Published on 9/7/2011 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.46 million 0% return enhanced notes tied to S&P 500
By Toni Weeks
San Diego, Sept. 7 - JPMorgan Chase & Co. priced $1.46 million of 0% return enhanced notes due Sept. 19, 2012 linked to the S&P 500 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, subject to a maximum return of 22.2%.
Investors will be fully exposed to losses should the index decline.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Return enhanced notes
|
Underlying index: | S&P 500
|
Amount: | $1,462,000
|
Maturity: | Sept. 19, 2012
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus double any gain in the index, subject to maximum return of 22.2%; full exposure to losses if index declines
|
Initial level: | 1,173.97
|
Pricing date: | Sept. 2
|
Settlement date: | Sept. 8
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48125XU46
|
© 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.