By Jennifer Chiou
New York, March 26 – JPMorgan Chase & Co. priced $1.5 million of 0% digital notes due April 13, 2016 linked to the common stock of Western Digital Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 77.5% of the initial price, the payout at maturity will be par plus the digital return of 10%. Investors will be fully exposed to losses from the initial share price if the stock price falls by more than 22.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying stock: | Western Digital Corp. (Symbol: WDC)
|
| Amount: | $1.5 million
|
| Maturity: | April 13, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above 77.5% of initial price, par plus 10%; full exposure to losses from initial stock price if stock falls by more than 22.5%
|
| Initial level: | $97.94
|
| Buffer level: | 77.5% of initial price
|
| Pricing date: | March 24
|
| Settlement date: | March 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125ULD2
|
|
|
© 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.
