New York, Feb. 28 - JPMorgan Chase & Co. priced $72.43 million of 0% notes linked to the performance of the JPMorgan ETF Efficiente 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
On the maturity date of Feb. 29, 2016, investors will receive par plus 110% of any gain in the index. The payout will be at least par.
The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index less a fee of 0.5% per year that accrues daily.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Notes
|
Underlying index: | JPMorgan ETF Efficiente 5 index
|
Amount: | $72,427,000
|
Maturity: | Feb. 29, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 110% of any gain in the index, minimum of par
|
Initial index level: | 111.73
|
Pricing date: | Feb. 24
|
Settlement date: | Feb. 29
|
Agent: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
Fees: | 3%
|
Cusip: | 48125VMA5
|
© 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.