Published on 5/2/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.14 million PLUS tied to S&P MidCap 400 index
By Toni Weeks
San Luis Obispo, Calif., May 2 - JPMorgan Chase & Co. priced $2.14 million of 0% Performance Leveraged Upside Securities due June 5, 2015 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 10.75%.
Investors will be fully exposed to any decline in the index.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | S&P MidCap 400
|
Amount: | $2,140,270
|
Maturity: | June 5, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, capped at 10.75%; full exposure to losses
|
Initial level: | 1,355.96
|
Pricing date: | April 30
|
Settlement date: | May 5
|
Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as dealer
|
Fees: | 2%
|
Cusip: | 48127F608
|
© 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.