Published on 2/26/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.66 million trigger return optimization notes tied to S&P MidCap 400
By Jennifer Chiou
New York, Feb. 26 – JPMorgan Chase & Co. priced $4,664,000 of 0% trigger return optimization securities due Feb. 28, 2018 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 1.5 times any index gain, up to a maximum return of 33.5%.
If the index finishes at or above the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger return optimization securities
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $4,664,000
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| Maturity: | Feb. 28, 2018
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum return of 33.5%; if index finishes at or above trigger level, par; otherwise, investors will be fully exposed to any losses
|
| Initial index level: | 1,517.72
|
| Trigger level: | 1,214.18, 80% of initial level
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 27
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48127R552
|
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