Published on 10/2/2015 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.18 million contingent buffered notes on Euro Stoxx 50
By Susanna Moon
Chicago, Oct. 2 – JPMorgan Chase & Co. priced $3.18 million of 0% contingent buffered equity notes due April 5, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus any index gain, up to a maximum return of 15.25%.
If the index falls by up to 15.25%, the payout will be par plus the absolute value of the index return.
Otherwise, the payout will be par plus the return, with full exposure to any losses.
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: | $3,175,000
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Maturity: | April 5, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus any return, capped at 15.25%; if index falls by up to 15.25%, par plus absolute value of index return; otherwise, par plus the return, with full exposure to any losses
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Initial level: | 3,113.16
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Contingent buffer: | 15.25%
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48125U5K4
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