E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/30/2012 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $145,000 notes linked to three indexes, one fund

By Angela McDaniels

Tacoma, Wash., Jan. 30 - JPMorgan Chase & Co. priced $145,000 of 0% notes due Jan. 31, 2018 linked to a basket of three indexes and one fund, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket components are the S&P 500 index, the Dow Jones industrial average, the Dow Jones - UBS Commodity index and the iShares MSCI EAFE index fund.

The payout at maturity will be par plus the basket return, subject to a minimum payout of $1,020 per $1,000 principal amount of notes.

The final basket level will be the average of its closing levels on Jan. 28, 2013, Jan. 28, 2014, Jan. 27, 2015, Jan. 26, 2016, Jan. 26, 2017 and Jan. 26, 2028.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Notes
Underlying basket:S&P 500 index, Dow Jones industrial average, Dow Jones - UBS Commodity index and iShares MSCI EAFE index fund, equally weighted
Amount:$145,000
Maturity:Jan. 31, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus greater of 2% and basket return; final basket level will be average of its closing levels on Jan. 28, 2013, Jan. 28, 2014, Jan. 27, 2015, Jan. 26, 2016, Jan. 26, 2017 and Jan. 26, 2028
Initial levels:1,318.43 for S&P 500; 12,734.60 for Dow; 146.2543 for Dow Jones - UBS Commodity; $52.40 for iShares MSCI EAFE
Pricing date:Jan. 26
Settlement date:Jan. 31
Agent:J.P. Morgan Securities LLC
Fees:7.21%, including 4.0945% for selling concessions
Cusip:48125VHH6

© 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.