Published on 10/2/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $10.61 million PLUS tied to Euro Stoxx 50 index
By Jennifer Chiou
New York, Oct. 2 – JPMorgan Chase & Co. priced $10,609,620 of 0% Performance Leveraged Upside Securities due Jan. 6, 2016 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 of $10 plus triple any gain in the index, up to a maximum return of 16.5%.
Investors will be fully exposed to any decline in the index.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Smith Barney LLC is the distributor.
Issuer: | JPMorgan Chase & Co.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $10,609,620
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Maturity: | Jan. 6, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 16.5%; full exposure to losses
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Initial level: | 3,225.93
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Agent: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as dealer
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Fees: | 1.75%
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Cusip: | 481246346
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