Published on 8/27/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.71 million contingent buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 27 – JPMorgan Chase & Co. priced $2.71 million of 0% capped contingent buffered equity notes due Sept. 14, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 13.6%. If the index falls by up to 15%, the payout will be par. If the index falls by more than 15%, investors will be fully exposed to the index’s decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,705,000
|
| Maturity: | Sept. 14, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus lesser of index return and 13.6%; if index falls by up to 15%, par; otherwise, full exposure to index’s decline
|
| Initial index level: | 1,867.61
|
| Final index level: Average of index’s closing levels on five trading days ending Sept. 9, 2016
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48125UR53
|
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