By Toni Weeks
San Diego, Nov. 28 - JPMorgan Chase & Co. priced $5.84 million of 0% capped single observation index knock-out notes due Dec. 10, 2012 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than 20% from the initial level on the Dec. 5, 2012 observation date.
If a knock-out event does not occur, the payout at maturity is par plus the index return, subject to a contingent minimum return of at least 10.6% and a maximum return of 20%.
If a knock-out event occurs, the payout at maturity is par plus the index return. Investors will be fully exposed to losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Capped single observation index knock-out notes
|
Underlying index: | S&P MidCap 400
|
Amount: | $5.84 million
|
Maturity: | Dec. 10, 2012
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index falls by more than 20% from initial level on Dec. 5, 2012, full exposure to losses; if knock-out event does not occur, par plus index return, with floor of 10.6% and capped at 20%
|
Initial level: | 838.61
|
Knock-out buffer: | 20% of initial level
|
Pricing date: | Nov. 22
|
Settlement date: | Nov. 28
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48125VDS6
|
© 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.