Published on 4/2/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $24.19 million trigger jump notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 2 – JPMorgan Chase & Co. priced $24.19 million of 0% trigger jump securities due April 5, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive or flat, the payout at maturity will be par of $10 plus the greater of the index return and 15%. Investors will receive par if the index declines by 10% or less and will be exposed to losses from the initial level if the index declines by more than 10%.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney.
Issuer: | JPMorgan Chase & Co.
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $24,191,220
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Maturity: | April 5, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive or flat, par plus greater of index return and 15%; par if index declines by 10% or less; exposure to losses from initial level if index declines by more than 10%
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Initial index level: | 3,697.38
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Downside threshold: | 3,327.642, 90% of initial index level
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Pricing date: | March 31
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Settlement date: | April 7
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 48127T848
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