E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/17/2011 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2 million single observation capped market plus notes linked to gold

By Jennifer Chiou

New York, Aug. 17 - JPMorgan Chase & Co. priced $2 million of 0% single observation capped market plus notes due Aug. 23, 2012 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of gold is less than 85% of the strike value, the payout at maturity will be par plus the gold return. Otherwise, the payout will be par plus the gold return, subject to a minimum payout of par.

In either case, the maximum payout will be 117% of par.

The strike value is $1,739.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Single observation capped market plus notes
Underlying commodity:Gold
Amount:$2 million
Maturity:Aug. 23, 2012
Coupon:0%
Price:Par
Payout at maturity:If final price of gold is less than 85% of strike value, full exposure to decline in gold price; otherwise, par plus gold return, subject to minimum payout of par; maximum payout of 117% of par in either case
Strike value:$1,739
Pricing date:Aug. 15
Settlement date:Aug. 18
Agent:J.P. Morgan Securities LLC
Fees:1%
Cusip:48125XK21

© 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.