Published on 4/8/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.08 million capped buffered enhanced notes on S&P 500
By Susanna Moon
Chicago, April 8 - JPMorgan Chase & Co. priced $3.08 million of 0% capped buffered enhanced participation equity notes due April 9, 2015 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 1.5 times any index gain, up to a maximum return of $1,114 for each $1,000 principal amount.
Investors will receive par if the index falls by up 15% and will lose 1.1765% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Capped buffered enhanced participation equity notes
|
Underlying index: | S&P 500
|
Amount: | $3,077,000
|
Maturity: | April 9, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.5 times index gain, capped at 11.4%; par if index declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
|
Initial index level: | 1,559.98
|
Pricing date: | April 4
|
Settlement date: | April 11
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2%
|
Cusip: | 48126DJ75
|
© 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.