E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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.
Issue:Trigger jump securities
Underlying index:Euro Stoxx 50
Amount:$24,191,220
Maturity:April 5, 2017
Coupon:0%
Price:Par of $10
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%
Initial index level:3,697.38
Downside threshold:3,327.642, 90% of initial index level
Pricing date:March 31
Settlement date:April 7
Agent:J.P. Morgan Securities LLC
Distribution:Morgan Stanley Wealth Management
Fees:2.5%
Cusip:48127T848

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.