Published on 7/30/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $782,000 uncapped buffered notes linked to index basket
By Susanna Moon
Chicago, July 30 – JPMorgan Chase & Co. priced $782,000 of 0% uncapped buffered equity notes due Aug. 1, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus any basket gain.
Investors will receive par if the basket falls by up to the 18.5% buffer and will lose 1% for every 1% decline beyond 18.5%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Uncapped buffered equity notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $782,000
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Maturity: | Aug. 1, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain; par if basket falls by up to 18.5%; exposure to losses beyond 18.5%
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Initial levels: | 3,554.11 for Euro Stoxx, 6,555.28 for FTSE, 1,629.46 for Topix, 9,275.72 for Swiss Market and 5,584.685 for S&P/ASX 200
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 48125UYC0
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