Published on 9/3/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.31 million single review notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 3 – JPMorgan Chase & Co. priced $9.31 million of 0% single review notes due Sept. 16, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 95% of the initial index level, the notes will be automatically called at par plus a premium of 9.8%.
If the notes are not called and the final index level is less than the initial index level by 10% or less, the payout will be par. If the index declines by more than 10%, investors will lose 1% for every 1% that the final index level is less than the initial level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Single review notes
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Underlying index: | Euro Stoxx 50
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Amount: | $9,314,000
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Maturity: | Sept. 16, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to call level, notes will be automatically called at par plus 9.8%; if notes are not called and final index level is less than initial index level by 10% or less, par; if index declines by more than 10%, 1% loss for every 1% that final index level is less than initial level
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Initial index level: | 3,172.63
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Final index level: Average of index’s closing levels on five trading days ending Sept. 11, 2015
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Call level: | 3,013.9985, 95% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Sept. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48127DYB8
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