By Toni Weeks
San Diego, Sept. 13 - JPMorgan Chase & Co. priced $14.48 million of 0% capped buffered return enhanced notes due Sept. 23, 2013 linked to the S&P GSCI Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum return of 11%.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P GSCI Excess Return
|
| Amount: | $14,477,000
|
| Maturity: | Sept. 23, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain in the index; par if index declines by up to 10%; 1% loss for every 1% index decline beyond 10%
|
| Initial level: | 501.8351
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 14
|
| Agent: | JPMorgan Securities LLC
|
| Fees: | 0.5%, including 0.25% for selling concessions
|
| Cusip: | 48125V6K1
|
© 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.
