Published on 5/5/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $77,000 uncapped contingent buffered notes on S&P 500
By Tali Rackner
Norfolk, Va., May 5 – JPMorgan Chase & Co. priced $77,000 of 0% uncapped contingent buffered equity notes due April 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return and a fixed return of 28%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if it falls by more than the contingent buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Uncapped contingent buffered equity notes
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Underlying index: | S&P 500
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Amount: | $77,000
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Maturity: | April 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index gains, par plus the greater of the return and the contingent minimum return of 28%; par if index falls by up to 25%; full exposure to loss if index falls more than 25%
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Initial level: | 2,091.70
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Pricing date: | April 26
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Settlement date: | April 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48128GVB3
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