Published on 6/1/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $375,000 capped buffered return enhanced notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., June 1 – JPMorgan Chase & Co. priced $375,000 of 0% capped buffered return enhanced notes due Feb. 28, 2017 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 1.5 times any gain in the index, up to a maximum return of 18%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $375,000
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Maturity: | Feb. 28, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at 18%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 3,619.30
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Pricing date: | May 26
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Settlement date: | May 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.19867%
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Cusip: | 48125UQC9
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