Published on 5/24/2011 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.32 million return notes tied to basket of 15 stocks
By Susanna Moon
Chicago, May 24 - JPMorgan Chase & Co. priced $2.32 million of 0% return notes due June 6, 2012 linked to an equally weighted basket of 15 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are AGCO Corp., Akamai Technologies, Inc., Cabot Oil & Gas Corp., Amdocs Ltd., EQT Corp., Petrohawk Energy Corp., Mead Johnson Nutrition Co., Mylan Inc., NovaGold Resources Inc., Nalco Holding Co., Pioneer Natural Resources Co., SPX Corp., SunTrust Banks, Inc., United Therapeutics Corp. and Watts Water Technologies, Inc.
The payout at maturity will be par plus the basket return, which could be positive or negative, times a basket adjustment factor of 99.2%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Return notes
|
| Underlying stocks: | AGCO Corp., Akamai Technologies, Inc., Cabot Oil & Gas Corp., Amdocs Ltd., EQT Corp., Petrohawk Energy Corp., Mead Johnson Nutrition Co., Mylan Inc., NovaGold Resources Inc., Nalco Holding Co., Pioneer Natural Resources Co., SPX Corp., SunTrust Banks, Inc., United Therapeutics Corp. and Watts Water Technologies, Inc., equally weighted
|
| Amount: | $2,315,000
|
| Maturity: | June 6, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return times adjustment factor of 99.2%
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125XSF4
|
© 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.
