Published on 2/24/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.79 million return notes linked to JPX-Nikkei 400
By Angela McDaniels
Tacoma, Wash., Feb. 24 – JPMorgan Chase & Co. priced $5.79 million of 0% return notes due March 9, 2016 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the index return multiplied by (c) 99.1%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Return notes
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Underlying index: | JPX-Nikkei Index 400
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Amount: | $5,785,000
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Maturity: | March 9, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | (a) $1,000 multiplied by (b) one plus index return multiplied by (c) 99.1%
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Initial index level: | 13,607.78
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Final index level: Average of index’s closing levels on the five trading days ending March 4, 2016
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Pricing date: | Feb. 20
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Settlement date: | Feb. 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48125UFH0
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