Published on 7/1/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.17 million notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., July 1 – JPMorgan Chase & Co. priced $1.17 million of 0% notes due Sept. 30, 2020 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 111.71% of any index gain. If the index stays flat or falls, investors will receive par.
J.P. Morgan Securities LLC is the underwriter with UBS Financial Services Inc. as placement agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.17 million
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Maturity: | Sept. 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus111.71% of any index gain, floor of par
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Initial level: | 3,233.19
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Pricing date: | June 26
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Settlement date: | June 30
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Underwriter: | J.P. Morgan Securities LLC with UBS Financial Services Inc. as placement agent
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Fees: | 0%
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Cusip: | 48127DMP0
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