Published on 4/29/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.17 million capped return enhanced notes on Euro Stoxx 50
By Susanna Moon
Chicago, April 29 - JPMorgan Chase & Co. priced $6.17 million of 0% capped return enhanced notes due May 13, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 23.1%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $6,167,000
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Maturity: | May 13, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 23.1%; exposure to losses
|
Initial index level: | 3,147.4
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Pricing date: | April 25
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Settlement date: | April 30
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Underwriter: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48127DFP8
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