Published on 3/4/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.22 million six-month PLUS linked to S&P 500
By Marisa Wong
Madison, Wis., March 4 – JPMorgan Chase & Co. priced $2.22 million of 0% Performance Leveraged Upside Securities due Sept. 23, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 6%.
Investors will be fully exposed to any decline in the index.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $2,222,200
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Maturity: | Sept. 23, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at 6%; full exposure to losses
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Initial level: | 2,104.50
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Pricing date: | Feb. 27
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Settlement date: | March 4
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Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 1.5%
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Cusip: | 48127R263
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