Published on 7/29/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.57 million PLUS due 2015 linked to WTI crude oil
By Susanna Moon
Chicago, July 29 – JPMorgan Chase & Co. priced $5.57 million of 0% Performance Leveraged Upside Securities due Jan. 29, 2015 linked to the WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the price of crude oil, capped at 31%.
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 asset: | WTI crude oil futures contract
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Amount: | $5,571,000
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Maturity: | Jan. 29, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any gain in crude oil, capped at 31%; exposure to any losses
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Initial level: | $102.09
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Pricing date: | July 25
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Settlement date: | July 30
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Agent: | J.P. Morgan Securities LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 1.5%
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Cusip: | 48127DTN8
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