Published on 12/2/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.22 million PLUS due 2016 linked to Euro Stoxx 50
By Jennifer Chiou
New York, Dec. 2 – JPMorgan Chase & Co. priced $9,222,060 of 0% Performance Leveraged Upside Securities due March 3, 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 three times any gain in the index, up to a maximum return of 17%.
Investors will be fully exposed to any decline in the index.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as 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: | $9,222,060
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Maturity: | March 3, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 17%; full exposure to losses
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Initial level: | 3,250.93
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Pricing date: | Nov. 28
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Settlement date: | Dec. 3
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Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 48127P309
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