Published on 10/8/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $20.24 million capped return enhanced notes on S&P GSCI Excess Return
By Jennifer Chiou
New York, Oct. 8 - JPMorgan Chase & Co. priced $20,235,000 of 0% capped return enhanced notes due Oct. 16, 2014 linked to the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain in the index, subject to a maximum return of 12.6%. Investors will be exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | S&P GSCI Excess Return
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Amount: | $20,235,000
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Maturity: | Oct. 16, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain in index, subject to maximum return of 12.6%; exposure to any index decline
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Initial index level: | 473.2521
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Pricing date: | Oct. 4
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Settlement date: | Oct. 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.221% and up to 0.37% for selling concessions
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Cusip: | 48126NWT0
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