New Issue: JPMorgan prices $670,000 digital notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., July 28 – JPMorgan Chase & Co. priced $670,000 of 0% digital notes due July 27, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus 20.25%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$670,000
Maturity:	July 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to zero, par plus 20.25%; if index declines by 10% or less, par; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	3,600
Pricing date:	July 24
Settlement date:	July 29
Agent:	J.P. Morgan Securities LLC
Fees:	0.15%
Cusip:	48125UZG0

© 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.