Published on 5/12/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.6 million contingent buffered notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, May 12 – JPMorgan Chase & Co. priced $6.6 million of contingent buffered equity notes due Nov. 16, 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 plus any index gain.
Investors will receive par if the index falls by up to 17.6% and will be fully exposed to any loses if the index falls by more than the 17.6% contingent buffer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Contingent buffered equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $6,599,000
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Maturity: | Nov. 16, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 17.6%; full exposure to any losses if index falls by more than contingent buffer
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Initial level: | 3,649.48
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Contingent buffer: | 17.6%
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Pricing date: | May 8
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Settlement date: | May 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48125URB0
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