Published on 10/13/2010 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 five-year notes tied to S&P 500, Russell 2000
By Marisa Wong
Madison, Wis., Oct. 13 - JPMorgan Chase & Co. priced $500,000 of 0% notes due March 13, 2015 based on an equally weighted basket of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any basket gain, up to a maximum return of 17%.
Investors will receive at least par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying basket: | Equal weights of the S&P 500 index and the Russell 2000 index
|
| Amount: | $500,000
|
| Maturity: | March 13, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 17%; floor of par
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%, all for selling concessions
|
| Cusip: | 48124AR41
|
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