Published on 3/28/2016 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $582,000 capped buffered return enhanced notes on Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., March 28 – JPMorgan Chase & Co. priced $582,000 of 0% capped buffered return enhanced notes due March 29, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 28%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $582,000
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Maturity: | March 29, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus double any index gain, capped at 28%; par if index declines by 10% or less; exposure to losses beyond 10%
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Initial level: | 2,986.73
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Pricing date: | March 24
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Settlement date: | March 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48128GQE3
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