By Jennifer Chiou
New York, Oct. 4 - JPMorgan Chase & Co. priced $3.36 million of 0% single observation capped market plus notes due Oct. 12, 2012 linked to the performance of the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The starting spot rate is 1.8544 reais per dollar. The final spot rate will be the number of reais per dollar on Oct. 9, 2012.
A knock-out event will occur if the currency return is less than negative 35%.
If a knock-out event has occurred, the payout at maturity will be par plus the currency return. Otherwise, the payout will be par plus the currency return, subject to a minimum return of 9.3%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Single observation capped market plus notes
|
| Underlying currency: | Brazilian real relative to dollar
|
| Amount: | $3,359,000
|
| Maturity: | Oct. 12, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus currency return if currency return is less than negative 35%; otherwise, par plus currency return, subject to minimum return of 9.3%
|
| Initial spot rate: | 1.8544 reais per dollar
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125X5G7
|
© 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.
