By Susanna Moon
Chicago, April 26 - JPMorgan Chase & Co. priced $105,000 of 0% capped dual directional knock-out buffered notes due April 28, 2016 linked to the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index ever falls by more than 15% during the life of the notes.
If the index finishes above its initial level, the payout at maturity will be par plus the gain, up to a maximum return of 30%.
If the index falls but never closes below the knock-out level, the payout will be par plus the absolute value of the index return, up to a cap of 15%.
Otherwise, investors will be fully exposed to any index losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional knock-out buffered notes
|
| Underlying index: | Dow Jones-UBS Commodity
|
| Amount: | $105,000
|
| Maturity: | April 28, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus return, capped at 30%; if index falls but never closes below knock-out level, par plus absolute value of return, capped at 15%; otherwise, full exposure to losses
|
| Initial level: | 130.6107
|
| Knock-out level: | 85% of initial level
|
| Pricing date: | April 24
|
| Settlement date: | April 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.2%
|
| Cusip: | 48126DQ69
|
© 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.
