Published on 7/30/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $275,000 uncapped buffered return notes tied to S&P 500
By Susanna Moon
Chicago, July 30 – JPMorgan Chase & Co. priced $275,000 of 0% buffered return enhanced notes due July 31, 2019 to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.025 times any index gain.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $275,000
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| Maturity: | July 31, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.025 times any index gain; par if index falls by up to 15%; 1% loss for every 1% decline beyond 15%
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| Initial level: | 2,093.25
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| Pricing date: | July 28
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| Settlement date: | July 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.47273%
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| Cusip: | 48125UYM8
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