Published on 10/6/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.51 million capped buffered enhanced notes on indexes
By Marisa Wong
Morgantown, W.Va., Oct. 6 – JPMorgan Chase & Co. priced $6.51 million of 0% capped buffered enhanced participation notes due Oct. 5, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,235.50 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Capped buffered enhanced participation notes
|
Underlying basket: | Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight
|
Amount: | $6,513,000
|
Maturity: | Oct. 5, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,235.50 for each $1,000 principal amount; par if the basket falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
Initial levels: | 3,100.67 for Euro Stoxx, 6,061.61 for FTSE, 1,411.16 for Topix, 8,513.41 for Swiss Market and 5,021.629 for S&P/ASX
|
Pricing date: | Sept. 30
|
Settlement date: | Oct. 7
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2%
|
Cusip: | 48125U5G3
|
|
© 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.