Published on 6/27/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $430,000 capped buffered return enhanced notes on Euro Stoxx 50
By Jennifer Chiou
New York, June 27 – JPMorgan Chase & Co. priced $430,000 of 0% capped buffered return enhanced notes due June 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus two times any gain in the index, up to a maximum return of 19%.
Investors will receive par for losses up to 10% and will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $430,000
|
| Maturity: | June 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in the index, capped at 19%; par for losses up to 10%; exposure to any losses beyond buffer
|
| Initial level: | 3,252.31
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.08721%
|
| Cusip: | 48127DKX5
|
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