By Marisa Wong
Madison, Wis., Dec. 6 - JPMorgan Chase & Co. priced $3.21 million of 0% capped index fund knock-out notes due Feb. 2, 2012 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the index fund share price falls below 70% of the initial price during the life of the notes, the payout at maturity will be par plus the fund return, which could be positive or negative.
Otherwise, the payout will be par plus the greater of the fund return and 10.3%.
In either case, the payout is subject to a maximum return of 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped index fund knock-out notes
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $3,214,000
|
| Maturity: | Feb. 2, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund share price falls by more than 30% during life of notes, par plus fund return; otherwise, par plus greater of fund return and 10.3%; in both cases, return capped at 20%
|
| Initial price: | $56.86
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.95%
|
| Cusip: | 48124A4R5
|
© 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.
