Published on 8/5/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $893,170 PLUS due 2015 linked to S&P MidCap 400
By Jennifer Chiou
New York, Aug. 5 – JPMorgan Chase & Co. priced $893,170 of 0% Performance Leveraged Upside Securities due Sept. 3, 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 plus triple any index gain, capped at 10.3%.
Investors will share in any losses.
J.P. Morgan Securities LLC is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | S&P MidCap 400
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| Amount: | $893,170
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| Maturity: | Sept. 3, 2015
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any index gain, capped at 10.3%; full exposure to losses
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| Initial level: | 1,370.70
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 481246759
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