Published on 12/28/2012 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $728,000 0% capped buffered return enhanced notes linked to Russell
By Toni Weeks
San Diego, Dec. 27 - JPMorgan Chase & Co. priced $728,000 of 0% capped buffered return enhanced notes due Dec. 31, 2014 linked to the Russell 2000 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 18%.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Russell 2000
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Amount: | $728,000
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Maturity: | Dec. 31, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any gain in the index, subject to maximum return of 18%; par if index declines by up to 10%; exposure to losses beyond 10%
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Initial level: | 847.92
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Pricing date: | Dec. 21
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Settlement date: | Dec. 31
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Agent: | JPMorgan Securities LLC
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Fees: | 3.05%, including 2.153% for selling concessions
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Cusip: | 48126DJU4
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