linked to an equally weighted basket of 16 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are General Motors Co., Ford Motor Co., Tenneco Inc., Home Depot, Inc., Lowe's Cos., Inc., Costco Wholesale Corp., Lennar Corp., Eaton Corp. plc, Caterpillar Inc., Oshkosh Corp., EMC Corp., International Business Machines Corp., Vantiv, Inc., ON Semiconductor Corp., Xilinx, Inc. and Parametric Technology Corp.
The payout at maturity will be the product of (a) par multiplied by (b) one plus the basket return multiplied by (b) a basket adjustment factor of 99.5%. Because of the basket adjustment factor, investors will lose some or all of their principal if the basket return is less than roughly 0.5%.
The final basket level will be the average of the basket closing levels on the five trading days ending Sept. 19, 2014.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying stocks: | General Motors Co., Ford Motor Co., Tenneco Inc., Home Depot, Inc., Lowe's Cos., Inc., Costco Wholesale Corp., Lennar Corp., Eaton Corp. plc, Caterpillar Inc., Oshkosh Corp., EMC Corp., International Business Machines Corp., Vantiv, Inc., ON Semiconductor Corp., Xilinx, Inc. and Parametric Technology Corp., equally weighted
|
| Amount: | $660,000
|
| Maturity: | Sept. 24, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Product of (a) par multiplied by (b) one plus basket return multiplied by (b) 99.5%
|
| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126NRH2
|
© 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.
